Cetera Investment Advisers Increases Stock Position in Fidus Investment Corporation (NASDAQ:FDUS)

Key Points

• Cetera Investment Advisers has increased its holdings in Fidus Investment Corporation by 10.6%, now owning 335,498 shares valued at approximately $6.84 million.
• Fidus Investment recently reported earnings per share (EPS) of $0.54, exceeding analysts' estimates, and has a current annualized dividend yield of 10.5%.
• Analysts have varied ratings on Fidus, with LADENBURG THALM/SH SH upgrading the stock to "strong-buy" while B. Riley has set a target price of $22.00.

Cetera Investment Advisers lifted its position in Fidus Investment Corporation (NASDAQ:FDUS - Free Report) by 10.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 335,498 shares of the asset manager's stock after purchasing an additional 32,077 shares during the quarter. Cetera Investment Advisers owned about 0.97% of Fidus Investment worth $6,841,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. ORG Partners LLC acquired a new position in shares of Fidus Investment during the 1st quarter worth approximately $29,000. Transce3nd LLC purchased a new stake in shares of Fidus Investment during the fourth quarter worth approximately $32,000. Blair William & Co. IL acquired a new stake in Fidus Investment during the 4th quarter worth $208,000. Private Advisor Group LLC raised its position in shares of Fidus Investment by 17.9% in the first quarter. Private Advisor Group LLC now owns 11,411 shares of the asset manager's stock valued at $233,000 after buying an additional 1,732 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its position in Fidus Investment by 8.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 13,267 shares of the asset manager's stock worth $279,000 after acquiring an additional 1,000 shares during the last quarter. Hedge funds and other institutional investors own 28.14% of the company's stock.

Fidus Investment Stock Up 0.2%

NASDAQ FDUS traded up $0.04 during trading on Tuesday, hitting $20.63. The stock had a trading volume of 44,117 shares, compared to its average volume of 199,549. Fidus Investment Corporation has a twelve month low of $16.70 and a twelve month high of $23.55. The firm has a 50 day moving average price of $20.61 and a 200 day moving average price of $20.70. The company has a market capitalization of $716.56 million, a PE ratio of 8.84 and a beta of 0.95.

Fidus Investment (NASDAQ:FDUS - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The asset manager reported $0.54 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.53 by $0.01. The company had revenue of $36.50 million during the quarter, compared to the consensus estimate of $35.61 million. Fidus Investment had a net margin of 52.59% and a return on equity of 11.48%. On average, sell-side analysts anticipate that Fidus Investment Corporation will post 2.28 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Keefe, Bruyette & Woods dropped their target price on Fidus Investment from $21.00 to $20.00 and set a "market perform" rating for the company in a report on Tuesday, April 8th. LADENBURG THALM/SH SH upgraded shares of Fidus Investment from a "hold" rating to a "strong-buy" rating in a report on Friday, May 9th. Finally, B. Riley initiated coverage on Fidus Investment in a report on Tuesday, May 13th. They set a "buy" rating and a $22.00 price target for the company.

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.