Y Intercept Hong Kong Ltd Sells 30,095 Shares of Fidus Investment Co. (NASDAQ:FDUS)

Y Intercept Hong Kong Ltd decreased its position in shares of Fidus Investment Co. (NASDAQ:FDUS - Free Report) by 65.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,655 shares of the asset manager's stock after selling 30,095 shares during the period. Y Intercept Hong Kong Ltd's holdings in Fidus Investment were worth $307,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in FDUS. Van ECK Associates Corp grew its position in Fidus Investment by 20.8% in the second quarter. Van ECK Associates Corp now owns 725,873 shares of the asset manager's stock worth $14,140,000 after acquiring an additional 125,011 shares in the last quarter. Legacy Capital Wealth Partners LLC purchased a new position in Fidus Investment in the second quarter worth about $1,521,000. Cetera Investment Advisers grew its position in Fidus Investment by 18.1% in the second quarter. Cetera Investment Advisers now owns 233,826 shares of the asset manager's stock worth $4,555,000 after acquiring an additional 35,861 shares in the last quarter. Hennion & Walsh Asset Management Inc. purchased a new position in Fidus Investment in the third quarter worth about $683,000. Finally, Envestnet Asset Management Inc. grew its position in Fidus Investment by 17.4% in the second quarter. Envestnet Asset Management Inc. now owns 225,904 shares of the asset manager's stock worth $4,401,000 after acquiring an additional 33,474 shares in the last quarter. Hedge funds and other institutional investors own 28.14% of the company's stock.

Fidus Investment Stock Down 1.7 %

FDUS traded down $0.34 on Wednesday, hitting $19.92. The company had a trading volume of 254,437 shares, compared to its average volume of 239,858. The company has a market cap of $675.59 million, a PE ratio of 7.11 and a beta of 1.39. Fidus Investment Co. has a 12-month low of $18.41 and a 12-month high of $21.68. The business's fifty day simple moving average is $20.30 and its 200 day simple moving average is $19.90.

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

Fidus Investment Increases Dividend

The company 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 $0.61 dividend. The ex-dividend date is Tuesday, December 17th. This represents a $2.44 annualized dividend and a yield of 12.25%. This is an increase from Fidus Investment's previous quarterly dividend of $0.57. Fidus Investment's dividend payout ratio (DPR) 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.