Fidus Investment Corp. (FDUS) Trading Up 2.2%
Shares of Fidus Investment Corp. (NASDAQ:FDUS) were up 2.2% during trading on Tuesday . The company traded as high as $15.81 and last traded at $15.64, with a volume of 57,580 shares trading hands. The stock had previously closed at $15.30.
A number of analysts recently commented on FDUS shares. Zacks Investment Research cut shares of Fidus Investment Corp. from a “hold” rating to a “sell” rating in a research report on Monday, July 4th. Robert W. Baird restated an “outperform” rating and issued a $17.00 price objective on shares of Fidus Investment Corp. in a research report on Monday, August 8th.
The company’s 50 day moving average price is $15.87 and its 200-day moving average price is $15.48.
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The business also recently announced a quarterly dividend, which will be paid on Friday, September 23rd. Shareholders of record on Friday, September 9th will be paid a dividend of $0.39 per share. The ex-dividend date is Wednesday, September 7th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 10.07%. Fidus Investment Corp.’s payout ratio is presently 77.23%.
Several hedge funds have recently bought and sold shares of the company. Raymond James & Associates boosted its stake in Fidus Investment Corp. by 20.3% in the second quarter. Raymond James & Associates now owns 762,937 shares of the company’s stock worth $11,650,000 after buying an additional 128,666 shares during the last quarter. Advisors Asset Management Inc. boosted its stake in Fidus Investment Corp. by 29.7% in the second quarter. Advisors Asset Management Inc. now owns 405,894 shares of the company’s stock worth $6,198,000 after buying an additional 92,935 shares during the last quarter. West Family Investments Inc. boosted its stake in Fidus Investment Corp. by 21.1% in the second quarter. West Family Investments Inc. now owns 299,230 shares of the company’s stock worth $4,569,000 after buying an additional 52,101 shares during the last quarter. Nuveen Fund Advisors LLC bought a new stake in Fidus Investment Corp. during the second quarter worth $670,000. Finally, Muzinich & Co. Inc. boosted its stake in Fidus Investment Corp. by 37.1% in the second quarter. Muzinich & Co. Inc. now owns 104,241 shares of the company’s stock worth $1,592,000 after buying an additional 28,235 shares during the last quarter. 20.33% of the stock is currently owned by hedge funds and other institutional investors.
About Fidus Investment Corp.
Fidus Investment Corporation is a business development company. The Company provides customized debt and equity financing solutions to lower middle-market companies. Its investment objective is to provide risk-adjusted returns by generating both current income from its debt investments and capital appreciation from its equity related investments.
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