Fidus Investment Co. (NASDAQ:FDUS) Position Lifted by Van ECK Associates Corp

Van ECK Associates Corp grew its stake in shares of Fidus Investment Co. (NASDAQ:FDUS - Free Report) by 11.5% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 809,411 shares of the asset manager's stock after buying an additional 83,538 shares during the period. Van ECK Associates Corp owned 2.57% of Fidus Investment worth $15,808,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in FDUS. Legacy Capital Wealth Partners LLC purchased a new position in Fidus Investment in the second quarter valued at approximately $1,521,000. Cetera Advisors LLC increased its position in shares of Fidus Investment by 611.5% in the first quarter. Cetera Advisors LLC now owns 71,651 shares of the asset manager's stock worth $1,414,000 after acquiring an additional 61,580 shares in the last quarter. Cetera Investment Advisers raised its stake in shares of Fidus Investment by 42.2% in the 1st quarter. Cetera Investment Advisers now owns 197,965 shares of the asset manager's stock valued at $3,908,000 after acquiring an additional 58,768 shares during the period. Hennion & Walsh Asset Management Inc. acquired a new position in shares of Fidus Investment during the 3rd quarter valued at $683,000. Finally, Envestnet Asset Management Inc. boosted its position in Fidus Investment by 17.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 225,904 shares of the asset manager's stock worth $4,401,000 after purchasing an additional 33,474 shares during the period. 28.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods upgraded Fidus Investment to a "hold" rating in a research note on Monday, August 5th.

Fidus Investment Price Performance

NASDAQ FDUS traded up $0.51 on Wednesday, reaching $19.61. The company had a trading volume of 306,000 shares, compared to its average volume of 243,072. The firm has a market capitalization of $650.27 million, a PE ratio of 6.96 and a beta of 1.40. The firm has a 50-day moving average of $19.68 and a 200-day moving average of $19.73. Fidus Investment Co. has a 1 year low of $18.41 and a 1 year high of $20.60.

Fidus Investment (NASDAQ:FDUS - Get Free Report) last announced its earnings results on Thursday, October 31st. The asset manager reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.04. The business had revenue of $38.38 million during 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 in the prior year, the firm earned $0.68 earnings per share. As a group, sell-side analysts expect that Fidus Investment Co. will post 2.31 EPS for the current fiscal year.

Fidus Investment Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Tuesday, December 17th will be paid a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a yield of 12.44%. The ex-dividend date is Tuesday, December 17th. This is a positive change from Fidus Investment's previous quarterly dividend of $0.57. Fidus Investment's dividend payout ratio (DPR) is 61.43%.

Fidus Investment Company 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.