D.A. Davidson & CO. Has $1.58 Million Stock Holdings in Fidus Investment Corporation $FDUS

Key Points

• D.A. Davidson cut its stake in Fidus Investment by 47.4% in Q4, selling 73,881 shares and ending the quarter with 81,870 shares worth about $1.58 million (≈0.22% of the company).
• Fidus pays a sizable quarterly dividend of $0.43 (annualized yield ~9.0%, DPR 73.5%), and its latest quarter showed an EPS beat ($0.52 vs. $0.48) despite revenue coming in below expectations; market cap is ~$728.6M with a P/E of 8.21.
• Several institutional investors increased positions (notably Muzinich +40.3% and Columbus Macro +21%), institutional ownership is 28.14%, and analysts have an average rating of "Moderate Buy" with a $21 target.

D.A. Davidson & CO. lowered its stake in shares of Fidus Investment Corporation (NASDAQ:FDUS - Free Report) by 47.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 81,870 shares of the asset manager's stock after selling 73,881 shares during the period. D.A. Davidson & CO. owned approximately 0.22% of Fidus Investment worth $1,580,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in FDUS. Muzinich & Co. Inc. boosted its stake in Fidus Investment by 40.3% during the 4th quarter. Muzinich & Co. Inc. now owns 347,114 shares of the asset manager's stock valued at $6,699,000 after purchasing an additional 99,671 shares during the last quarter. Columbus Macro LLC boosted its stake in Fidus Investment by 21.0% during the 4th quarter. Columbus Macro LLC now owns 485,780 shares of the asset manager's stock valued at $9,376,000 after purchasing an additional 84,320 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in Fidus Investment by 22.4% during the 3rd quarter. Envestnet Asset Management Inc. now owns 439,915 shares of the asset manager's stock valued at $8,913,000 after purchasing an additional 80,500 shares during the last quarter. UBS Group AG boosted its stake in Fidus Investment by 25.9% during the 3rd quarter. UBS Group AG now owns 375,736 shares of the asset manager's stock valued at $7,612,000 after purchasing an additional 77,346 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. boosted its stake in Fidus Investment by 37.2% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 209,241 shares of the asset manager's stock valued at $4,239,000 after purchasing an additional 56,778 shares during the last quarter. Institutional investors and hedge funds own 28.14% of the company's stock.

Fidus Investment Stock Up 1.2%

Fidus Investment stock opened at $19.20 on Friday. Fidus Investment Corporation has a 52 week low of $16.86 and a 52 week high of $22.09. The company's 50 day moving average price is $18.06 and its two-hundred day moving average price is $19.10. The stock has a market cap of $728.64 million, a P/E ratio of 8.21 and a beta of 0.69.

Fidus Investment (NASDAQ:FDUS - Get Free Report) last posted its earnings results on Thursday, February 26th. The asset manager reported $0.52 EPS for the quarter, topping the consensus estimate of $0.48 by $0.04. Fidus Investment had a net margin of 52.87% and a return on equity of 10.71%. The firm had revenue of $32.73 million for the quarter, compared to analysts' expectations of $39.46 million. On average, equities analysts anticipate that Fidus Investment Corporation will post 2.02 EPS for the current year.

Fidus Investment Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 30th. Shareholders of record on Friday, March 20th were given a dividend of $0.43 per share. The ex-dividend date of this dividend was Friday, March 20th. This represents a $1.72 annualized dividend and a dividend yield of 9.0%. Fidus Investment's dividend payout ratio (DPR) is currently 73.50%.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods cut their price target on Fidus Investment from $20.00 to $19.50 and set an "outperform" rating for the company in a research note on Thursday, April 16th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $21.00.

About Fidus Investment

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.

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