Fidus Investment Co. (NASDAQ:FDUS) Shares Acquired by Raymond James Trust N.A.

Raymond James Trust N.A. boosted its holdings in Fidus Investment Co. (NASDAQ:FDUS) by 49.4% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 56,338 shares of the asset manager’s stock after purchasing an additional 18,638 shares during the quarter. Raymond James Trust N.A. owned about 0.18% of Fidus Investment worth $1,097,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC increased its position in shares of Fidus Investment by 1.3% during the first quarter. Janney Montgomery Scott LLC now owns 39,429 shares of the asset manager’s stock worth $778,000 after purchasing an additional 500 shares in the last quarter. Spire Wealth Management lifted its stake in Fidus Investment by 35.3% in the fourth quarter. Spire Wealth Management now owns 2,351 shares of the asset manager’s stock valued at $46,000 after buying an additional 613 shares during the last quarter. Sound Income Strategies LLC lifted its stake in Fidus Investment by 8.7% in the first quarter. Sound Income Strategies LLC now owns 8,974 shares of the asset manager’s stock valued at $177,000 after buying an additional 721 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its holdings in shares of Fidus Investment by 5.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 21,923 shares of the asset manager’s stock valued at $432,000 after acquiring an additional 1,037 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its position in shares of Fidus Investment by 20.0% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 12,866 shares of the asset manager’s stock worth $251,000 after acquiring an additional 2,140 shares during the last quarter. 28.14% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Fidus Investment Stock Up 0.1 %

Shares of Fidus Investment stock traded up $0.01 on Monday, hitting $19.94. The company’s stock had a trading volume of 29,996 shares, compared to its average volume of 242,899. The firm has a fifty day moving average price of $19.53 and a 200-day moving average price of $19.67. Fidus Investment Co. has a 52-week low of $17.63 and a 52-week high of $20.60. The company has a market capitalization of $629.19 million, a P/E ratio of 6.85 and a beta of 1.40.

Fidus Investment (NASDAQ:FDUS) last released its quarterly earnings results on Thursday, August 1st. The asset manager reported $0.57 earnings per share for the quarter, hitting the consensus estimate of $0.57. Fidus Investment had a return on equity of 12.63% and a net margin of 67.43%. The company had revenue of $35.66 million during the quarter, compared to the consensus estimate of $34.88 million. During the same quarter last year, the business posted $0.62 earnings per share. As a group, analysts expect that Fidus Investment Co. will post 2.28 earnings per share for the current year.

Fidus Investment Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 26th. Shareholders of record on Thursday, September 19th will be paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 11.43%. This is a positive change from Fidus Investment’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Thursday, September 19th. Fidus Investment’s dividend payout ratio (DPR) is presently 59.11%.

Fidus Investment 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.