Mackenzie Financial Corp Trims Holdings in Fidus Investment Co. (NASDAQ:FDUS)

Mackenzie Financial Corp trimmed its stake in Fidus Investment Co. (NASDAQ:FDUSGet Rating) by 37.6% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 41,438 shares of the asset manager’s stock after selling 24,979 shares during the period. Mackenzie Financial Corp’s holdings in Fidus Investment were worth $723,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in FDUS. Van ECK Associates Corp grew its holdings in Fidus Investment by 52.6% during the 1st quarter. Van ECK Associates Corp now owns 568,106 shares of the asset manager’s stock worth $11,464,000 after acquiring an additional 195,933 shares in the last quarter. Advisors Asset Management Inc. grew its holdings in Fidus Investment by 22.5% during the 2nd quarter. Advisors Asset Management Inc. now owns 259,006 shares of the asset manager’s stock worth $4,520,000 after acquiring an additional 47,500 shares in the last quarter. PFG Advisors acquired a new position in shares of Fidus Investment in the 2nd quarter valued at $654,000. Pictet North America Advisors SA acquired a new position in shares of Fidus Investment in the 2nd quarter valued at $543,000. Finally, Banque Pictet & Cie SA acquired a new position in shares of Fidus Investment in the 2nd quarter valued at $543,000.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on FDUS shares. B. Riley started coverage on shares of Fidus Investment in a report on Friday, October 14th. They issued a “buy” rating and a $18.00 target price for the company. StockNews.com started coverage on shares of Fidus Investment in a report on Wednesday, October 12th. They issued a “hold” rating for the company. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $19.50.

Fidus Investment Price Performance

Shares of NASDAQ:FDUS opened at $20.40 on Friday. The stock has a market cap of $498.58 million, a P/E ratio of 6.11 and a beta of 1.52. The firm has a fifty day moving average price of $18.59 and a 200 day moving average price of $18.89. Fidus Investment Co. has a 1-year low of $16.40 and a 1-year high of $21.25.

Fidus Investment Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 16th. Investors of record on Friday, December 2nd will be paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 7.06%. The ex-dividend date is Thursday, December 1st. Fidus Investment’s dividend payout ratio is currently 43.11%.

Fidus Investment Company Profile

(Get Rating)

Fidus Investment Corporation is a business development company 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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Institutional Ownership by Quarter for Fidus Investment (NASDAQ:FDUS)

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