Two Sigma Investments LP Sells 101,353 Shares of Fidus Investment Co. (NASDAQ:FDUS)

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

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

Fidus Investment Price Performance

NASDAQ:FDUS traded down $0.17 during trading hours on Friday, hitting $20.40. The company's stock had a trading volume of 179,925 shares, compared to its average volume of 209,758. Fidus Investment Co. has a twelve month low of $16.70 and a twelve month high of $23.55. The stock has a fifty day simple moving average of $19.34 and a 200-day simple moving average of $20.82. The company has a market capitalization of $708.53 million, a P/E ratio of 7.29 and a beta of 0.92.

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 for the quarter, beating analysts' consensus estimates of $0.53 by $0.01. The company had revenue of $36.50 million for the quarter, compared to the consensus estimate of $35.61 million. Fidus Investment had a net margin of 60.09% and a return on equity of 12.11%. On average, 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 paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 10.59%. The ex-dividend date of this dividend is Friday, June 13th. Fidus Investment's payout ratio is 73.50%.

Analyst Ratings Changes

Several brokerages have recently commented on FDUS. Keefe, Bruyette & Woods dropped their target price on shares of Fidus Investment from $21.00 to $20.00 and set a "market perform" rating for the company in a research report on Tuesday, April 8th. 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. Finally, B. Riley started coverage on Fidus Investment in a research note on Tuesday, May 13th. They set a "buy" rating and a $22.00 target price for the company.

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.