Franklin Resources Inc. Has $2.27 Million Stake in Fidus Investment Co. (NASDAQ:FDUS)

Franklin Resources Inc. grew its position in shares of Fidus Investment Co. (NASDAQ:FDUS - Free Report) by 37.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 116,472 shares of the asset manager's stock after acquiring an additional 31,426 shares during the quarter. Franklin Resources Inc. owned 0.34% of Fidus Investment worth $2,269,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. D.A. Davidson & CO. boosted its holdings in Fidus Investment by 4.0% during the third quarter. D.A. Davidson & CO. now owns 26,898 shares of the asset manager's stock worth $527,000 after purchasing an additional 1,031 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in shares of Fidus Investment by 23.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 7,467 shares of the asset manager's stock worth $146,000 after buying an additional 1,426 shares during the last quarter. Wetzel Investment Advisors Inc. bought a new position in shares of Fidus Investment in the 2nd quarter valued at about $32,000. Cornerstone Wealth Management LLC grew its holdings in shares of Fidus Investment by 10.4% in the 3rd quarter. Cornerstone Wealth Management LLC now owns 19,437 shares of the asset manager's stock valued at $381,000 after acquiring an additional 1,838 shares in the last quarter. Finally, Commonwealth Equity Services LLC increased its position in shares of Fidus Investment by 8.6% in the second quarter. Commonwealth Equity Services LLC now owns 28,801 shares of the asset manager's stock valued at $561,000 after acquiring an additional 2,272 shares during the last quarter. 28.14% of the stock is owned by institutional investors.

Fidus Investment Stock Performance

NASDAQ FDUS traded down $0.04 during trading hours on Friday, hitting $20.86. 184,467 shares of the company traded hands, compared to its average volume of 238,537. The business's 50-day moving average is $20.46 and its 200-day moving average is $19.93. The stock has a market capitalization of $707.47 million, a price-to-earnings ratio of 7.45 and a beta of 1.39. Fidus Investment Co. has a twelve month low of $18.41 and a twelve month high of $21.68.

Fidus Investment (NASDAQ:FDUS - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The asset manager reported $0.61 EPS for the quarter, beating the consensus estimate of $0.57 by $0.04. The company had revenue of $38.38 million during the quarter, compared to the consensus estimate of $36.43 million. Fidus Investment had a return on equity of 12.11% and a net margin of 60.09%. During the same quarter in the prior year, the firm posted $0.68 EPS. Analysts predict that Fidus Investment Co. will post 2.28 EPS for the current year.

Fidus Investment Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Tuesday, December 17th will be paid a dividend of $0.61 per share. The ex-dividend date of this dividend is Tuesday, December 17th. This is a positive change from Fidus Investment's previous quarterly dividend of $0.57. This represents a $2.44 annualized dividend and a dividend yield of 11.70%. Fidus Investment's payout ratio is currently 61.43%.

Fidus Investment 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.