Greenland Capital Management LP Has $788,000 Stake in Fidus Investment Co. (NASDAQ:FDUS)

Greenland Capital Management LP lifted its position in Fidus Investment Co. (NASDAQ:FDUS - Free Report) by 150.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 37,500 shares of the asset manager's stock after purchasing an additional 22,500 shares during the quarter. Greenland Capital Management LP owned 0.11% of Fidus Investment worth $788,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in FDUS. Truist Financial Corp grew its stake in shares of Fidus Investment by 2.7% during the fourth quarter. Truist Financial Corp now owns 47,820 shares of the asset manager's stock valued at $1,005,000 after purchasing an additional 1,261 shares during the last quarter. Optimum Investment Advisors raised its position in shares of Fidus Investment by 8.3% during the fourth quarter. Optimum Investment Advisors now owns 18,755 shares of the asset manager's stock worth $394,000 after acquiring an additional 1,430 shares during the last quarter. PFG Advisors lifted its stake in shares of Fidus Investment by 1.0% during the fourth quarter. PFG Advisors now owns 183,047 shares of the asset manager's stock valued at $3,848,000 after acquiring an additional 1,875 shares during the period. Cornerstone Wealth Management LLC increased its position in Fidus Investment by 10.2% in the fourth quarter. Cornerstone Wealth Management LLC now owns 21,426 shares of the asset manager's stock worth $450,000 after purchasing an additional 1,989 shares during the period. Finally, Promus Capital LLC acquired a new position in Fidus Investment during the 4th quarter valued at about $43,000. Institutional investors and hedge funds own 28.14% of the company's stock.

Fidus Investment Stock Performance

NASDAQ:FDUS traded up $0.30 during trading hours on Monday, hitting $18.09. The stock had a trading volume of 97,222 shares, compared to its average volume of 222,257. The business's 50 day moving average is $21.32 and its 200-day moving average is $20.88. The company has a market cap of $613.52 million, a price-to-earnings ratio of 6.46 and a beta of 1.10. Fidus Investment Co. has a one year low of $16.70 and a one year high of $23.55.

Fidus Investment Announces Dividend

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

Wall Street Analyst Weigh In

FDUS has been the subject of a number of recent research reports. LADENBURG THALM/SH SH downgraded shares of Fidus Investment from a "strong-buy" rating to a "hold" rating in a research note on Friday, March 7th. Keefe, Bruyette & Woods dropped their price objective on Fidus Investment from $21.00 to $20.00 and set a "market perform" rating for the company in a report on Tuesday, April 8th.

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.