Fidus Investment Corp (NASDAQ:FDUS) Director Raymond L. Jr. Anstiss purchased 2,250 shares of Fidus Investment stock in a transaction dated Monday, May 13th. The stock was acquired at an average cost of $16.00 per share, with a total value of $36,000.00. Following the completion of the acquisition, the director now directly owns 4,760 shares in the company, valued at $76,160. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of NASDAQ FDUS traded up $0.10 during trading on Wednesday, reaching $16.18. The company had a trading volume of 62,462 shares, compared to its average volume of 104,632. Fidus Investment Corp has a twelve month low of $11.48 and a twelve month high of $16.46. The stock has a market cap of $395.52 million, a price-to-earnings ratio of 11.39 and a beta of 1.22.
Fidus Investment (NASDAQ:FDUS) last released its quarterly earnings results on Thursday, May 2nd. The asset manager reported $0.41 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.03. Fidus Investment had a return on equity of 9.24% and a net margin of 58.33%. The company had revenue of $20.33 million during the quarter, compared to analysts’ expectations of $19.01 million. As a group, analysts forecast that Fidus Investment Corp will post 1.53 EPS for the current fiscal year.
FDUS has been the subject of several recent analyst reports. Zacks Investment Research raised Fidus Investment from a “sell” rating to a “hold” rating in a report on Tuesday, February 12th. BidaskClub raised Fidus Investment from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 23rd. Finally, ValuEngine raised Fidus Investment from a “sell” rating to a “hold” rating in a report on Thursday, January 17th.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Raymond James & Associates raised its holdings in shares of Fidus Investment by 12.9% in the first quarter. Raymond James & Associates now owns 1,185,805 shares of the asset manager’s stock worth $18,178,000 after acquiring an additional 135,825 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in shares of Fidus Investment by 23.6% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 653,974 shares of the asset manager’s stock worth $10,025,000 after acquiring an additional 125,079 shares during the last quarter. BB&T Securities LLC grew its position in shares of Fidus Investment by 21.3% in the fourth quarter. BB&T Securities LLC now owns 361,532 shares of the asset manager’s stock valued at $4,226,000 after purchasing an additional 63,380 shares during the period. BlackRock Inc. grew its position in shares of Fidus Investment by 7.2% in the third quarter. BlackRock Inc. now owns 117,434 shares of the asset manager’s stock valued at $1,717,000 after purchasing an additional 7,842 shares during the period. Finally, Legal & General Group Plc grew its position in shares of Fidus Investment by 15.4% in the fourth quarter. Legal & General Group Plc now owns 110,840 shares of the asset manager’s stock valued at $1,301,000 after purchasing an additional 14,773 shares during the period. 29.98% of the stock is owned by institutional investors.
About Fidus Investment
Fidus Investment Corporation is a business development company specializing in leveraged buyouts, refinancings, change of ownership transactions, recapitalizations, strategic acquisitions, mezzanine, growth capital, business expansion, lower middle market investments, debt investments, subordinated and second lien loans, senior secured and unitranche debt, preferred equity, warrants, subordinated debt, senior subordinated notes, junior secured loans, and unitranche loans.
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