Fidus Investment Corp (FDUS) Shareholder Ares Management LLC Cut Its Holding

July 16, 2018 - By Megan Stone

Investors sentiment increased to 1.48 in Q1 2018. Its up 0.36, from 1.12 in 2017Q4. It improved, as 9 investors sold FDUS shares while 12 reduced holdings. 12 funds opened positions while 19 raised stakes. 6.73 million shares or 5.46% less from 7.12 million shares in 2017Q4 were reported. Eagle Advsrs Ltd Co stated it has 0.01% of its portfolio in Fidus Investment Corporation (NASDAQ:FDUS). Great West Life Assurance Can owns 6,490 shares. Muzinich & has 523,348 shares for 1.13% of their portfolio. First Allied Advisory Serv reported 18,510 shares or 0.01% of all its holdings. Lakeview Cap Prtn Lc, a Georgia-based fund reported 15,185 shares. Citigroup invested in 2,500 shares. Buckhead Capital Mngmt Ltd Co has invested 0.32% of its portfolio in Fidus Investment Corporation (NASDAQ:FDUS). Tudor Invest Et Al has 0.01% invested in Fidus Investment Corporation (NASDAQ:FDUS) for 12,251 shares. Raymond James Svcs Advsrs Incorporated, a Florida-based fund reported 530,162 shares. Oppenheimer reported 28,139 shares or 0.01% of all its holdings. Jpmorgan Chase & invested in 5,400 shares. Stepstone Group Inc LP has 260,105 shares for 2.46% of their portfolio. Advisors Asset Management Incorporated, a Colorado-based fund reported 332,855 shares. Salzhauer Michael has invested 0.1% of its portfolio in Fidus Investment Corporation (NASDAQ:FDUS). Pnc Fincl Services holds 0% of its portfolio in Fidus Investment Corporation (NASDAQ:FDUS) for 2,652 shares.

Since March 7, 2018, it had 1 buying transaction, and 0 insider sales for $91,700 activity.

Ares Management Llc decreased its stake in Fidus Investment Corp (FDUS) by 90.14% based on its latest 2018Q1 regulatory filing with the SEC. Ares Management Llc sold 220,000 shares as the company’s stock rose 9.30% while stock markets declined. The institutional investor held 24,077 shares of the company at the end of 2018Q1, valued at $3.14 million, down from 244,077 at the end of the previous reported quarter. Ares Management Llc who had been investing in Fidus Investment Corp for a number of months, seems to be less bullish one the $355.94M market cap company. The stock increased 0.62% or $0.09 during the last trading session, reaching $14.55. About 28,993 shares traded. Fidus Investment Corporation (NASDAQ:FDUS) has declined 15.29% since July 16, 2017 and is downtrending. It has underperformed by 27.86% the S&P500.

Ares Management Llc, which manages about $35.87 billion and $3.14 billion US Long portfolio, upped its stake in Halcon Resources Corporation by 1.11 million shares to 21.91M shares, valued at $106.69M in 2018Q1, according to the filing. It also increased its holding in Apollo Investment Corp (NASDAQ:AINV) by 1.09 million shares in the quarter, for a total of 3.50 million shares, and has risen its stake in Hercules Capital Inc. (NYSE:HTGC).

Analysts await Fidus Investment Corporation (NASDAQ:FDUS) to report earnings on August, 2. They expect $0.35 earnings per share, down 10.26 % or $0.04 from last year’s $0.39 per share. FDUS’s profit will be $8.56 million for 10.39 P/E if the $0.35 EPS becomes a reality. After $0.36 actual earnings per share reported by Fidus Investment Corporation for the previous quarter, Wall Street now forecasts -2.78 % negative EPS growth.

Another recent and important Fidus Investment Corporation (NASDAQ:FDUS) news was published by Seekingalpha.com which published an article titled: “Upcoming Book Value Declines For This Higher Yielding BDC?” on June 20, 2018.

Fidus Investment Corporation (NASDAQ:FDUS) Ratings Coverage

Among 2 analysts covering Fidus Investment Corporation (NASDAQ:FDUS), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Fidus Investment Corporation had 2 analyst reports since February 16, 2018 according to SRatingsIntel. The firm has “Buy” rating given on Friday, February 16 by Ladenburg. Keefe Bruyette & Woods maintained the shares of FDUS in report on Sunday, April 22 with “Hold” rating.

Fidus Investment Corporation (NASDAQ:FDUS) Institutional Positions Chart

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