70,647 Shares in Fidus Investment Corporation $FDUS Acquired by Palogic Value Management L.P.

Key Points

• Palogic Value Management acquired 70,647 shares of Fidus Investment worth approximately $1.35 million, representing about 0.19% of the company. Institutional investors and hedge funds collectively own 28.14% of FDUS.
• Analysts maintain a cautious outlook, with an average rating of “Hold” and a $19.50 price target. Fidus reported quarterly EPS of $0.50, in line with estimates, but revenue of $32.55 million fell short of the $42.37 million consensus.
• Fidus declared a quarterly dividend of $0.43 per share, equivalent to $1.72 annually and an 8.7% yield, with payment scheduled for September 29 to shareholders of record on September 15.

Palogic Value Management L.P. acquired a new position in shares of Fidus Investment Corporation (NASDAQ:FDUS - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 70,647 shares of the asset manager's stock, valued at approximately $1,347,000. Palogic Value Management L.P. owned approximately 0.19% of Fidus Investment as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Legal & General Group Plc bought a new stake in shares of Fidus Investment during the second quarter worth $5,921,000. Millennium Management LLC bought a new stake in Fidus Investment during the 4th quarter worth about $4,778,000. BlackRock Inc. bought a new stake in Fidus Investment during the 2nd quarter worth about $2,633,000. Jane Street Group LLC acquired a new position in Fidus Investment during the 4th quarter valued at about $2,118,000. Finally, UBS Group AG lifted its position in Fidus Investment by 25.9% during the 3rd quarter. UBS Group AG now owns 375,736 shares of the asset manager's stock valued at $7,612,000 after purchasing an additional 77,346 shares during the period. 28.14% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on FDUS shares. Weiss Ratings reissued a "hold (c)" rating on shares of Fidus Investment in a research note on Wednesday, June 17th. Keefe, Bruyette & Woods reaffirmed a "market perform" rating and issued a $19.50 price objective on shares of Fidus Investment in a research note on Monday, July 20th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $19.50.

Fidus Investment Price Performance

Fidus Investment stock opened at $19.70 on Thursday. The firm has a market capitalization of $747.62 million, a price-to-earnings ratio of 9.43 and a beta of 0.67. The company's 50 day simple moving average is $19.62 and its 200 day simple moving average is $18.82. Fidus Investment Corporation has a fifty-two week low of $16.86 and a fifty-two week high of $21.67.

Fidus Investment (NASDAQ:FDUS - Get Free Report) last posted its earnings results on Thursday, August 6th. The asset manager reported $0.50 earnings per share for the quarter, hitting the consensus estimate of $0.50. The company had revenue of $32.55 million for the quarter, compared to analyst estimates of $42.37 million. Fidus Investment had a net margin of 45.36% and a return on equity of 10.87%. As a group, analysts predict that Fidus Investment Corporation will post 2.16 EPS for the current fiscal year.

Fidus Investment Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 15th will be paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 8.7%. The ex-dividend date of this dividend is Tuesday, September 15th. Fidus Investment's dividend payout ratio (DPR) is presently 82.30%.

About Fidus Investment

Fidus Investment Corporation NASDAQ: FDUS is a closed-end, externally managed business development company (BDC) that provides specialized financing solutions to U.S. middle-market companies. Operated by Fidus Investment Advisors, LLC, a registered investment adviser, the company is regulated under the Investment Company Act of 1940 and trades on the Nasdaq Capital Market.

The firm focuses on structuring senior secured and unitranche loans, mezzanine debt and equity investments for established businesses across a range of industries.

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