TrueMark Investments LLC acquired a new stake in Fidus Investment Co. (NASDAQ:FDUS - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 77,795 shares of the asset manager's stock, valued at approximately $1,635,000. TrueMark Investments LLC owned about 0.23% of Fidus Investment at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. D.A. Davidson & CO. lifted its stake in Fidus Investment by 4.0% in the third 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 during the last quarter. Truist Financial Corp boosted its holdings in Fidus Investment by 2.7% during the 4th quarter. Truist Financial Corp now owns 47,820 shares of the asset manager's stock valued at $1,005,000 after acquiring an additional 1,261 shares during the period. Optimum Investment Advisors increased its stake in Fidus Investment by 8.3% in the fourth quarter. Optimum Investment Advisors now owns 18,755 shares of the asset manager's stock worth $394,000 after purchasing an additional 1,430 shares during the period. PFG Advisors lifted its position in shares of Fidus Investment by 1.0% during the fourth 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 during the last quarter. Finally, Cornerstone Wealth Management LLC boosted its stake in shares of Fidus Investment by 10.2% during the fourth quarter. Cornerstone Wealth Management LLC now owns 21,426 shares of the asset manager's stock valued at $450,000 after purchasing an additional 1,989 shares during the period. Hedge funds and other institutional investors own 28.14% of the company's stock.
Wall Street Analyst Weigh In
Separately, LADENBURG THALM/SH SH lowered shares of 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 FDUS
Fidus Investment Stock Down 0.7 %
Shares of NASDAQ FDUS traded down $0.14 during midday trading on Friday, reaching $20.56. 275,312 shares of the company's stock traded hands, compared to its average volume of 214,734. The company has a market cap of $697.29 million, a price-to-earnings ratio of 7.34 and a beta of 1.39. Fidus Investment Co. has a one year low of $18.41 and a one year high of $23.55. The stock's 50 day simple moving average is $22.15 and its 200-day simple moving average is $20.97.
Fidus Investment Announces Dividend
The company also recently announced a -- dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 20th were issued a $0.11 dividend. The ex-dividend date was Thursday, March 20th. This represents a yield of 7.4%. Fidus Investment's dividend payout ratio is presently 71.37%.
About Fidus Investment
(
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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