Envestnet Asset Management Inc. increased its holdings in shares of Fidus Investment Co. (NASDAQ:FDUS - Free Report) by 20.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 300,799 shares of the asset manager's stock after acquiring an additional 50,447 shares during the period. Envestnet Asset Management Inc. owned about 0.89% of Fidus Investment worth $6,323,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Promus Capital LLC acquired a new stake in Fidus Investment during the fourth quarter valued at approximately $43,000. McIlrath & Eck LLC acquired a new stake in Fidus Investment in the 3rd quarter valued at $59,000. Millstone Evans Group LLC bought a new stake in Fidus Investment in the fourth quarter valued at $77,000. Private Advisor Group LLC acquired a new position in Fidus Investment during the fourth quarter worth $203,000. Finally, Blair William & Co. IL bought a new position in shares of Fidus Investment during the fourth quarter valued at $208,000. Institutional investors own 28.14% of the company's stock.
Analyst Ratings Changes
A number of equities research analysts recently issued reports on the stock. LADENBURG THALM/SH SH cut shares of Fidus Investment from a "strong-buy" rating to a "hold" rating in a research report on Friday, March 7th. Keefe, Bruyette & Woods decreased their price objective on shares of Fidus Investment from $21.00 to $20.00 and set a "market perform" rating on the stock in a research note on Tuesday, April 8th.
Check Out Our Latest Report on Fidus Investment
Fidus Investment Stock Performance
Fidus Investment stock traded up $0.18 on Friday, reaching $19.18. The company's stock had a trading volume of 104,144 shares, compared to its average volume of 230,242. Fidus Investment Co. has a twelve month low of $16.70 and a twelve month high of $23.55. The company has a market cap of $665.99 million, a price-to-earnings ratio of 6.85 and a beta of 1.10. The business's fifty day moving average price is $20.53 and its 200 day moving average price is $20.80.
Fidus Investment Announces Dividend
The business also recently disclosed a -- dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 20th were issued a dividend of $0.11 per share. This represents a yield of 7.4%. The ex-dividend date was Thursday, March 20th. Fidus Investment's dividend payout ratio is currently 71.37%.
About Fidus Investment
(
Free Report)
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.
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