Raymond James Financial Inc. bought a new stake in Fidus Investment Co. (NASDAQ:FDUS - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 977,123 shares of the asset manager's stock, valued at approximately $20,539,000. Raymond James Financial Inc. owned about 2.88% of Fidus Investment as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Promus Capital LLC acquired a new stake in shares of Fidus Investment in the fourth quarter valued at approximately $43,000. McIlrath & Eck LLC bought a new position in Fidus Investment during the third quarter worth $59,000. Millstone Evans Group LLC bought a new position in Fidus Investment during the fourth quarter worth $77,000. Private Advisor Group LLC acquired a new position in shares of Fidus Investment in the fourth quarter valued at $203,000. Finally, Blair William & Co. IL bought a new position in shares of Fidus Investment in the fourth quarter valued at about $208,000. Institutional investors own 28.14% of the company's stock.
Analyst Ratings Changes
A number of brokerages recently commented on FDUS. LADENBURG THALM/SH SH lowered shares of Fidus Investment from a "strong-buy" rating to a "hold" rating in a research note on Friday, March 7th. Keefe, Bruyette & Woods decreased their target price on Fidus Investment from $21.00 to $20.00 and set a "market perform" rating on the stock in a research report on Tuesday, April 8th.
Get Our Latest Analysis on Fidus Investment
Fidus Investment Trading Up 1.8 %
FDUS stock traded up $0.34 during trading hours on Wednesday, hitting $18.83. 151,738 shares of the stock were exchanged, compared to its average volume of 223,287. The company has a 50-day simple moving average of $20.71 and a two-hundred day simple moving average of $20.82. The firm has a market capitalization of $654.00 million, a P/E ratio of 6.73 and a beta of 1.10. Fidus Investment Co. has a 12 month low of $16.70 and a 12 month high of $23.55.
Fidus Investment Announces Dividend
The firm also recently disclosed a -- dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 20th were paid a $0.11 dividend. This represents a yield of 7.4%. The ex-dividend date of this dividend was Thursday, March 20th. Fidus Investment's dividend payout ratio (DPR) is 71.37%.
Fidus Investment Company 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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