Van ECK Associates Corp Has $11.86 Million Position in Fidus Investment Co. (NASDAQ:FDUS)

Van ECK Associates Corp lifted its holdings in Fidus Investment Co. (NASDAQ:FDUS) by 15.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 600,862 shares of the asset manager’s stock after buying an additional 82,049 shares during the period. Van ECK Associates Corp owned about 1.91% of Fidus Investment worth $11,861,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Spire Wealth Management boosted its position in Fidus Investment by 35.3% during the 4th quarter. Spire Wealth Management now owns 2,351 shares of the asset manager’s stock worth $46,000 after acquiring an additional 613 shares during the period. MeadowBrook Investment Advisors LLC purchased a new position in Fidus Investment during the fourth quarter valued at approximately $57,000. First Horizon Advisors Inc. purchased a new stake in Fidus Investment in the 4th quarter worth approximately $69,000. Cape Investment Advisory Inc. purchased a new stake in Fidus Investment in the 4th quarter worth approximately $96,000. Finally, Sound Income Strategies LLC boosted its position in Fidus Investment by 698.2% during the fourth quarter. Sound Income Strategies LLC now owns 8,253 shares of the asset manager’s stock valued at $163,000 after purchasing an additional 7,219 shares during the last quarter. Hedge funds and other institutional investors own 28.14% of the company’s stock.

Fidus Investment Price Performance

NASDAQ:FDUS traded down $0.14 during mid-day trading on Friday, reaching $19.67. The stock had a trading volume of 85,460 shares, compared to its average volume of 267,650. The business’s 50 day moving average is $19.88 and its 200 day moving average is $19.70. Fidus Investment Co. has a fifty-two week low of $17.63 and a fifty-two week high of $21.25. The stock has a market cap of $620.59 million, a P/E ratio of 6.81 and a beta of 1.40.

Fidus Investment (NASDAQ:FDUS) last announced its quarterly earnings results on Thursday, May 2nd. The asset manager reported $0.59 EPS for the quarter, meeting the consensus estimate of $0.59. Fidus Investment had a return on equity of 12.69% and a net margin of 60.25%. The company had revenue of $34.65 million for the quarter, compared to the consensus estimate of $34.46 million. Equities analysts expect that Fidus Investment Co. will post 2.28 EPS for the current year.

Fidus Investment Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 26th. Stockholders of record on Wednesday, June 19th were issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 8.74%. The ex-dividend date of this dividend was Tuesday, June 18th. Fidus Investment’s payout ratio is presently 59.11%.

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.