PFG Advisors Has $3.85 Million Stock Position in Fidus Investment Co. (NASDAQ:FDUS)

PFG Advisors lifted its stake in Fidus Investment Co. (NASDAQ:FDUS) by 1.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 183,047 shares of the asset manager’s stock after buying an additional 1,875 shares during the period. PFG Advisors owned about 0.54% of Fidus Investment worth $3,848,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of FDUS. Raymond James Financial Inc. acquired a new position in Fidus Investment during the fourth quarter worth $20,539,000. Van ECK Associates Corp grew its holdings in shares of Fidus Investment by 1.2% in the 4th quarter. Van ECK Associates Corp now owns 819,011 shares of the asset manager’s stock worth $17,215,000 after purchasing an additional 9,600 shares during the last quarter. Columbus Macro LLC acquired a new stake in shares of Fidus Investment during the 4th quarter worth about $5,610,000. Advisors Asset Management Inc. lifted its holdings in Fidus Investment by 9.4% during the 3rd quarter. Advisors Asset Management Inc. now owns 208,166 shares of the asset manager’s stock valued at $4,080,000 after purchasing an additional 17,929 shares during the last quarter. Finally, Franklin Resources Inc. boosted its position in Fidus Investment by 37.0% in the third quarter. Franklin Resources Inc. now owns 116,472 shares of the asset manager’s stock valued at $2,269,000 after buying an additional 31,426 shares in the last quarter. Institutional investors own 28.14% of the company’s stock.

Fidus Investment Stock Performance

Shares of NASDAQ:FDUS opened at $21.53 on Wednesday. The business has a fifty day moving average of $22.22 and a 200-day moving average of $20.89. Fidus Investment Co. has a twelve month low of $18.41 and a twelve month high of $23.55. The firm has a market cap of $730.19 million, a PE ratio of 7.69 and a beta of 1.39.

Fidus Investment Announces Dividend

The business also recently announced a — dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 20th will be paid a $0.11 dividend. This represents a dividend yield of 7.4%. The ex-dividend date of this dividend is Thursday, March 20th. Fidus Investment’s dividend payout ratio is presently 71.37%.

Analyst Ratings Changes

Separately, LADENBURG THALM/SH SH lowered shares of Fidus Investment from a “strong-buy” rating to a “hold” rating in a report on Friday, March 7th.

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.