Optimum Investment Advisors Has $394,000 Position in Fidus Investment Co. (NASDAQ:FDUS)

Optimum Investment Advisors grew its position in Fidus Investment Co. (NASDAQ:FDUS) by 8.3% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 18,755 shares of the asset manager’s stock after purchasing an additional 1,430 shares during the quarter. Optimum Investment Advisors’ holdings in Fidus Investment were worth $394,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Millstone Evans Group LLC acquired a new position in shares of Fidus Investment in the 4th quarter valued at approximately $77,000. Palogic Value Management L.P. grew its holdings in shares of Fidus Investment by 11.9% during the 4th quarter. Palogic Value Management L.P. now owns 63,822 shares of the asset manager’s stock valued at $1,342,000 after purchasing an additional 6,804 shares during the last quarter. PFG Advisors grew its holdings in shares of Fidus Investment by 1.0% during the 4th quarter. PFG Advisors now owns 183,047 shares of the asset manager’s stock valued at $3,848,000 after purchasing an additional 1,875 shares during the last quarter. HighTower Advisors LLC grew its holdings in shares of Fidus Investment by 164.5% during the 4th quarter. HighTower Advisors LLC now owns 87,985 shares of the asset manager’s stock valued at $1,849,000 after purchasing an additional 54,722 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in shares of Fidus Investment by 3,378.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 26,090 shares of the asset manager’s stock valued at $548,000 after purchasing an additional 25,340 shares during the last quarter. 28.14% of the stock is currently owned by institutional investors and hedge funds.

Fidus Investment Trading Up 0.2 %

Shares of Fidus Investment stock opened at $20.52 on Friday. Fidus Investment Co. has a 1 year low of $18.41 and a 1 year high of $23.55. The firm has a market capitalization of $695.94 million, a PE ratio of 7.33 and a beta of 1.39. The firm’s 50 day moving average is $22.20 and its 200 day moving average is $20.94.

Fidus Investment Announces Dividend

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

Analysts Set New Price Targets

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 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.