Columbus Macro LLC Purchases 34,921 Shares of Fidus Investment Corporation $FDUS

Key Points

• Columbus Macro LLC has increased its holdings in Fidus Investment Corporation by 12.1%, acquiring an additional 34,921 shares, bringing its total ownership to 322,543 shares valued at approximately $6.5 million.
• Fidus Investment announced a quarterly dividend of $0.57 per share, reflecting an increase from a previous $0.11 payment, with an annualized yield of 11.5%.
• The company reported a quarterly earnings per share (EPS) of $0.57, exceeding analysts' estimates, and has a forecasted EPS of 2.28 for the current fiscal year.

Columbus Macro LLC grew its position in Fidus Investment Corporation (NASDAQ:FDUS - Free Report) by 12.1% in the second quarter, according to its most recent filing with the SEC. The fund owned 322,543 shares of the asset manager's stock after acquiring an additional 34,921 shares during the period. Columbus Macro LLC owned 0.93% of Fidus Investment worth $6,515,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the company. GraniteShares Advisors LLC lifted its stake in shares of Fidus Investment by 6.7% in the 2nd quarter. GraniteShares Advisors LLC now owns 132,532 shares of the asset manager's stock valued at $2,677,000 after acquiring an additional 8,283 shares during the last quarter. Eagle Global Advisors LLC lifted its stake in shares of Fidus Investment by 56.0% in the 2nd quarter. Eagle Global Advisors LLC now owns 22,325 shares of the asset manager's stock valued at $451,000 after acquiring an additional 8,015 shares during the last quarter. Riverbridge Partners LLC lifted its stake in shares of Fidus Investment by 3.9% in the 2nd quarter. Riverbridge Partners LLC now owns 38,975 shares of the asset manager's stock valued at $787,000 after acquiring an additional 1,470 shares during the last quarter. Golden State Equity Partners bought a new position in shares of Fidus Investment in the 2nd quarter valued at $318,000. Finally, AdvisorNet Financial Inc lifted its stake in shares of Fidus Investment by 137.4% in the 2nd quarter. AdvisorNet Financial Inc now owns 1,728 shares of the asset manager's stock valued at $35,000 after acquiring an additional 1,000 shares during the last quarter. 28.14% of the stock is currently owned by institutional investors.

Fidus Investment Trading Down 0.4%

Shares of Fidus Investment stock opened at $19.91 on Thursday. The business has a 50-day moving average price of $20.96 and a two-hundred day moving average price of $20.30. Fidus Investment Corporation has a 1-year low of $16.70 and a 1-year high of $23.55. The company has a market cap of $704.42 million, a P/E ratio of 8.62 and a beta of 0.88.

Fidus Investment (NASDAQ:FDUS - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The asset manager reported $0.57 earnings per share for the quarter, topping analysts' consensus estimates of $0.53 by $0.04. Fidus Investment had a return on equity of 11.52% and a net margin of 51.88%.The firm had revenue of $39.97 million during the quarter, compared to the consensus estimate of $37.42 million. Equities research analysts forecast that Fidus Investment Corporation will post 2.28 EPS for the current fiscal year.

Fidus Investment Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Shareholders of record on Thursday, September 18th were issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 11.5%. The ex-dividend date was Thursday, September 18th. This is an increase from Fidus Investment's previous quarterly dividend of $0.11. Fidus Investment's dividend payout ratio (DPR) is 74.46%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on FDUS shares. LADENBURG THALM/SH SH upgraded Fidus Investment to a "strong-buy" rating in a research note on Wednesday, August 13th. Weiss Ratings restated a "buy (b)" rating on shares of Fidus Investment in a report on Saturday, September 27th. B. Riley downgraded Fidus Investment from a "buy" rating to a "neutral" rating and increased their price objective for the company from $22.00 to $22.50 in a report on Wednesday, August 13th. Finally, Keefe, Bruyette & Woods upgraded Fidus Investment from a "market perform" rating to an "outperform" rating and set a $21.50 price objective for the company in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $22.00.

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.

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