Two Sigma Investments LP Has $4.52 Million Holdings in Fidus Investment Co. (NASDAQ:FDUS)

Two Sigma Investments LP lessened its holdings in Fidus Investment Co. (NASDAQ:FDUS - Free Report) by 32.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 214,905 shares of the asset manager's stock after selling 101,353 shares during the quarter. Two Sigma Investments LP owned approximately 0.63% of Fidus Investment worth $4,517,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Transce3nd LLC bought a new stake in shares of Fidus Investment in the fourth quarter worth $32,000. Promus Capital LLC acquired a new position in Fidus Investment during the 4th quarter worth about $43,000. Millstone Evans Group LLC bought a new stake in shares of Fidus Investment in the 4th quarter valued at about $77,000. Private Advisor Group LLC acquired a new stake in shares of Fidus Investment in the fourth quarter valued at about $203,000. Finally, Blair William & Co. IL acquired a new stake in shares of Fidus Investment in the fourth quarter valued at about $208,000. 28.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently commented on FDUS. B. Riley assumed coverage on Fidus Investment in a report on Tuesday, May 13th. They issued a "buy" rating and a $22.00 target price on the stock. Keefe, Bruyette & Woods reduced 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 research note on Tuesday, April 8th. Finally, LADENBURG THALM/SH SH raised shares of Fidus Investment from a "hold" rating to a "strong-buy" rating in a research note on Friday, May 9th.

Fidus Investment Price Performance

Shares of Fidus Investment stock traded down $0.17 on Friday, hitting $20.40. 179,925 shares of the company's stock traded hands, compared to its average volume of 208,791. The company has a market capitalization of $708.53 million, a price-to-earnings ratio of 7.29 and a beta of 0.92. The company has a fifty day moving average of $19.33 and a two-hundred day moving average of $20.82. Fidus Investment Co. has a one year low of $16.70 and a one year high of $23.55.

Fidus Investment (NASDAQ:FDUS - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The asset manager reported $0.54 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.53 by $0.01. The firm had revenue of $36.50 million for the quarter, compared to analysts' expectations of $35.61 million. Fidus Investment had a return on equity of 12.11% and a net margin of 60.09%. Equities research analysts anticipate that Fidus Investment Co. will post 2.28 earnings per share for the current year.

Fidus Investment Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Friday, June 13th will be issued a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 10.59%. The ex-dividend date is Friday, June 13th. Fidus Investment's payout ratio is 73.50%.

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.