First Horizon Advisors Inc. Takes $69,000 Position in Fidus Investment Co. (NASDAQ:FDUS)

First Horizon Advisors Inc. purchased a new position in shares of Fidus Investment Co. (NASDAQ:FDUS) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 3,527 shares of the asset manager’s stock, valued at approximately $69,000.

Several other hedge funds and other institutional investors have also bought and sold shares of FDUS. Kingfisher Capital LLC raised its holdings in shares of Fidus Investment by 3.8% in the 3rd quarter. Kingfisher Capital LLC now owns 26,572 shares of the asset manager’s stock worth $510,000 after purchasing an additional 966 shares during the period. Atria Wealth Solutions Inc. lifted its position in shares of Fidus Investment by 8.9% during the 3rd 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. Capital Investment Advisory Services LLC grew its stake in shares of Fidus Investment by 4.8% during the 3rd quarter. Capital Investment Advisory Services LLC now owns 35,957 shares of the asset manager’s stock worth $690,000 after acquiring an additional 1,641 shares during the period. Muzinich & Co. Inc. raised its stake in Fidus Investment by 3.7% in the 3rd quarter. Muzinich & Co. Inc. now owns 65,741 shares of the asset manager’s stock valued at $1,262,000 after acquiring an additional 2,335 shares during the period. Finally, Janney Montgomery Scott LLC raised its stake in Fidus Investment by 10.5% in the 3rd quarter. Janney Montgomery Scott LLC now owns 42,754 shares of the asset manager’s stock valued at $821,000 after acquiring an additional 4,072 shares during the period. Hedge funds and other institutional investors own 28.14% of the company’s stock.

Fidus Investment Stock Down 0.4 %

Shares of NASDAQ:FDUS opened at $19.85 on Wednesday. The company has a 50-day moving average price of $19.69 and a two-hundred day moving average price of $19.54. Fidus Investment Co. has a twelve month low of $17.63 and a twelve month high of $21.25. The firm has a market capitalization of $626.27 million, a PE ratio of 6.82 and a beta of 1.36.

Fidus Investment (NASDAQ:FDUS) last issued its earnings results on Thursday, February 29th. The asset manager reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.09. Fidus Investment had a net margin of 60.25% and a return on equity of 12.69%. The business had revenue of $36.31 million for the quarter, compared to analysts’ expectations of $32.83 million. Analysts anticipate that Fidus Investment Co. will post 2.36 earnings per share for the current fiscal year.

Fidus Investment Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 26th. Shareholders of record on Wednesday, June 19th will be paid a $0.43 dividend. The ex-dividend date is Tuesday, June 18th. This represents a $1.72 annualized dividend and a yield of 8.66%. Fidus Investment’s dividend payout ratio is currently 59.11%.

Fidus Investment Company 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.