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.
Get Our Latest Analysis on Fidus Investment
Fidus Investment Company Profile
(
Free Report)
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.
See Also
Want to see what other hedge funds are holding FDUS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fidus Investment Corporation (NASDAQ:FDUS - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider Fidus Investment, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Fidus Investment wasn't on the list.
While Fidus Investment currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy is entering a new growth cycle as rising power demand, expanding data centers, and renewed policy support bring the sector back into focus. After strong gains in recent years, the most impactful phase of nuclear investment may still be ahead.
This report highlights seven nuclear energy stocks positioned across the value chain—combining near-term revenue with long-term upside as next-generation technologies scale. Click the link below to unlock the full list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
