Plan Group Financial LLC Has $731,000 Position in Fidus Investment Corporation (NASDAQ:FDUS)

Key Points

• Plan Group Financial LLC significantly boosted its stake in Fidus Investment Corporation by 125.8%, acquiring a total of 35,839 shares worth approximately $731,000.
• Brokerages have issued mixed ratings for Fidus Investment, with Keefe, Bruyette & Woods lowering their price target from $21.00 to $20.00 while B. Riley set a new buy rating with a price target of $22.00.
• Fidus Investment reported earnings per share of $0.54 for the last quarter, exceeding analysts' estimates, with average analyst expectations projecting 2.28 EPS for the current year.

Plan Group Financial LLC increased its stake in shares of Fidus Investment Corporation (NASDAQ:FDUS - Free Report) by 125.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 35,839 shares of the asset manager's stock after purchasing an additional 19,964 shares during the quarter. Plan Group Financial LLC owned approximately 0.10% of Fidus Investment worth $731,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Raymond James Financial Inc. bought a new position in Fidus Investment during the fourth quarter valued at approximately $20,539,000. Baird Financial Group Inc. bought a new position in Fidus Investment during the fourth quarter valued at approximately $4,072,000. Envestnet Asset Management Inc. raised its position in Fidus Investment by 20.2% during the fourth quarter. Envestnet Asset Management Inc. now owns 300,799 shares of the asset manager's stock valued at $6,323,000 after acquiring an additional 50,447 shares in the last quarter. Cetera Investment Advisers raised its position in Fidus Investment by 18.8% during the fourth quarter. Cetera Investment Advisers now owns 303,421 shares of the asset manager's stock valued at $6,378,000 after acquiring an additional 48,034 shares in the last quarter. Finally, MQS Management LLC bought a new position in Fidus Investment during the first quarter valued at approximately $936,000. 28.14% of the stock is currently owned by institutional investors and hedge funds.

Fidus Investment Stock Up 4.1%

Shares of NASDAQ:FDUS traded up $0.84 during trading on Friday, reaching $21.37. The stock had a trading volume of 417,255 shares, compared to its average volume of 123,661. Fidus Investment Corporation has a 52 week low of $16.70 and a 52 week high of $23.55. The firm has a market capitalization of $742.18 million, a price-to-earnings ratio of 9.25 and a beta of 0.95. The stock has a fifty day simple moving average of $20.64 and a two-hundred day simple moving average of $20.69.

Fidus Investment (NASDAQ:FDUS - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The asset manager reported $0.57 EPS for the quarter, beating analysts' consensus estimates of $0.53 by $0.04. Fidus Investment had a net margin of 51.88% and a return on equity of 11.64%. The company had revenue of $39.97 million for the quarter, compared to analyst estimates of $37.42 million. On average, analysts forecast that Fidus Investment Corporation will post 2.28 EPS for the current year.

Fidus Investment Increases Dividend

The firm also recently declared a -- dividend, which will be paid on Thursday, September 25th. Shareholders of record on Thursday, September 18th will be paid a dividend of $0.57 per share. This is an increase from Fidus Investment's previous -- dividend of $0.11. This represents a yield of 800.0%. The ex-dividend date is Thursday, September 18th. Fidus Investment's dividend payout ratio is presently 73.50%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on FDUS shares. LADENBURG THALM/SH SH raised shares of Fidus Investment from a "hold" rating to a "strong-buy" rating in a research report on Friday, May 9th. B. Riley began coverage on shares of Fidus Investment in a research report on Tuesday, May 13th. They set a "buy" rating and a $22.00 price objective 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.