Fiduciary Alliance LLC Purchases New Position in Fidus Investment Co. (NASDAQ:FDUS)

Fiduciary Alliance LLC purchased a new stake in Fidus Investment Co. (NASDAQ:FDUSFree Report) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 13,025 shares of the asset manager’s stock, valued at approximately $274,000.

Several other hedge funds have also bought and sold shares of the stock. Commonwealth Equity Services LLC grew its position in shares of Fidus Investment by 8.6% during the 2nd quarter. Commonwealth Equity Services LLC now owns 28,801 shares of the asset manager’s stock valued at $561,000 after acquiring an additional 2,272 shares during the period. Envestnet Asset Management Inc. grew its holdings in Fidus Investment by 17.4% in the second quarter. Envestnet Asset Management Inc. now owns 225,904 shares of the asset manager’s stock valued at $4,401,000 after purchasing an additional 33,474 shares during the period. NewEdge Advisors LLC grew its holdings in Fidus Investment by 9.3% in the second quarter. NewEdge Advisors LLC now owns 122,359 shares of the asset manager’s stock valued at $2,384,000 after purchasing an additional 10,364 shares during the period. Cetera Investment Advisers increased its position in shares of Fidus Investment by 18.1% in the second quarter. Cetera Investment Advisers now owns 233,826 shares of the asset manager’s stock valued at $4,555,000 after buying an additional 35,861 shares in the last quarter. Finally, PFG Advisors raised its stake in shares of Fidus Investment by 1.6% during the 3rd quarter. PFG Advisors now owns 181,172 shares of the asset manager’s stock worth $3,551,000 after buying an additional 2,768 shares during the period. Hedge funds and other institutional investors own 28.14% of the company’s stock.

Fidus Investment Stock Performance

Fidus Investment stock opened at $21.04 on Wednesday. The stock has a market capitalization of $713.57 million, a P/E ratio of 7.51 and a beta of 1.39. The company’s fifty day moving average price is $20.80 and its 200 day moving average price is $20.04. Fidus Investment Co. has a 1 year low of $18.41 and a 1 year high of $21.68.

Fidus Investment (NASDAQ:FDUSGet Free Report) last announced its earnings results on Thursday, October 31st. The asset manager reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.04. Fidus Investment had a net margin of 60.09% and a return on equity of 12.11%. The business had revenue of $38.38 million for the quarter, compared to analyst estimates of $36.43 million. During the same quarter last year, the business earned $0.68 earnings per share. Sell-side analysts predict that Fidus Investment Co. will post 2.28 EPS for the current year.

Fidus Investment Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Tuesday, December 17th were paid a dividend of $0.61 per share. This is a positive change from Fidus Investment’s previous quarterly dividend of $0.57. This represents a $2.44 annualized dividend and a yield of 11.60%. The ex-dividend date was Tuesday, December 17th. Fidus Investment’s payout ratio is 61.43%.

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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