Mackenzie Financial Corp Buys New Position in Fidus Investment Corporation (NASDAQ:FDUS)

Mackenzie Financial Corp purchased a new position in Fidus Investment Corporation (NASDAQ:FDUS - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 19,710 shares of the asset manager's stock, valued at approximately $402,000. Mackenzie Financial Corp owned approximately 0.06% of Fidus Investment as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the business. LPL Financial LLC raised its position in shares of Fidus Investment by 3.4% in the 4th quarter. LPL Financial LLC now owns 79,515 shares of the asset manager's stock valued at $1,671,000 after purchasing an additional 2,603 shares during the last quarter. Franklin Resources Inc. raised its holdings in shares of Fidus Investment by 5.9% in the fourth quarter. Franklin Resources Inc. now owns 123,301 shares of the asset manager's stock worth $2,592,000 after buying an additional 6,829 shares during the last quarter. Wells Fargo & Company MN raised its holdings in shares of Fidus Investment by 32.6% in the fourth quarter. Wells Fargo & Company MN now owns 18,309 shares of the asset manager's stock worth $385,000 after buying an additional 4,500 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of Fidus Investment by 20.2% during the fourth quarter. Envestnet Asset Management Inc. now owns 300,799 shares of the asset manager's stock worth $6,323,000 after buying an additional 50,447 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in shares of Fidus Investment during the fourth quarter valued at $20,539,000. Institutional investors and hedge funds own 28.14% of the company's stock.

Analysts Set New Price Targets

FDUS has been the subject of a number of research analyst reports. B. Riley began coverage on Fidus Investment in a research note on Tuesday, May 13th. They issued a "buy" rating and a $22.00 target price for the company. LADENBURG THALM/SH SH upgraded Fidus Investment from a "hold" rating to a "strong-buy" rating in a research note on Friday, May 9th.

Fidus Investment Price Performance

FDUS stock opened at $20.53 on Friday. The company has a market capitalization of $713.01 million, a P/E ratio of 8.77 and a beta of 0.95. Fidus Investment Corporation has a 12 month low of $16.70 and a 12 month high of $23.55. The firm's fifty day simple moving average is $20.62 and its 200-day simple moving average is $20.70.

Fidus Investment (NASDAQ:FDUS - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The asset manager reported $0.57 EPS for the quarter, beating the consensus estimate of $0.53 by $0.04. The company had revenue of $39.97 million for the quarter, compared to analyst estimates of $37.42 million. Fidus Investment had a net margin of 52.59% and a return on equity of 11.48%. As a group, sell-side analysts forecast that Fidus Investment Corporation will post 2.28 earnings per share for the current year.

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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