Invesco Ltd. Sells 64,521 Shares of Fidus Investment Co. (NASDAQ:FDUS)

Invesco Ltd. lessened its holdings in shares of Fidus Investment Co. (NASDAQ:FDUS - Free Report) by 10.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 540,466 shares of the asset manager's stock after selling 64,521 shares during the quarter. Invesco Ltd. owned about 1.59% of Fidus Investment worth $11,361,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in FDUS. Franklin Resources Inc. increased its holdings in shares of Fidus Investment by 37.0% in the third quarter. Franklin Resources Inc. now owns 116,472 shares of the asset manager's stock worth $2,269,000 after purchasing an additional 31,426 shares during the last quarter. HighTower Advisors LLC increased its stake in Fidus Investment by 164.5% in the 4th quarter. HighTower Advisors LLC now owns 87,985 shares of the asset manager's stock worth $1,849,000 after acquiring an additional 54,722 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Fidus Investment by 3,378.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 26,090 shares of the asset manager's stock worth $548,000 after acquiring an additional 25,340 shares in the last quarter. Sage Investment Counsel LLC bought a new position in shares of Fidus Investment during the 4th quarter valued at approximately $253,000. Finally, Raymond James Financial Inc. purchased a new position in shares of Fidus Investment in the fourth quarter valued at $20,539,000. 28.14% of the stock is owned by hedge funds and other institutional investors.

Fidus Investment Stock Performance

Shares of Fidus Investment stock opened at $18.49 on Wednesday. The stock has a market cap of $642.19 million, a price-to-earnings ratio of 6.60 and a beta of 1.10. The stock has a 50 day moving average price of $20.71 and a 200-day moving average price of $20.82. Fidus Investment Co. has a one year low of $16.70 and a one year high of $23.55.

Fidus Investment Announces Dividend

The company also recently declared a -- dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 20th were paid a dividend of $0.11 per share. The ex-dividend date was Thursday, March 20th. This represents a dividend yield of 7.4%. Fidus Investment's dividend payout ratio is presently 71.37%.

Analyst Ratings Changes

A number of research firms recently issued reports on FDUS. Keefe, Bruyette & Woods decreased their price target on shares of Fidus Investment from $21.00 to $20.00 and set a "market perform" rating on the stock in a research note on Tuesday, April 8th. LADENBURG THALM/SH SH cut shares of Fidus Investment from a "strong-buy" rating to a "hold" rating in a research report on Friday, March 7th.

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.

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