51,264 Shares in Fidus Investment Corporation (NASDAQ:FDUS) Bought by Virtu Financial LLC

Key Points

• Virtu Financial LLC has acquired 51,264 shares of Fidus Investment Corporation, valued at approximately $1,045,000, representing about 0.15% of the company.
• Analysts have raised price targets for Fidus Investment, with Keefe, Bruyette & Woods setting a target of $21.50 and B. Riley initiating coverage with a target of $22.00.
• Fidus Investment recently increased its dividend to $0.57 per share, offering a substantial dividend yield of 800.0% compared to its previous dividend of $0.11.

Virtu Financial LLC acquired a new stake in shares of Fidus Investment Corporation (NASDAQ:FDUS - Free Report) in the 1st quarter, according to its most recent 13F filing with the SEC. The fund acquired 51,264 shares of the asset manager's stock, valued at approximately $1,045,000. Virtu Financial LLC owned 0.15% of Fidus Investment at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of FDUS. ORG Partners LLC acquired a new stake in Fidus Investment during the 1st quarter valued at approximately $29,000. Transce3nd LLC acquired a new stake in Fidus Investment during the 4th quarter valued at approximately $32,000. Private Advisor Group LLC lifted its stake in Fidus Investment by 17.9% during the 1st quarter. Private Advisor Group LLC now owns 11,411 shares of the asset manager's stock valued at $233,000 after acquiring an additional 1,732 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in Fidus Investment by 8.2% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 13,267 shares of the asset manager's stock valued at $279,000 after acquiring an additional 1,000 shares during the period. Finally, Stratos Wealth Partners LTD. lifted its stake in Fidus Investment by 28.8% during the 1st quarter. Stratos Wealth Partners LTD. now owns 16,200 shares of the asset manager's stock valued at $330,000 after acquiring an additional 3,626 shares during the period. 28.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have commented on FDUS shares. B. Riley cut shares of Fidus Investment from a "buy" rating to a "neutral" rating and lifted their price objective for the company from $22.00 to $22.50 in a research note on Wednesday. Keefe, Bruyette & Woods boosted their target price on shares of Fidus Investment from $20.00 to $21.50 and gave the company a "market perform" rating in a research note on Monday, August 11th. Finally, LADENBURG THALM/SH SH upgraded shares of Fidus Investment to a "strong-buy" rating in a research note on Wednesday.

Fidus Investment Stock Performance

Shares of FDUS traded down $0.16 during trading hours on Friday, hitting $21.18. The stock had a trading volume of 170,526 shares, compared to its average volume of 157,707. The firm has a 50-day moving average price of $20.75 and a 200 day moving average price of $20.66. Fidus Investment Corporation has a fifty-two week low of $16.70 and a fifty-two week high of $23.55. The firm has a market capitalization of $749.35 million, a price-to-earnings ratio of 9.17 and a beta of 0.95.

Fidus Investment (NASDAQ:FDUS - Get Free Report) last posted its earnings results on Thursday, August 7th. The asset manager reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.04. Fidus Investment had a net margin of 51.88% and a return on equity of 11.52%. The firm had revenue of $39.97 million during the quarter, compared to analysts' expectations of $37.42 million. As a group, analysts predict that Fidus Investment Corporation will post 2.28 EPS for the current fiscal year.

Fidus Investment Increases Dividend

The company also recently announced a -- dividend, which will be paid on Thursday, September 25th. Investors of record on Thursday, September 18th will be paid a $0.57 dividend. The ex-dividend date is Thursday, September 18th. This represents a dividend yield of 800.0%. This is an increase from Fidus Investment's previous -- dividend of $0.11. Fidus Investment's dividend payout ratio (DPR) is presently 74.46%.

About Fidus Investment

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.