Fidus Investment Corporation (NASDAQ:FDUS) Shares Acquired by Columbus Macro LLC

Columbus Macro LLC raised its holdings in shares of Fidus Investment Corporation (NASDAQ:FDUS - Free Report) by 7.8% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 287,622 shares of the asset manager's stock after purchasing an additional 20,727 shares during the quarter. Columbus Macro LLC owned 0.83% of Fidus Investment worth $5,865,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Transce3nd LLC bought a new stake in Fidus Investment in the fourth quarter valued at about $32,000. Promus Capital LLC bought a new stake in shares of Fidus Investment in the 4th quarter valued at approximately $43,000. Millstone Evans Group LLC bought a new stake in shares of Fidus Investment in the 4th quarter valued at approximately $77,000. Private Advisor Group LLC acquired a new stake in shares of Fidus Investment during the 4th quarter valued at approximately $203,000. Finally, Blair William & Co. IL bought a new position in Fidus Investment during the fourth quarter worth $208,000. 28.14% of the stock is currently owned by hedge funds and other institutional investors.

Fidus Investment Price Performance

NASDAQ:FDUS traded up $0.27 during midday trading on Thursday, reaching $20.03. 153,013 shares of the company traded hands, compared to its average volume of 207,524. Fidus Investment Corporation has a twelve month low of $16.70 and a twelve month high of $23.55. The company has a fifty day moving average price of $19.52 and a 200 day moving average price of $20.76. The firm has a market capitalization of $695.64 million, a price-to-earnings ratio of 8.56 and a beta of 0.93.

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

Fidus Investment Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Friday, June 13th will be given a dividend of $0.54 per share. The ex-dividend date is Friday, June 13th. This represents a $2.16 annualized dividend and a dividend yield of 10.78%. Fidus Investment's dividend payout ratio is presently 73.50%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on FDUS. Keefe, Bruyette & Woods dropped their target price on shares of Fidus Investment from $21.00 to $20.00 and set a "market perform" rating on the stock in a report on Tuesday, April 8th. B. Riley assumed coverage on shares of Fidus Investment in a research report on Tuesday, May 13th. They set a "buy" rating and a $22.00 price objective for the company. Finally, LADENBURG THALM/SH SH upgraded shares of Fidus Investment from a "hold" rating to a "strong-buy" rating in a research note on Friday, May 9th.

Fidus Investment Company 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.