Wells Fargo & Company MN lessened its holdings in shares of Fidus Investment Co. (NASDAQ:FDUS) by 37.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,220 shares of the asset manager’s stock after selling 5,000 shares during the period. Wells Fargo & Company MN’s holdings in Fidus Investment were worth $108,000 as of its most recent filing with the SEC.
A number of other large investors also recently made changes to their positions in FDUS. Morgan Stanley raised its stake in Fidus Investment by 100.6% during the third quarter. Morgan Stanley now owns 113,813 shares of the asset manager’s stock worth $1,121,000 after buying an additional 57,067 shares during the last quarter. Chiron Capital Management LLC acquired a new position in shares of Fidus Investment during the third quarter worth approximately $47,000. Van ECK Associates Corp increased its stake in Fidus Investment by 5.2% during the 3rd quarter. Van ECK Associates Corp now owns 316,534 shares of the asset manager’s stock valued at $3,118,000 after purchasing an additional 15,719 shares in the last quarter. FNY Investment Advisers LLC bought a new stake in shares of Fidus Investment during the fourth quarter worth about $39,000. Finally, Eagle Global Advisors LLC raised its holdings in shares of Fidus Investment by 34.6% in the 4th quarter. Eagle Global Advisors LLC now owns 53,730 shares of the asset manager’s stock worth $704,000 after acquiring an additional 13,800 shares during the last quarter. 22.86% of the stock is owned by institutional investors and hedge funds.
NASDAQ FDUS opened at $16.54 on Wednesday. The stock’s 50 day moving average is $15.78 and its 200 day moving average is $13.40. Fidus Investment Co. has a twelve month low of $7.63 and a twelve month high of $17.12. The firm has a market capitalization of $404.19 million, a PE ratio of 18.38 and a beta of 1.89.
The firm also recently declared a None dividend, which was paid on Friday, March 26th. Shareholders of record on Friday, March 12th were given a $0.38 dividend. The ex-dividend date of this dividend was Thursday, March 11th. This represents a yield of 8.6%. Fidus Investment’s payout ratio is presently 86.11%.
A number of equities analysts have recently weighed in on FDUS shares. B. Riley boosted their target price on Fidus Investment from $14.50 to $16.50 and gave the stock a “buy” rating in a research note on Monday, March 1st. Raymond James raised their price target on Fidus Investment from $14.00 to $16.00 and gave the stock an “outperform” rating in a report on Monday, March 8th. Keefe, Bruyette & Woods upgraded Fidus Investment from a “market perform” rating to an “outperform” rating in a research note on Monday, March 1st. Zacks Investment Research downgraded Fidus Investment from a “buy” rating to a “hold” rating in a research note on Wednesday, March 3rd. Finally, Hovde Group began coverage on shares of Fidus Investment in a report on Friday, March 5th. They set an “outperform” rating and a $17.00 target price on the stock. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Fidus Investment currently has a consensus rating of “Buy” and an average price target of $15.50.
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.
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