Shares of Fidus Investment Co. (NASDAQ:FDUS - Get Free Report) hit a new 52-week high during trading on Tuesday . The stock traded as high as $23.39 and last traded at $23.42, with a volume of 125670 shares. The stock had previously closed at $23.09.
Fidus Investment Trading Down 0.8 %
The firm's fifty day moving average price is $21.77 and its 200 day moving average price is $20.63. The stock has a market capitalization of $782.20 million, a price-to-earnings ratio of 8.24 and a beta of 1.39.
Fidus Investment Dividend Announcement
The firm also recently announced a -- dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 20th will be issued a dividend of $0.11 per share. The ex-dividend date is Thursday, March 20th. This represents a yield of 7.4%. Fidus Investment's dividend payout ratio (DPR) is presently 61.43%.
Institutional Investors Weigh In On Fidus Investment
A number of hedge funds have recently added to or reduced their stakes in FDUS. Raymond James Financial Inc. acquired a new stake in Fidus Investment during the 4th quarter worth approximately $20,539,000. Columbus Macro LLC acquired a new stake in Fidus Investment during the 4th quarter worth approximately $5,610,000. Baird Financial Group Inc. acquired a new stake in Fidus Investment during the 4th quarter worth approximately $4,072,000. Van ECK Associates Corp lifted its holdings in Fidus Investment by 11.5% during the 3rd quarter. Van ECK Associates Corp now owns 809,411 shares of the asset manager's stock worth $15,808,000 after buying an additional 83,538 shares in the last quarter. Finally, TrueMark Investments LLC acquired a new stake in Fidus Investment during the 4th quarter worth approximately $1,635,000. 28.14% of the stock is currently owned by institutional investors and hedge funds.
About Fidus Investment
(
Get 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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