Two Sigma Advisers LP Sells 127,400 Shares of Fidus Investment Co. (NASDAQ:FDUS)

Two Sigma Advisers LP reduced its holdings in Fidus Investment Co. (NASDAQ:FDUS - Free Report) by 36.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 219,713 shares of the asset manager's stock after selling 127,400 shares during the quarter. Two Sigma Advisers LP owned 0.65% of Fidus Investment worth $4,618,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. Transce3nd LLC bought a new position in shares of Fidus Investment during the 4th quarter valued at about $32,000. Promus Capital LLC purchased a new position in Fidus Investment during the 4th quarter valued at about $43,000. Millstone Evans Group LLC acquired a new position in Fidus Investment in the 4th quarter valued at approximately $77,000. Private Advisor Group LLC purchased a new stake in shares of Fidus Investment during the fourth quarter worth $203,000. Finally, Blair William & Co. IL purchased a new stake in shares of Fidus Investment during the 4th quarter worth about $208,000. 28.14% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Keefe, Bruyette & Woods decreased their price objective on shares of Fidus Investment from $21.00 to $20.00 and set a "market perform" rating for the company in a report on Tuesday, April 8th. B. Riley assumed 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 for the company. Finally, LADENBURG THALM/SH SH raised Fidus Investment from a "hold" rating to a "strong-buy" rating in a research report on Friday, May 9th.

Fidus Investment Price Performance

Shares of FDUS traded down $0.03 during trading hours on Friday, hitting $20.55. The stock had a trading volume of 43,510 shares, compared to its average volume of 209,236. The stock has a market capitalization of $713.57 million, a price-to-earnings ratio of 7.32 and a beta of 0.92. The company's fifty day moving average is $19.34 and its two-hundred day moving average is $20.82. Fidus Investment Co. 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, May 8th. The asset manager reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.01. Fidus Investment had a net margin of 60.09% and a return on equity of 12.11%. The business had revenue of $36.50 million for the quarter, compared to the consensus estimate of $35.61 million. Equities analysts predict that Fidus Investment Co. will post 2.28 EPS for the current fiscal year.

Fidus Investment Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Friday, June 13th will be issued a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 10.51%. The ex-dividend date is Friday, June 13th. Fidus Investment's dividend payout ratio (DPR) is 73.50%.

Fidus Investment 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.