Hexagon Capital Partners LLC Sells 28,444 Shares of Fidus Investment Corporation (NASDAQ:FDUS)

Hexagon Capital Partners LLC cut its stake in Fidus Investment Corporation (NASDAQ:FDUS - Free Report) by 88.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,615 shares of the asset manager's stock after selling 28,444 shares during the period. Hexagon Capital Partners LLC's holdings in Fidus Investment were worth $74,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of FDUS. ORG Partners LLC acquired a new position in Fidus Investment during the first quarter worth about $29,000. Transce3nd LLC acquired a new position in shares of Fidus Investment during the fourth quarter worth $32,000. Millstone Evans Group LLC bought a new position in shares of Fidus Investment in the 4th quarter valued at $77,000. Blair William & Co. IL acquired a new stake in shares of Fidus Investment during the 4th quarter valued at $208,000. Finally, Wealth Enhancement Advisory Services LLC grew its position in Fidus Investment by 8.2% during the 4th 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. 28.14% of the stock is currently owned by institutional investors.

Fidus Investment Stock Up 0.4%

FDUS stock traded up $0.08 during trading on Monday, reaching $20.86. The stock had a trading volume of 205,832 shares, compared to its average volume of 210,107. The company has a market capitalization of $724.47 million, a price-to-earnings ratio of 8.91 and a beta of 0.92. The company's 50 day moving average is $19.93 and its two-hundred day moving average is $20.68. Fidus Investment Corporation has a one year low of $16.70 and a one year high of $23.55.

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 for the quarter, topping the consensus estimate 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 return on equity of 11.48% and a net margin of 52.59%. As a group, research analysts predict that Fidus Investment Corporation will post 2.28 earnings per share for the current fiscal year.

Fidus Investment Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 25th. Investors of record on Friday, June 13th were given a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 10.35%. The ex-dividend date of this dividend was Friday, June 13th. Fidus Investment's payout ratio is presently 73.50%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on FDUS shares. 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. Keefe, Bruyette & Woods lowered their price objective on Fidus Investment from $21.00 to $20.00 and set a "market perform" rating for the company in a research report on Tuesday, April 8th. Finally, B. Riley began coverage on shares of Fidus Investment in a research report on Tuesday, May 13th. They issued a "buy" rating and a $22.00 price target on the stock.

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.