Raymond James Financial Inc. Purchases New Holdings in Fidus Investment Co. (NASDAQ:FDUS)

Raymond James Financial Inc. bought a new stake in Fidus Investment Co. (NASDAQ:FDUS - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 977,123 shares of the asset manager's stock, valued at approximately $20,539,000. Raymond James Financial Inc. owned 2.88% of Fidus Investment as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also made changes to their positions in the stock. Promus Capital LLC bought a new position in Fidus Investment during the fourth quarter worth about $43,000. McIlrath & Eck LLC bought a new position in Fidus Investment during the third quarter worth about $59,000. Private Advisor Group LLC bought a new position in Fidus Investment during the fourth quarter worth about $203,000. Sage Investment Counsel LLC bought a new position in Fidus Investment during the fourth quarter worth about $253,000. Finally, Fiduciary Alliance LLC bought a new position in Fidus Investment during the fourth quarter worth about $274,000. Institutional investors own 28.14% of the company's stock.

Wall Street Analyst Weigh In

Separately, LADENBURG THALM/SH SH cut shares of Fidus Investment from a "strong-buy" rating to a "hold" rating in a research note on Friday, March 7th.

Fidus Investment Stock Performance

Shares of NASDAQ FDUS traded down $0.12 during mid-day trading on Thursday, hitting $20.47. 316,874 shares of the stock were exchanged, compared to its average volume of 215,141. The company has a market cap of $694.24 million, a P/E ratio of 7.31 and a beta of 1.39. The stock's fifty day simple moving average is $22.22 and its two-hundred day simple moving average is $20.93. Fidus Investment Co. has a twelve month low of $18.41 and a twelve month high of $23.55.

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Fidus Investment Announces Dividend

The company also recently disclosed a -- dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 20th will be issued a dividend of $0.11 per share. This represents a dividend yield of 7.4%. The ex-dividend date of this dividend is Thursday, March 20th. Fidus Investment's payout ratio is 71.37%.

Fidus Investment Company 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.