Beacon Pointe Advisors LLC Takes Position in Fidus Investment Corporation $FDUS

Key Points

• Beacon Pointe Advisors purchased 111,853 shares of Fidus Investment, valued at approximately $2.13 million, establishing a stake of about 0.29%. Hedge funds and institutional investors collectively own 28.14% of FDUS.
• Fidus Investment reported quarterly EPS of $0.50, matching analyst estimates, though revenue of $32.55 million fell short of the $42.37 million consensus forecast. Shares recently traded at $19.70, within a 52-week range of $16.86 to $21.67.
• The company declared a quarterly dividend of $0.43, equivalent to an annualized $1.72 payout and an 8.7% yield. Analysts maintain a consensus “Hold” rating with an average price target of $19.50.

Beacon Pointe Advisors LLC purchased a new stake in Fidus Investment Corporation (NASDAQ:FDUS - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The firm purchased 111,853 shares of the asset manager's stock, valued at approximately $2,133,000. Beacon Pointe Advisors LLC owned approximately 0.29% of Fidus Investment at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of FDUS. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Fidus Investment during the first quarter worth approximately $270,000. Jane Street Group LLC purchased a new position in Fidus Investment in the 1st quarter valued at $475,000. Invesco Ltd. boosted its stake in Fidus Investment by 2.2% during the 2nd quarter. Invesco Ltd. now owns 446,703 shares of the asset manager's stock worth $9,023,000 after purchasing an additional 9,637 shares during the last quarter. Qube Research & Technologies Ltd boosted its stake in Fidus Investment by 39.8% during the 2nd quarter. Qube Research & Technologies Ltd now owns 64,929 shares of the asset manager's stock worth $1,312,000 after purchasing an additional 18,489 shares during the last quarter. Finally, Quantinno Capital Management LP purchased a new stake in shares of Fidus Investment during the second quarter worth $549,000. 28.14% of the stock is owned by hedge funds and other institutional investors.

Fidus Investment Stock Performance

FDUS opened at $19.70 on Friday. Fidus Investment Corporation has a one year low of $16.86 and a one year high of $21.67. The stock has a market capitalization of $747.62 million, a PE ratio of 9.43 and a beta of 0.67. The business's 50 day moving average price is $19.67 and its 200 day moving average price is $18.83.

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

Fidus Investment Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 15th will be issued a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 8.7%. The ex-dividend date is Tuesday, September 15th. Fidus Investment's dividend payout ratio is currently 82.30%.

Analyst Upgrades and Downgrades

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

Fidus Investment Company Profile

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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