Laurel Wealth Advisors LLC Purchases 31,342 Shares of Fidus Investment Corporation $FDUS

Laurel Wealth Advisors LLC increased its holdings in Fidus Investment Corporation by 7,588.9% in Q2, acquiring 31,342 additional shares. The fund now owns 31,755 shares worth $641,000. Other hedge funds also adjusted their positions in Fidus. Analysts have mixed ratings on FDUS, with a consensus rating of 'Moderate Buy' and an average target price of $21.75. Fidus Investment reported Q3 earnings of $0.50 per share and revenue of $37.25 million. The company announced a quarterly dividend of $0.43 per share, yielding 8.7%.

Laurel Wealth Advisors LLC raised its holdings in shares of Fidus Investment Corporation (NASDAQ:FDUS - Free Report) by 7,588.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 31,755 shares of the asset manager's stock after acquiring an additional 31,342 shares during the period. Laurel Wealth Advisors LLC owned about 0.09% of Fidus Investment worth $641,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Kingstone Capital Partners Texas LLC bought a new position in shares of Fidus Investment during the 2nd quarter valued at $549,138,000. Ethos Financial Group LLC purchased a new stake in Fidus Investment during the first quarter valued at about $2,740,000. Muzinich & Co. Inc. grew its stake in shares of Fidus Investment by 106.5% during the second quarter. Muzinich & Co. Inc. now owns 190,228 shares of the asset manager's stock valued at $3,843,000 after buying an additional 98,107 shares during the last quarter. Baird Financial Group Inc. increased its holdings in shares of Fidus Investment by 46.1% in the first quarter. Baird Financial Group Inc. now owns 283,093 shares of the asset manager's stock worth $5,772,000 after buying an additional 89,386 shares during the period. Finally, D.A. Davidson & CO. boosted its holdings in Fidus Investment by 159.1% during the 2nd quarter. D.A. Davidson & CO. now owns 115,872 shares of the asset manager's stock valued at $2,341,000 after acquiring an additional 71,145 shares during the period. 28.14% of the stock is currently owned by institutional investors.

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Analyst Ratings Changes

A number of equities analysts have commented on FDUS shares. B. Riley cut Fidus Investment from a "buy" rating to a "neutral" rating and lifted their price target for the stock from $22.00 to $22.50 in a research note on Wednesday, August 13th. Keefe, Bruyette & Woods decreased their target price on shares of Fidus Investment from $21.50 to $21.00 and set an "outperform" rating on the stock in a research note on Monday, November 10th. Weiss Ratings reissued a "hold (c)" rating on shares of Fidus Investment in a research report on Wednesday. Finally, LADENBURG THALM/SH SH upgraded shares of Fidus Investment to a "strong-buy" rating in a research report on Wednesday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $21.75.

Check Out Our Latest Research Report on FDUS

Fidus Investment Stock Up 0.2%

Shares of FDUS stock opened at $19.73 on Friday. The firm has a market capitalization of $718.70 million, a price-to-earnings ratio of 8.54 and a beta of 0.91. The stock has a fifty day moving average of $20.09 and a 200 day moving average of $20.54. 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 data on Thursday, November 6th. The asset manager reported $0.50 EPS for the quarter, hitting the consensus estimate of $0.50. The business had revenue of $37.25 million during the quarter, compared to analyst estimates of $37.29 million. Fidus Investment had a net margin of 51.88% and a return on equity of 11.52%. Equities research analysts anticipate that Fidus Investment Corporation will post 2.28 earnings per share for the current year.

Fidus Investment Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 29th. Shareholders of record on Friday, December 19th will be given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 8.7%. The ex-dividend date of this dividend is Friday, December 19th. Fidus Investment's payout ratio is presently 72.88%.

Fidus Investment Profile

(Free Report)

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.

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