Hennion & Walsh Asset Management Inc. Buys New Position in Fidus Investment Co. (NASDAQ:FDUS)

Hennion & Walsh Asset Management Inc. acquired a new stake in shares of Fidus Investment Co. (NASDAQ:FDUS - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 34,863 shares of the asset manager's stock, valued at approximately $683,000. Hennion & Walsh Asset Management Inc. owned 0.11% of Fidus Investment at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in FDUS. Sumitomo Mitsui Trust Holdings Inc. lifted its position in Fidus Investment by 3.6% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 65,706 shares of the asset manager's stock valued at $1,297,000 after buying an additional 2,300 shares during the period. Commonwealth Equity Services LLC increased its stake in Fidus Investment by 50.5% during the 1st quarter. Commonwealth Equity Services LLC now owns 26,529 shares of the asset manager's stock valued at $524,000 after purchasing an additional 8,903 shares in the last quarter. Van ECK Associates Corp increased its stake in Fidus Investment by 15.8% during the 1st quarter. Van ECK Associates Corp now owns 600,862 shares of the asset manager's stock valued at $11,861,000 after purchasing an additional 82,049 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in Fidus Investment by 1.3% in the first quarter. Janney Montgomery Scott LLC now owns 39,429 shares of the asset manager's stock worth $778,000 after buying an additional 500 shares during the last quarter. Finally, Quantbot Technologies LP lifted its stake in shares of Fidus Investment by 28.0% in the first quarter. Quantbot Technologies LP now owns 14,788 shares of the asset manager's stock worth $292,000 after buying an additional 3,231 shares in the last quarter. Hedge funds and other institutional investors own 28.14% of the company's stock.

Fidus Investment Stock Performance

Shares of FDUS traded up $0.13 during mid-day trading on Monday, hitting $19.66. 143,248 shares of the company traded hands, compared to its average volume of 242,576. The stock has a 50-day moving average price of $19.74 and a two-hundred day moving average price of $19.74. Fidus Investment Co. has a 1 year low of $17.72 and a 1 year high of $20.60. The stock has a market cap of $620.35 million, a price-to-earnings ratio of 6.76 and a beta of 1.39.

Fidus Investment (NASDAQ:FDUS - Get Free Report) last released its quarterly earnings data on Thursday, August 1st. The asset manager reported $0.57 earnings per share for the quarter, meeting the consensus estimate of $0.57. Fidus Investment had a net margin of 67.43% and a return on equity of 12.29%. The firm had revenue of $35.66 million during the quarter, compared to analysts' expectations of $34.88 million. During the same period in the previous year, the company earned $0.62 earnings per share. On average, analysts forecast that Fidus Investment Co. will post 2.31 EPS for the current year.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods raised Fidus Investment to a "hold" rating in a report on Monday, August 5th.

Fidus Investment Profile

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.