70,647 Shares in Fidus Investment Corporation $FDUS Acquired by Palogic Value Management L.P.

Palogic Value Management L.P. bought a new position in shares of Fidus Investment Corporation (NASDAQ:FDUS) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 70,647 shares of the asset manager’s stock, valued at approximately $1,347,000.

Other institutional investors have also recently bought and sold shares of the company. Global Retirement Partners LLC bought a new position in Fidus Investment during the 2nd quarter worth about $621,000. Greenland Capital Management LP bought a new stake in shares of Fidus Investment in the second quarter valued at about $1,278,000. MQS Management LLC acquired a new position in shares of Fidus Investment during the fourth quarter worth about $852,000. Closed End Fund Advisors Inc. acquired a new position in shares of Fidus Investment during the fourth quarter worth about $749,000. Finally, Legal & General Group Plc grew its holdings in shares of Fidus Investment by 18.6% during the fourth quarter. Legal & General Group Plc now owns 252,442 shares of the asset manager’s stock worth $4,868,000 after buying an additional 39,644 shares in the last quarter. Institutional investors own 28.14% of the company’s stock.

Fidus Investment Price Performance

Shares of NASDAQ FDUS opened at $19.70 on Thursday. The stock has a market capitalization of $747.62 million, a price-to-earnings ratio of 9.43 and a beta of 0.67. The business has a 50-day moving average of $19.62 and a 200-day moving average of $18.82. Fidus Investment Corporation has a fifty-two week low of $16.86 and a fifty-two week high of $21.67.

Fidus Investment (NASDAQ:FDUS) last released its earnings results on Thursday, August 6th. The asset manager reported $0.50 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.50. Fidus Investment had a return on equity of 10.87% and a net margin of 45.36%.The business had revenue of $32.55 million for the quarter, compared to analyst estimates of $42.37 million. On average, sell-side analysts expect that Fidus Investment Corporation will post 2.16 EPS for the current year.

Fidus Investment Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 15th 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 Tuesday, September 15th. Fidus Investment’s dividend payout ratio is 82.30%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on FDUS shares. Weiss Ratings reissued a “hold (c)” rating on shares of Fidus Investment in a research report on Wednesday, June 17th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $19.50 price target on shares of Fidus Investment in a research note on Monday, July 20th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Fidus Investment has a consensus rating of “Hold” and a consensus price target of $19.50.

About Fidus Investment

Fidus Investment Corporation (NASDAQ: FDUS) is a closed-end, externally managed business development company (BDC) that provides specialized financing solutions to U.S. middle-market companies. Operated by Fidus Investment Advisors, LLC, a registered investment adviser, the company is regulated under the Investment Company Act of 1940 and trades on the Nasdaq Capital Market.

The firm focuses on structuring senior secured and unitranche loans, mezzanine debt and equity investments for established businesses across a range of industries.