Morey & Quinn Wealth Partners LLC acquired a new position in Fidus Investment Co. (NASDAQ:FDUS - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 14,778 shares of the asset manager's stock, valued at approximately $311,000.
A number of other institutional investors and hedge funds have also made changes to their positions in FDUS. Raymond James Financial Inc. purchased a new stake in shares of Fidus Investment in the 4th quarter worth approximately $20,539,000. Van ECK Associates Corp grew its stake in shares of Fidus Investment by 1.2% in the fourth quarter. Van ECK Associates Corp now owns 819,011 shares of the asset manager's stock worth $17,215,000 after acquiring an additional 9,600 shares during the last quarter. Columbus Macro LLC bought a new position in shares of Fidus Investment during the fourth quarter valued at $5,610,000. PFG Advisors boosted its stake in Fidus Investment by 1.0% in the 4th quarter. PFG Advisors now owns 183,047 shares of the asset manager's stock worth $3,848,000 after purchasing an additional 1,875 shares in the last quarter. Finally, Franklin Resources Inc. raised 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 worth $2,269,000 after acquiring an additional 31,426 shares during the last quarter. Institutional investors own 28.14% of the company's stock.
Analyst Ratings Changes
Separately, LADENBURG THALM/SH SH lowered Fidus Investment from a "strong-buy" rating to a "hold" rating in a report on Friday, March 7th.
Check Out Our Latest Research Report on Fidus Investment
Fidus Investment Stock Down 0.7 %
FDUS traded down $0.14 during midday trading on Friday, hitting $20.56. 275,312 shares of the company traded hands, compared to its average volume of 214,734. The company's 50-day moving average is $22.15 and its 200 day moving average is $20.97. Fidus Investment Co. has a 52 week low of $18.41 and a 52 week high of $23.55. The firm has a market capitalization of $697.29 million, a PE ratio of 7.34 and a beta of 1.39.
Fidus Investment Announces Dividend
The company also recently disclosed a -- dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 20th were given a dividend of $0.11 per share. This represents a yield of 7.4%. The ex-dividend date was Thursday, March 20th. Fidus Investment's dividend payout ratio (DPR) is presently 71.37%.
Fidus Investment Profile
(
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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