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

Advisors Asset Management Inc. raised its stake in Fidus Investment Co. (NASDAQ:FDUS) by 9.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 208,166 shares of the asset manager’s stock after purchasing an additional 17,929 shares during the period. Advisors Asset Management Inc. owned 0.61% of Fidus Investment worth $4,080,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Van ECK Associates Corp increased its position in Fidus Investment by 11.5% during the third quarter. Van ECK Associates Corp now owns 809,411 shares of the asset manager’s stock worth $15,808,000 after buying an additional 83,538 shares during the period. Cetera Investment Advisers increased its holdings in shares of Fidus Investment by 18.1% in the 2nd quarter. Cetera Investment Advisers now owns 233,826 shares of the asset manager’s stock valued at $4,555,000 after acquiring an additional 35,861 shares during the period. Envestnet Asset Management Inc. raised its position in Fidus Investment by 17.4% in the 2nd 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 last quarter. PFG Advisors boosted its stake in 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 purchasing an additional 2,768 shares during the period. Finally, NewEdge Advisors LLC grew its position in Fidus Investment by 9.3% during the 2nd quarter. NewEdge Advisors LLC now owns 122,359 shares of the asset manager’s stock worth $2,384,000 after purchasing an additional 10,364 shares during the last quarter. Institutional investors and hedge funds own 28.14% of the company’s stock.

Fidus Investment Trading Up 1.0 %

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

Fidus Investment (NASDAQ:FDUS) last announced its quarterly earnings data 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. The company had revenue of $38.38 million for the quarter, compared to analysts’ expectations of $36.43 million. Fidus Investment had a net margin of 60.09% and a return on equity of 12.11%. During the same period in the previous year, the company posted $0.68 EPS. As a group, equities analysts predict that Fidus Investment Co. will post 2.28 earnings per share for the current fiscal year.

Fidus Investment Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Tuesday, December 17th will be issued a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 11.64%. The ex-dividend date of this dividend is Tuesday, December 17th. This is a positive change from Fidus Investment’s previous quarterly dividend of $0.57. Fidus Investment’s payout ratio is currently 61.43%.

Analyst Upgrades and Downgrades

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