Columbus Macro LLC Acquires 20,727 Shares of Fidus Investment Co. (NASDAQ:FDUS)

Columbus Macro LLC grew its holdings in Fidus Investment Co. (NASDAQ:FDUS - Free Report) by 7.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 287,622 shares of the asset manager's stock after acquiring an additional 20,727 shares during the quarter. Columbus Macro LLC owned 0.83% of Fidus Investment worth $5,865,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of FDUS. Van ECK Associates Corp raised its stake in Fidus Investment by 1.2% during the 4th quarter. Van ECK Associates Corp now owns 819,011 shares of the asset manager's stock valued at $17,215,000 after purchasing an additional 9,600 shares during the last quarter. Truist Financial Corp increased its holdings in shares of Fidus Investment by 2.7% during the 4th quarter. Truist Financial Corp now owns 47,820 shares of the asset manager's stock worth $1,005,000 after purchasing an additional 1,261 shares during the period. D.A. Davidson & CO. raised its position in shares of Fidus Investment by 16.7% during the fourth quarter. D.A. Davidson & CO. now owns 31,383 shares of the asset manager's stock valued at $660,000 after buying an additional 4,485 shares during the last quarter. Plan Group Financial LLC acquired a new position in shares of Fidus Investment during the fourth quarter valued at about $334,000. Finally, Private Advisor Group LLC bought a new stake in shares of Fidus Investment in the fourth quarter valued at about $203,000. 28.14% of the stock is owned by institutional investors.

Analysts Set New Price Targets

FDUS has been the topic of several research reports. Keefe, Bruyette & Woods lowered their price target on Fidus Investment from $21.00 to $20.00 and set a "market perform" rating on the stock in a research note on Tuesday, April 8th. LADENBURG THALM/SH SH raised Fidus Investment from a "hold" rating to a "strong-buy" rating in a report on Friday, May 9th. Finally, B. Riley assumed coverage on Fidus Investment in a research report on Tuesday, May 13th. They set a "buy" rating and a $22.00 price objective on the stock.

Fidus Investment Stock Performance

NASDAQ:FDUS opened at $19.54 on Monday. The company has a 50-day moving average of $19.43 and a 200-day moving average of $20.78. Fidus Investment Co. has a 52 week low of $16.70 and a 52 week high of $23.55. The company has a market capitalization of $678.66 million, a price-to-earnings ratio of 6.98 and a beta of 0.93.

Fidus Investment (NASDAQ:FDUS - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The asset manager reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.01. The firm had revenue of $36.50 million during the quarter, compared to analyst estimates of $35.61 million. Fidus Investment had a net margin of 60.09% and a return on equity of 12.11%. Sell-side analysts forecast that Fidus Investment Co. will post 2.28 EPS for the current year.

Fidus Investment Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 25th. Investors of record on Friday, June 13th will be given a dividend of $0.54 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $2.16 annualized dividend and a dividend yield of 11.05%. Fidus Investment's dividend payout ratio (DPR) is presently 73.50%.

Fidus Investment Profile

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.

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