34,071 Shares in Fidus Investment Co. (NASDAQ:FDUS) Purchased by Riverbridge Partners LLC

Riverbridge Partners LLC purchased a new position in Fidus Investment Co. (NASDAQ:FDUS - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 34,071 shares of the asset manager's stock, valued at approximately $716,000. Riverbridge Partners LLC owned 0.10% of Fidus Investment as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of FDUS. Franklin Resources Inc. increased its holdings in Fidus Investment by 37.0% during the 3rd 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. Farther Finance Advisors LLC increased its stake in shares of Fidus Investment by 23.6% in the third quarter. Farther Finance Advisors LLC now owns 7,467 shares of the asset manager's stock worth $146,000 after buying an additional 1,426 shares during the last quarter. Van ECK Associates Corp boosted its stake in Fidus Investment by 11.5% during the 3rd quarter. Van ECK Associates Corp now owns 809,411 shares of the asset manager's stock valued at $15,808,000 after acquiring an additional 83,538 shares during the last quarter. Hennion & Walsh Asset Management Inc. acquired a new position in Fidus Investment during the 3rd quarter worth $683,000. Finally, NewEdge Advisors LLC increased its position in shares of Fidus Investment by 9.3% in the 2nd quarter. NewEdge Advisors LLC now owns 122,359 shares of the asset manager's stock worth $2,384,000 after purchasing an additional 10,364 shares during the last quarter. Institutional investors and hedge funds own 28.14% of the company's stock.

Fidus Investment Price Performance

NASDAQ:FDUS traded up $0.13 during mid-day trading on Friday, reaching $22.27. The stock had a trading volume of 114,569 shares, compared to its average volume of 173,101. The company has a market capitalization of $755.23 million, a price-to-earnings ratio of 7.95 and a beta of 1.39. Fidus Investment Co. has a 1-year low of $18.41 and a 1-year high of $22.37. The stock's 50 day simple moving average is $21.07 and its two-hundred day simple moving average is $20.15.

Fidus Investment (NASDAQ:FDUS - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The asset manager reported $0.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.57 by $0.04. The company had revenue of $38.38 million for the quarter, compared to the consensus estimate of $36.43 million. Fidus Investment had a net margin of 60.09% and a return on equity of 12.11%. During the same period last year, the firm posted $0.68 EPS. Sell-side analysts anticipate that Fidus Investment Co. will post 2.28 EPS for the current fiscal year.

Fidus Investment Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Tuesday, December 17th were given a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a dividend yield of 10.96%. This is a boost from Fidus Investment's previous quarterly dividend of $0.57. The ex-dividend date was Tuesday, December 17th. Fidus Investment's dividend payout ratio is presently 61.43%.

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.