Van ECK Associates Corp Has $7.62 Million Stake in Fidus Investment Co. (NASDAQ:FDUS)

Van ECK Associates Corp boosted its position in Fidus Investment Co. (NASDAQ:FDUSFree Report) by 7.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 396,645 shares of the asset manager’s stock after buying an additional 29,098 shares during the period. Van ECK Associates Corp owned approximately 1.57% of Fidus Investment worth $7,616,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FDUS. Tower Research Capital LLC TRC lifted its stake in Fidus Investment by 80.9% in the first quarter. Tower Research Capital LLC TRC now owns 1,623 shares of the asset manager’s stock valued at $31,000 after purchasing an additional 726 shares during the last quarter. JPMorgan Chase & Co. purchased a new position in Fidus Investment in the second quarter valued at approximately $50,000. RFP Financial Group LLC purchased a new position in Fidus Investment in the second quarter valued at approximately $58,000. Captrust Financial Advisors purchased a new position in Fidus Investment in the second quarter valued at approximately $108,000. Finally, Nisa Investment Advisors LLC purchased a new position in Fidus Investment in the third quarter valued at approximately $140,000. 19.01% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

View Our Latest Stock Report on FDUS

Fidus Investment Price Performance

NASDAQ:FDUS opened at $19.01 on Friday. The company has a market cap of $540.83 million, a P/E ratio of 8.80 and a beta of 1.41. The stock’s fifty day moving average price is $19.65 and its two-hundred day moving average price is $19.37. Fidus Investment Co. has a 1 year low of $17.63 and a 1 year high of $21.25.

About Fidus Investment

(Free Report)

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.

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Institutional Ownership by Quarter for Fidus Investment (NASDAQ:FDUS)

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