Trexquant Investment LP Cuts Position in Fidus Investment Corporation $FDUS

Key Points

• Trexquant Investment LP has reduced its stake in Fidus Investment Corporation (NASDAQ:FDUS) by 41.8%, now holding approximately 0.14%, valued at $997,000.
• Fidus Investment recently increased its quarterly dividend to $0.57 per share, resulting in an annualized yield of 10.7%, which is significantly higher compared to the previous dividend of $0.11.
• The company's quarterly earnings exceeded expectations, reporting $0.57 earnings per share against an estimate of $0.53, with revenue reaching $39.97 million.

Trexquant Investment LP decreased its position in shares of Fidus Investment Corporation (NASDAQ:FDUS - Free Report) by 41.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 48,890 shares of the asset manager's stock after selling 35,137 shares during the quarter. Trexquant Investment LP owned approximately 0.14% of Fidus Investment worth $997,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. ORG Partners LLC acquired a new position in shares of Fidus Investment during the 1st quarter valued at about $29,000. Quantbot Technologies LP purchased a new stake in Fidus Investment in the 1st quarter valued at about $200,000. Private Advisor Group LLC raised its holdings in Fidus Investment by 17.9% in the 1st quarter. Private Advisor Group LLC now owns 11,411 shares of the asset manager's stock valued at $233,000 after buying an additional 1,732 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in Fidus Investment by 8.2% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 13,267 shares of the asset manager's stock valued at $279,000 after buying an additional 1,000 shares during the period. Finally, Eagle Global Advisors LLC raised its holdings in Fidus Investment by 36.2% in the 1st quarter. Eagle Global Advisors LLC now owns 14,310 shares of the asset manager's stock valued at $292,000 after buying an additional 3,800 shares during the period. Institutional investors and hedge funds own 28.14% of the company's stock.

Fidus Investment Stock Up 0.2%

NASDAQ:FDUS traded up $0.05 on Friday, reaching $21.56. 32,093 shares of the company's stock were exchanged, compared to its average volume of 197,187. The firm has a market capitalization of $762.79 million, a price-to-earnings ratio of 9.33 and a beta of 0.90. The business has a fifty day moving average of $21.24 and a 200-day moving average of $20.47. Fidus Investment Corporation has a 52-week low of $16.70 and a 52-week high of $23.55.

Fidus Investment (NASDAQ:FDUS - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The asset manager reported $0.57 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 51.88% and a return on equity of 11.52%. As a group, equities analysts anticipate that Fidus Investment Corporation will post 2.28 earnings per share for the current year.

Fidus Investment Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Thursday, September 18th will be paid a dividend of $0.57 per share. The ex-dividend date is Thursday, September 18th. This is a positive change from Fidus Investment's previous quarterly dividend of $0.11. This represents a $2.28 dividend on an annualized basis and a dividend yield of 10.6%. Fidus Investment's payout ratio is currently 74.46%.

Analyst Ratings Changes

FDUS has been the topic of several research analyst reports. Keefe, Bruyette & Woods boosted their price objective on shares of Fidus Investment from $20.00 to $21.50 and gave the company a "market perform" rating in a report on Monday, August 11th. B. Riley lowered shares of Fidus Investment from a "buy" rating to a "neutral" rating and boosted their price objective for the company from $22.00 to $22.50 in a report on Wednesday, August 13th. Finally, LADENBURG THALM/SH SH upgraded shares of Fidus Investment to a "strong-buy" rating in a report on Wednesday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, Fidus Investment presently has a consensus rating of "Moderate Buy" and a consensus target price of $22.00.

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.