Fidus Investment Co. (NASDAQ:FDUS - Get Free Report)'s share price hit a new 52-week low during trading on Monday . The company traded as low as $17.31 and last traded at $18.10, with a volume of 157763 shares traded. The stock had previously closed at $18.80.
Analyst Upgrades and Downgrades
Several brokerages have issued reports on FDUS. Keefe, Bruyette & Woods dropped their target price on Fidus Investment from $21.00 to $20.00 and set a "market perform" rating for the company in a report on Tuesday. LADENBURG THALM/SH SH lowered shares of Fidus Investment from a "strong-buy" rating to a "hold" rating in a report on Friday, March 7th.
Read Our Latest Stock Report on FDUS
Fidus Investment Stock Performance
The stock has a market cap of $603.35 million, a PE ratio of 6.35 and a beta of 1.10. The company's 50-day moving average price is $21.32 and its 200 day moving average price is $20.87.
Fidus Investment Dividend Announcement
The firm also recently declared a -- dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 20th were paid a $0.11 dividend. 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%.
Institutional Trading of Fidus Investment
A number of hedge funds and other institutional investors have recently modified their holdings of FDUS. McIlrath & Eck LLC acquired a new stake in shares of Fidus Investment during the third quarter valued at about $59,000. Franklin Resources Inc. increased its holdings in Fidus Investment by 37.0% in the 3rd quarter. Franklin Resources Inc. now owns 116,472 shares of the asset manager's stock valued at $2,269,000 after purchasing an additional 31,426 shares during the last quarter. Fiduciary Alliance LLC purchased a new stake in Fidus Investment in the fourth quarter valued at approximately $274,000. Hennion & Walsh Asset Management Inc. lifted its stake in Fidus Investment by 27.4% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 44,422 shares of the asset manager's stock worth $934,000 after purchasing an additional 9,559 shares in the last quarter. Finally, Riverbridge Partners LLC purchased a new position in shares of Fidus Investment during the fourth quarter worth $716,000. 28.14% of the stock is owned by institutional investors and hedge funds.
Fidus Investment Company Profile
(
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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