Capital Investment Advisory Services LLC Increases Stock Position in Fidus Investment Co. (NASDAQ:FDUS)

Capital Investment Advisory Services LLC lifted its holdings in shares of Fidus Investment Co. (NASDAQ:FDUS) by 11.5% in the fourth quarter, HoldingsChannel reports. The firm owned 40,100 shares of the asset manager’s stock after acquiring an additional 4,143 shares during the period. Capital Investment Advisory Services LLC’s holdings in Fidus Investment were worth $790,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Nisa Investment Advisors LLC acquired a new stake in Fidus Investment during the 3rd quarter valued at $140,000. Jump Financial LLC boosted its stake in shares of Fidus Investment by 182.6% during the third quarter. Jump Financial LLC now owns 32,500 shares of the asset manager’s stock valued at $624,000 after acquiring an additional 21,000 shares during the last quarter. Quantbot Technologies LP increased its position in Fidus Investment by 162.9% during the 3rd quarter. Quantbot Technologies LP now owns 8,475 shares of the asset manager’s stock worth $163,000 after purchasing an additional 5,251 shares in the last quarter. Virtus ETF Advisers LLC lifted its holdings in Fidus Investment by 103.6% in the 3rd quarter. Virtus ETF Advisers LLC now owns 27,888 shares of the asset manager’s stock valued at $535,000 after purchasing an additional 14,192 shares in the last quarter. Finally, Atria Wealth Solutions Inc. raised its position in shares of Fidus Investment by 8.9% in the third quarter. Atria Wealth Solutions Inc. now owns 16,853 shares of the asset manager’s stock valued at $324,000 after buying an additional 1,379 shares during the last quarter. 28.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, B. Riley downgraded Fidus Investment from a “buy” rating to a “neutral” rating and set a $22.00 price target for the company. in a report on Monday, January 8th.

Fidus Investment Trading Up 0.8 %

Shares of FDUS stock opened at $20.12 on Tuesday. Fidus Investment Co. has a 52 week low of $17.63 and a 52 week high of $21.25. The company has a market cap of $632.37 million, a PE ratio of 6.99 and a beta of 1.39. The company’s fifty day simple moving average is $19.56 and its 200-day simple moving average is $19.39.

Fidus Investment (NASDAQ:FDUS) last issued its quarterly earnings data on Thursday, February 29th. The asset manager reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.09. Fidus Investment had a return on equity of 12.79% and a net margin of 59.28%. The company had revenue of $36.31 million for the quarter, compared to analysts’ expectations of $32.83 million. Equities research analysts expect that Fidus Investment Co. will post 2.36 EPS for the current fiscal year.

Fidus Investment Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 20th were given a dividend of $0.65 per share. This is a boost from Fidus Investment’s previous quarterly dividend of $0.53. This represents a $2.60 dividend on an annualized basis and a dividend yield of 12.92%. The ex-dividend date was Tuesday, March 19th. Fidus Investment’s payout ratio is presently 59.72%.

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.