Fidus Investment Co. (NASDAQ:FDUS) Shares Bought by Capital Investment Advisory Services LLC

Capital Investment Advisory Services LLC boosted its stake in shares of Fidus Investment Co. (NASDAQ:FDUS) by 11.5% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 40,100 shares of the asset manager’s stock after acquiring an additional 4,143 shares during the period. Capital Investment Advisory Services LLC owned about 0.14% of Fidus Investment worth $790,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Nisa Investment Advisors LLC acquired a new position in Fidus Investment in the 3rd quarter valued at $140,000. Jump Financial LLC boosted its holdings in shares of Fidus Investment by 182.6% during the 3rd quarter. Jump Financial LLC now owns 32,500 shares of the asset manager’s stock worth $624,000 after purchasing an additional 21,000 shares during the last quarter. Quantbot Technologies LP grew its position in shares of Fidus Investment by 162.9% in the third quarter. Quantbot Technologies LP now owns 8,475 shares of the asset manager’s stock valued at $163,000 after purchasing an additional 5,251 shares in the last quarter. Virtus ETF Advisers LLC increased its holdings in shares of Fidus Investment by 103.6% in the third quarter. Virtus ETF Advisers LLC now owns 27,888 shares of the asset manager’s stock valued at $535,000 after purchasing an additional 14,192 shares during the last quarter. Finally, Atria Wealth Solutions Inc. lifted its position in Fidus Investment by 8.9% during the third quarter. Atria Wealth Solutions Inc. now owns 16,853 shares of the asset manager’s stock worth $324,000 after buying an additional 1,379 shares in the last quarter. 28.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, B. Riley lowered Fidus Investment from a “buy” rating to a “neutral” rating and set a $22.00 price target on the stock. in a report on Monday, January 8th.

Fidus Investment Trading Up 0.8 %

Shares of NASDAQ:FDUS opened at $20.12 on Tuesday. The company has a market capitalization of $632.37 million, a price-to-earnings ratio of 6.99 and a beta of 1.39. The business has a 50-day moving average price of $19.56 and a 200 day moving average price of $19.39. Fidus Investment Co. has a 12-month low of $17.63 and a 12-month high of $21.25.

Fidus Investment (NASDAQ:FDUS) last posted its quarterly earnings data on Thursday, February 29th. The asset manager reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.09. The firm had revenue of $36.31 million for the quarter, compared to the consensus estimate of $32.83 million. Fidus Investment had a return on equity of 12.79% and a net margin of 59.28%. As a group, equities research analysts predict that Fidus Investment Co. will post 2.36 earnings per share for the current fiscal year.

Fidus Investment Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 20th were paid a $0.65 dividend. This is a boost from Fidus Investment’s previous quarterly dividend of $0.53. This represents a $2.60 annualized dividend and a dividend yield of 12.92%. The ex-dividend date was Tuesday, March 19th. Fidus Investment’s dividend payout ratio (DPR) is presently 59.72%.

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.