Fidus Investment Corporation (NASDAQ:FDUS) Shares Bought by Plan Group Financial LLC

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

Several other hedge funds have also recently made changes to their positions in FDUS. Raymond James Financial Inc. purchased a new stake in Fidus Investment during the fourth quarter valued at $20,539,000. Cetera Investment Advisers increased its stake in Fidus Investment by 10.6% in the 1st quarter. Cetera Investment Advisers now owns 335,498 shares of the asset manager's stock worth $6,841,000 after buying an additional 32,077 shares during the period. Envestnet Asset Management Inc. increased its position in Fidus Investment by 7.8% during the 1st quarter. Envestnet Asset Management Inc. now owns 324,277 shares of the asset manager's stock valued at $6,612,000 after purchasing an additional 23,478 shares during the period. Columbus Macro LLC boosted its holdings in shares of Fidus Investment by 7.8% in the 1st quarter. Columbus Macro LLC now owns 287,622 shares of the asset manager's stock valued at $5,865,000 after buying an additional 20,727 shares in the last quarter. Finally, Baird Financial Group Inc. bought a new stake in shares of Fidus Investment in the 4th quarter valued at about $4,072,000. 28.14% of the stock is owned by hedge funds and other institutional investors.

Fidus Investment Trading Down 1.1%

FDUS traded down $0.22 on Thursday, hitting $20.53. 154,015 shares of the company's stock were exchanged, compared to its average volume of 121,016. The firm has a 50-day moving average price of $20.62 and a 200-day moving average price of $20.70. The stock has a market cap of $713.01 million, a price-to-earnings ratio of 8.77 and a beta of 0.95. Fidus Investment Corporation has a fifty-two week low of $16.70 and a fifty-two week high of $23.55.

Fidus Investment (NASDAQ:FDUS - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The asset manager reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.04. Fidus Investment had a net margin of 52.59% and a return on equity of 11.48%. On average, equities analysts predict that Fidus Investment Corporation will post 2.28 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have commented on FDUS. B. Riley initiated coverage on shares of Fidus Investment in a research note on Tuesday, May 13th. They set a "buy" rating and a $22.00 price objective for the company. LADENBURG THALM/SH SH raised shares of Fidus Investment from a "hold" rating to a "strong-buy" rating in a report on Friday, May 9th.

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.