Fidus Investment Corp (FDUS) Insider Purchases $49,980.00 in Stock

Fidus Investment Corp (NASDAQ:FDUS) insider Shelby E. Sherard bought 3,675 shares of the business’s stock in a transaction dated Thursday, December 6th. The stock was acquired at an average price of $13.60 per share, for a total transaction of $49,980.00. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website.

Shares of NASDAQ FDUS traded down $0.54 during midday trading on Thursday, reaching $13.62. The company’s stock had a trading volume of 164,700 shares, compared to its average volume of 96,421. Fidus Investment Corp has a 12-month low of $12.63 and a 12-month high of $16.26. The company has a market capitalization of $346.40 million, a PE ratio of 9.52 and a beta of 0.99.

Fidus Investment (NASDAQ:FDUS) last announced its earnings results on Thursday, November 1st. The asset manager reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.05). Fidus Investment had a return on equity of 8.25% and a net margin of 69.97%. The business had revenue of $17.87 million during the quarter, compared to analysts’ expectations of $18.38 million. Research analysts expect that Fidus Investment Corp will post 1.39 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 21st. Investors of record on Friday, December 7th will be paid a $0.39 dividend. The ex-dividend date is Thursday, December 6th. This represents a $1.56 annualized dividend and a yield of 11.45%. Fidus Investment’s payout ratio is 109.09%.

Institutional investors have recently bought and sold shares of the stock. WESPAC Advisors LLC lifted its stake in Fidus Investment by 65.2% in the third quarter. WESPAC Advisors LLC now owns 81,585 shares of the asset manager’s stock valued at $1,193,000 after purchasing an additional 32,209 shares during the last quarter. West Family Investments Inc. lifted its stake in Fidus Investment by 2.8% in the second quarter. West Family Investments Inc. now owns 620,824 shares of the asset manager’s stock valued at $8,822,000 after purchasing an additional 17,000 shares during the last quarter. GSA Capital Partners LLP purchased a new position in Fidus Investment in the second quarter valued at approximately $686,000. Oppenheimer & Co. Inc. lifted its stake in Fidus Investment by 21.3% in the third quarter. Oppenheimer & Co. Inc. now owns 36,494 shares of the asset manager’s stock valued at $534,000 after purchasing an additional 6,400 shares during the last quarter. Finally, BB&T Securities LLC lifted its stake in Fidus Investment by 9.8% in the second quarter. BB&T Securities LLC now owns 302,049 shares of the asset manager’s stock valued at $4,292,000 after purchasing an additional 26,848 shares during the last quarter. Institutional investors and hedge funds own 27.72% of the company’s stock.

A number of brokerages have recently weighed in on FDUS. ValuEngine downgraded Fidus Investment from a “hold” rating to a “sell” rating in a research note on Tuesday, September 18th. Zacks Investment Research downgraded Fidus Investment from a “hold” rating to a “sell” rating in a research note on Wednesday, October 3rd. Finally, BidaskClub upgraded Fidus Investment from a “hold” rating to a “buy” rating in a research note on Wednesday, October 31st. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $16.50.

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About Fidus Investment

Fidus Investment Corporation is a business development company 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.

See Also: Market Capitalization

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