Fidus Investment Corporation (NASDAQ:FDUS) shares hit a new 52-week low on Tuesday . The stock traded as low as $15.51 and last traded at $16.22, with a volume of 206900 shares. The stock had previously closed at $16.14.

FDUS has been the topic of several recent research reports. Zacks Investment Research cut Fidus Investment from a “hold” rating to a “sell” rating in a report on Tuesday, September 12th. BidaskClub cut Fidus Investment from a “sell” rating to a “strong sell” rating in a report on Saturday, December 9th.

The company has a market cap of $376.46, a price-to-earnings ratio of 10.60 and a beta of 1.11.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 27th. Stockholders of record on Wednesday, December 20th will be given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 10.14%. The ex-dividend date is Tuesday, December 19th. Fidus Investment’s payout ratio is presently 78.79%.

Hedge funds have recently added to or reduced their stakes in the company. Novare Capital Management LLC raised its position in shares of Fidus Investment by 4.5% during the 3rd quarter. Novare Capital Management LLC now owns 345,544 shares of the asset manager’s stock valued at $5,556,000 after buying an additional 14,725 shares during the period. Muzinich & Co. Inc. raised its position in shares of Fidus Investment by 28.7% during the 2nd quarter. Muzinich & Co. Inc. now owns 1,013,739 shares of the asset manager’s stock valued at $17,051,000 after buying an additional 226,099 shares during the period. Yorktown Management & Research Co Inc raised its position in shares of Fidus Investment by 14.6% during the 3rd quarter. Yorktown Management & Research Co Inc now owns 275,000 shares of the asset manager’s stock valued at $4,422,000 after buying an additional 35,000 shares during the period. Moors & Cabot Inc. purchased a new stake in shares of Fidus Investment during the 2nd quarter valued at approximately $349,000. Finally, BB&T Securities LLC raised its position in shares of Fidus Investment by 74.2% during the 2nd quarter. BB&T Securities LLC now owns 177,874 shares of the asset manager’s stock valued at $2,992,000 after buying an additional 75,738 shares during the period. 32.06% of the stock is currently owned by hedge funds and other institutional investors.

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About Fidus Investment

Fidus Investment Corporation is a closed-end, non-diversified investment company. The Company provides customized debt and equity financing solutions to lower middle-market companies. The Company’s investment objective is to provide attractive risk-adjusted returns by generating both current income from its debt investments and capital appreciation from its equity-related investments.

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