D.A. Davidson & CO. boosted its holdings in Fidus Investment Corp (NASDAQ:FDUS) by 8.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,615 shares of the asset manager’s stock after purchasing an additional 504 shares during the quarter. D.A. Davidson & CO.’s holdings in Fidus Investment Corp were worth $111,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of FDUS. Novare Capital Management LLC bought a new position in Fidus Investment Corp in the 2nd quarter worth approximately $5,564,000. Opus Capital Group LLC boosted its stake in Fidus Investment Corp by 1,575.2% in the 2nd quarter. Opus Capital Group LLC now owns 223,845 shares of the asset manager’s stock worth $3,765,000 after purchasing an additional 210,483 shares during the period. UBS Group AG boosted its stake in Fidus Investment Corp by 20.9% in the 1st quarter. UBS Group AG now owns 559,907 shares of the asset manager’s stock worth $9,838,000 after purchasing an additional 96,885 shares during the period. BB&T Securities LLC boosted its stake in Fidus Investment Corp by 74.2% in the 2nd quarter. BB&T Securities LLC now owns 177,874 shares of the asset manager’s stock worth $2,992,000 after purchasing an additional 75,738 shares during the period. Finally, Advisors Asset Management Inc. boosted its stake in Fidus Investment Corp by 13.6% in the 2nd quarter. Advisors Asset Management Inc. now owns 434,316 shares of the asset manager’s stock worth $7,305,000 after purchasing an additional 51,969 shares during the period. Institutional investors and hedge funds own 30.68% of the company’s stock.
FDUS has been the subject of several recent analyst reports. Zacks Investment Research downgraded Fidus Investment Corp from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. BidaskClub downgraded Fidus Investment Corp from a “buy” rating to a “hold” rating in a research note on Friday, July 14th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $17.50.
Fidus Investment Corp (NASDAQ:FDUS) opened at 16.12 on Thursday. Fidus Investment Corp has a 52-week low of $14.33 and a 52-week high of $18.21. The stock’s 50 day moving average price is $16.08 and its 200-day moving average price is $16.80.
The company also recently declared a quarterly dividend, which was paid on Friday, September 22nd. Investors of record on Friday, September 8th were given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 9.68%. The ex-dividend date was Thursday, September 7th. Fidus Investment Corp’s payout ratio is 80.83%.
About Fidus Investment Corp
Fidus Investment Corporation is a closed-end, non-diversified investment company. The Company provides customized debt and equity financing solutions to lower middle-market companies. The Company’s investment objective is to provide attractive risk-adjusted returns by generating both current income from its debt investments and capital appreciation from its equity-related investments.
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