PNC Financial Services Group Inc. Increases Holdings in Fidus Investment Co. (NASDAQ:FDUS)

PNC Financial Services Group Inc. raised its holdings in Fidus Investment Co. (NASDAQ:FDUS - Free Report) by 3,378.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 26,090 shares of the asset manager's stock after buying an additional 25,340 shares during the quarter. PNC Financial Services Group Inc. owned 0.08% of Fidus Investment worth $548,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in FDUS. Sumitomo Mitsui Trust Group Inc. lifted its stake in Fidus Investment by 8.1% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 71,008 shares of the asset manager's stock valued at $1,392,000 after buying an additional 5,302 shares during the period. Advisors Asset Management Inc. lifted its holdings in shares of Fidus Investment by 9.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 208,166 shares of the asset manager's stock worth $4,080,000 after purchasing an additional 17,929 shares in the last quarter. D.A. Davidson & CO. lifted its holdings in shares of Fidus Investment by 4.0% in the 3rd 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 in the last quarter. Paloma Partners Management Co bought a new position in shares of Fidus Investment in the 3rd quarter worth $268,000. Finally, IHT Wealth Management LLC lifted its holdings in shares of Fidus Investment by 5.5% in the 3rd quarter. IHT Wealth Management LLC now owns 54,921 shares of the asset manager's stock worth $1,076,000 after purchasing an additional 2,887 shares in the last quarter. 28.14% of the stock is owned by institutional investors and hedge funds.

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Fidus Investment Trading Up 0.2 %

Shares of FDUS traded up $0.05 during trading hours on Friday, reaching $20.52. The stock had a trading volume of 389,518 shares, compared to its average volume of 215,541. Fidus Investment Co. has a 12 month low of $18.41 and a 12 month high of $23.55. The firm has a 50-day simple moving average of $22.20 and a 200 day simple moving average of $20.94. The company has a market capitalization of $695.94 million, a price-to-earnings ratio of 7.33 and a beta of 1.39.

Fidus Investment Dividend Announcement

The business also recently disclosed a -- dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 20th will be paid a dividend of $0.11 per share. This represents a yield of 7.4%. The ex-dividend date is Thursday, March 20th. Fidus Investment's dividend payout ratio (DPR) is presently 71.37%.

Analyst Upgrades and Downgrades

Separately, LADENBURG THALM/SH SH cut Fidus Investment from a "strong-buy" rating to a "hold" rating in a report on Friday, March 7th.

About Fidus Investment

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.