Level Four Advisory Services LLC Sells 4,954 Shares of Fidus Investment Corporation $FDUS

Level Four Advisory Services LLC cut its position in Fidus Investment Corporation (NASDAQ:FDUS) by 14.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 30,487 shares of the asset manager’s stock after selling 4,954 shares during the period. Level Four Advisory Services LLC owned about 0.09% of Fidus Investment worth $616,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently modified their holdings of the company. AdvisorNet Financial Inc boosted its holdings in Fidus Investment by 137.4% in the 2nd quarter. AdvisorNet Financial Inc now owns 1,728 shares of the asset manager’s stock worth $35,000 after buying an additional 1,000 shares during the period. Novare Capital Management LLC lifted its position in shares of Fidus Investment by 0.6% in the second quarter. Novare Capital Management LLC now owns 190,275 shares of the asset manager’s stock valued at $3,844,000 after acquiring an additional 1,135 shares in the last quarter. MeadowBrook Investment Advisors LLC boosted its stake in shares of Fidus Investment by 90.0% in the second quarter. MeadowBrook Investment Advisors LLC now owns 2,850 shares of the asset manager’s stock worth $58,000 after acquiring an additional 1,350 shares during the period. Quarry LP bought a new position in shares of Fidus Investment in the first quarter worth about $28,000. Finally, Riverbridge Partners LLC grew its position in shares of Fidus Investment by 3.9% during the second quarter. Riverbridge Partners LLC now owns 38,975 shares of the asset manager’s stock worth $787,000 after purchasing an additional 1,470 shares in the last quarter. Hedge funds and other institutional investors own 28.14% of the company’s stock.

Fidus Investment Trading Up 0.2%

Shares of NASDAQ FDUS opened at $19.73 on Monday. Fidus Investment Corporation has a 12-month low of $16.70 and a 12-month high of $23.55. The firm’s 50-day moving average price is $20.09 and its 200-day moving average price is $20.55. The stock has a market capitalization of $718.70 million, a price-to-earnings ratio of 8.54 and a beta of 0.91.

Fidus Investment (NASDAQ:FDUS) last issued its quarterly earnings data on Thursday, November 6th. The asset manager reported $0.50 earnings per share for the quarter, hitting the consensus estimate of $0.50. Fidus Investment had a return on equity of 11.52% and a net margin of 51.88%.The company had revenue of $37.25 million for the quarter, compared to analysts’ expectations of $37.29 million. On average, equities analysts predict that Fidus Investment Corporation will post 2.28 EPS for the current fiscal year.

Fidus Investment Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 29th. Investors of record on Friday, December 19th will be issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 8.7%. The ex-dividend date is Friday, December 19th. Fidus Investment’s dividend payout ratio is presently 72.88%.

Analyst Ratings Changes

Several research firms have recently commented on FDUS. Keefe, Bruyette & Woods lowered their target price on shares of Fidus Investment from $21.50 to $21.00 and set an “outperform” rating on the stock in a report on Monday, November 10th. B. Riley downgraded shares of Fidus Investment from a “buy” rating to a “neutral” rating and increased their price objective for the company from $22.00 to $22.50 in a report on Wednesday, August 13th. Weiss Ratings restated a “hold (c)” rating on shares of Fidus Investment in a research report on Wednesday. Finally, LADENBURG THALM/SH SH upgraded Fidus Investment to a “strong-buy” rating in a research report on Wednesday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $21.75.

About Fidus Investment

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.