Fidus Investment Corp (FDUS) Holdings Increased by Novare Capital Management LLC

Novare Capital Management LLC raised its holdings in Fidus Investment Corp (NASDAQ:FDUS) by 2.3% during the 4th quarter, HoldingsChannel reports. The fund owned 353,594 shares of the asset manager’s stock after acquiring an additional 8,050 shares during the quarter. Novare Capital Management LLC’s holdings in Fidus Investment were worth $5,368,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. BB&T Securities LLC raised its holdings in shares of Fidus Investment by 23.4% during the 3rd quarter. BB&T Securities LLC now owns 219,466 shares of the asset manager’s stock valued at $3,529,000 after buying an additional 41,592 shares in the last quarter. D.A. Davidson & CO. raised its holdings in shares of Fidus Investment by 51.3% during the 3rd quarter. D.A. Davidson & CO. now owns 10,009 shares of the asset manager’s stock valued at $160,000 after buying an additional 3,394 shares in the last quarter. Yorktown Management & Research Co Inc raised its holdings in shares of Fidus Investment by 14.6% during the 3rd quarter. Yorktown Management & Research Co Inc now owns 275,000 shares of the asset manager’s stock valued at $4,422,000 after buying an additional 35,000 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD raised its holdings in shares of Fidus Investment by 9.9% during the 3rd quarter. Sumitomo Mitsui Asset Management Company LTD now owns 286,058 shares of the asset manager’s stock valued at $4,599,000 after buying an additional 25,711 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. raised its holdings in shares of Fidus Investment by 4.3% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 496,469 shares of the asset manager’s stock valued at $7,983,000 after buying an additional 20,675 shares in the last quarter. 31.83% of the stock is currently owned by hedge funds and other institutional investors.

Fidus Investment Corp (NASDAQ FDUS) opened at $14.03 on Thursday. The company has a market capitalization of $331.88, a P/E ratio of 7.12 and a beta of 0.99. Fidus Investment Corp has a 12 month low of $13.18 and a 12 month high of $18.21.

A number of brokerages recently weighed in on FDUS. Zacks Investment Research raised Fidus Investment from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a report on Thursday, January 4th. BidaskClub cut Fidus Investment from a “sell” rating to a “strong sell” rating in a report on Saturday, December 9th.

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Fidus Investment Company Profile

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.

Want to see what other hedge funds are holding FDUS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fidus Investment Corp (NASDAQ:FDUS).

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

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