Fidus Investment (NASDAQ:FDUS) Shares Gap Down to $20.34

Fidus Investment Co. (NASDAQ:FDUS) shares gapped down prior to trading on Thursday . The stock had previously closed at $20.34, but opened at $19.81. Fidus Investment shares last traded at $19.67, with a volume of 42,786 shares trading hands.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods raised Fidus Investment to a “hold” rating in a research note on Monday, August 5th.

Fidus Investment Stock Performance

The firm has a market capitalization of $616.25 million, a P/E ratio of 6.71 and a beta of 1.40. The stock has a fifty day moving average price of $19.68 and a two-hundred day moving average price of $19.73.

Fidus Investment (NASDAQ:FDUS) last announced its quarterly earnings results on Thursday, August 1st. The asset manager reported $0.57 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.57. The business had revenue of $35.66 million for the quarter, compared to the consensus estimate of $34.88 million. Fidus Investment had a return on equity of 12.29% and a net margin of 67.43%. During the same quarter last year, the business posted $0.62 EPS. As a group, research analysts anticipate that Fidus Investment Co. will post 2.32 earnings per share for the current fiscal year.

Fidus Investment Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 26th. Shareholders of record on Thursday, September 19th will be given a $0.57 dividend. This is a positive change from Fidus Investment’s previous quarterly dividend of $0.43. The ex-dividend date is Thursday, September 19th. This represents a $2.28 annualized dividend and a yield of 11.67%. Fidus Investment’s payout ratio is 59.11%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Cetera Investment Advisers raised its holdings in shares of Fidus Investment by 18.1% during the 2nd quarter. Cetera Investment Advisers now owns 233,826 shares of the asset manager’s stock valued at $4,555,000 after purchasing an additional 35,861 shares in the last quarter. NewEdge Advisors LLC lifted its position in shares of Fidus Investment by 9.3% in the second quarter. NewEdge Advisors LLC now owns 122,359 shares of the asset manager’s stock worth $2,384,000 after buying an additional 10,364 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Fidus Investment by 17.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 225,904 shares of the asset manager’s stock worth $4,401,000 after acquiring an additional 33,474 shares in the last quarter. PFG Advisors increased its holdings in shares of Fidus Investment by 3.9% during the 2nd quarter. PFG Advisors now owns 178,404 shares of the asset manager’s stock valued at $3,475,000 after acquiring an additional 6,735 shares during the last quarter. Finally, Wetzel Investment Advisors Inc. bought a new position in shares of Fidus Investment in the 2nd quarter valued at approximately $32,000. 28.14% of the stock is owned by hedge funds and other institutional investors.

Fidus Investment Company Profile

Fidus Investment Corporation is a business development company. It 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.