Advisors Asset Management Inc. Increases Position in Fidus Investment Co. (NASDAQ:FDUS)

Advisors Asset Management Inc. boosted its stake in shares of Fidus Investment Co. (NASDAQ:FDUS) by 9.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 208,166 shares of the asset manager’s stock after buying an additional 17,929 shares during the quarter. Advisors Asset Management Inc.’s holdings in Fidus Investment were worth $4,080,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in FDUS. Cetera Investment Advisers raised its position in Fidus Investment by 42.2% during the first quarter. Cetera Investment Advisers now owns 197,965 shares of the asset manager’s stock worth $3,908,000 after acquiring an additional 58,768 shares during the last quarter. Cetera Advisors LLC raised its position in shares of Fidus Investment by 611.5% during the 1st quarter. Cetera Advisors LLC now owns 71,651 shares of the asset manager’s stock worth $1,414,000 after purchasing an additional 61,580 shares during the last quarter. Van ECK Associates Corp lifted its stake in Fidus Investment by 11.5% in the 3rd quarter. Van ECK Associates Corp now owns 809,411 shares of the asset manager’s stock valued at $15,808,000 after buying an additional 83,538 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in Fidus Investment by 23.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 7,467 shares of the asset manager’s stock valued at $146,000 after buying an additional 1,426 shares during the last quarter. Finally, Legacy Capital Wealth Partners LLC purchased a new position in Fidus Investment during the second quarter worth $1,521,000. 28.14% of the stock is owned by hedge funds and other institutional investors.

Fidus Investment Price Performance

Fidus Investment stock opened at $20.97 on Friday. The firm’s 50-day moving average is $19.77 and its two-hundred day moving average is $19.74. The stock has a market capitalization of $711.30 million, a P/E ratio of 7.49 and a beta of 1.40. Fidus Investment Co. has a 12-month low of $18.41 and a 12-month high of $21.00.

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

Fidus Investment Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Tuesday, December 17th will be paid a $0.61 dividend. 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 11.64%. The ex-dividend date is Tuesday, December 17th. Fidus Investment’s dividend payout ratio is presently 61.43%.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods upgraded Fidus Investment to a “hold” rating in a research report on Monday, August 5th.

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.