MQS Management LLC Takes Position in Fidus Investment Corporation (NASDAQ:FDUS)

MQS Management LLC acquired a new stake in Fidus Investment Corporation (NASDAQ:FDUS - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 45,889 shares of the asset manager's stock, valued at approximately $936,000. Fidus Investment makes up approximately 0.5% of MQS Management LLC's holdings, making the stock its 16th biggest position. MQS Management LLC owned 0.13% of Fidus Investment as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the business. ORG Partners LLC acquired a new stake in shares of Fidus Investment in the 1st quarter valued at approximately $29,000. Transce3nd LLC acquired a new stake in shares of Fidus Investment during the fourth quarter worth $32,000. Millstone Evans Group LLC acquired a new stake in shares of Fidus Investment during the fourth quarter worth $77,000. Blair William & Co. IL acquired a new position in shares of Fidus Investment during the fourth quarter worth about $208,000. Finally, Wealth Enhancement Advisory Services LLC boosted its position in shares of Fidus Investment by 8.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 13,267 shares of the asset manager's stock worth $279,000 after buying an additional 1,000 shares during the period. Institutional investors and hedge funds own 28.14% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. LADENBURG THALM/SH SH raised Fidus Investment from a "hold" rating to a "strong-buy" rating in a research report on Friday, May 9th. Keefe, Bruyette & Woods lowered their price objective 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. Finally, B. Riley began coverage on shares of Fidus Investment in a report on Tuesday, May 13th. They issued a "buy" rating and a $22.00 price objective on the stock.

Fidus Investment Stock Up 0.5%

Shares of NASDAQ:FDUS traded up $0.12 during midday trading on Monday, hitting $21.33. The stock had a trading volume of 56,394 shares, compared to its average volume of 209,135. Fidus Investment Corporation has a 12 month low of $16.70 and a 12 month high of $23.55. The business's 50-day simple moving average is $20.13 and its 200-day simple moving average is $20.69. The company has a market cap of $740.66 million, a P/E ratio of 9.12 and a beta of 0.92.

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

Fidus Investment Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 25th. Stockholders of record on Friday, June 13th were given a $0.54 dividend. The ex-dividend date of this dividend was Friday, June 13th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 10.13%. Fidus Investment's payout ratio is presently 73.50%.

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.