HighTower Advisors LLC increased its stake in Fidus Investment Co. (NASDAQ:FDUS - Free Report) by 164.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 87,985 shares of the asset manager's stock after acquiring an additional 54,722 shares during the quarter. HighTower Advisors LLC owned 0.26% of Fidus Investment worth $1,849,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in FDUS. Raymond James Financial Inc. bought a new position in shares of Fidus Investment in the fourth quarter valued at approximately $20,539,000. Columbus Macro LLC bought a new position in Fidus Investment during the 4th quarter valued at $5,610,000. Riverbridge Partners LLC bought a new stake in shares of Fidus Investment in the 4th quarter worth $716,000. Franklin Resources Inc. lifted its position in shares of Fidus Investment by 37.0% during the third 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 in the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in Fidus Investment by 3,378.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 26,090 shares of the asset manager's stock worth $548,000 after purchasing an additional 25,340 shares during the last quarter. 28.14% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Separately, LADENBURG THALM/SH SH downgraded Fidus Investment from a "strong-buy" rating to a "hold" rating in a research note on Friday, March 7th.
View Our Latest Analysis on FDUS
Fidus Investment Price Performance
Shares of Fidus Investment stock traded down $0.26 during trading hours on Thursday, hitting $20.70. 580,983 shares of the company's stock traded hands, compared to its average volume of 216,019. The stock has a market capitalization of $702.04 million, a price-to-earnings ratio of 7.39 and a beta of 1.39. Fidus Investment Co. has a 12-month low of $18.41 and a 12-month high of $23.55. The company has a fifty day simple moving average of $22.19 and a 200-day simple moving average of $20.95.
Fidus Investment Dividend Announcement
The company also recently announced a -- dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 20th will be paid a $0.11 dividend. The ex-dividend date of this dividend is Thursday, March 20th. This represents a dividend yield of 7.4%. Fidus Investment's payout ratio is presently 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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