34,071 Shares in Fidus Investment Co. (NASDAQ:FDUS) Purchased by Riverbridge Partners LLC

Riverbridge Partners LLC purchased a new position in Fidus Investment Co. (NASDAQ:FDUS) during the 4th quarter, HoldingsChannel reports. The institutional investor purchased 34,071 shares of the asset manager’s stock, valued at approximately $716,000.

Other institutional investors also recently bought and sold shares of the company. Envestnet Asset Management Inc. increased its stake in shares of Fidus Investment by 17.4% in the second quarter. Envestnet Asset Management Inc. now owns 225,904 shares of the asset manager’s stock worth $4,401,000 after acquiring an additional 33,474 shares during the period. NewEdge Advisors LLC boosted its holdings in Fidus Investment by 9.3% in the second quarter. NewEdge Advisors LLC now owns 122,359 shares of the asset manager’s stock valued at $2,384,000 after purchasing an additional 10,364 shares during the last quarter. Cetera Investment Advisers grew its position in Fidus Investment by 18.1% during the 2nd quarter. Cetera Investment Advisers now owns 233,826 shares of the asset manager’s stock worth $4,555,000 after purchasing an additional 35,861 shares during the period. PFG Advisors raised its stake in shares of Fidus Investment by 1.6% during the 3rd quarter. PFG Advisors now owns 181,172 shares of the asset manager’s stock valued at $3,551,000 after buying an additional 2,768 shares during the last quarter. Finally, Cornerstone Wealth Management LLC lifted its holdings in shares of Fidus Investment by 10.4% in the 3rd quarter. Cornerstone Wealth Management LLC now owns 19,437 shares of the asset manager’s stock valued at $381,000 after buying an additional 1,838 shares during the period. 28.14% of the stock is owned by hedge funds and other institutional investors.

Fidus Investment Stock Performance

Shares of NASDAQ FDUS opened at $22.14 on Friday. The company has a market capitalization of $750.99 million, a PE ratio of 7.91 and a beta of 1.39. The company’s fifty day moving average price is $21.07 and its 200 day moving average price is $20.15. Fidus Investment Co. has a 1 year low of $18.41 and a 1 year high of $22.20.

Fidus Investment (NASDAQ:FDUS) last posted its earnings results on Thursday, October 31st. The asset manager reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.04. Fidus Investment had a net margin of 60.09% and a return on equity of 12.11%. The business had revenue of $38.38 million for the quarter, compared to analyst estimates of $36.43 million. During the same period in the prior year, the company posted $0.68 EPS. On average, equities analysts expect that Fidus Investment Co. will post 2.28 EPS for the current year.

Fidus Investment Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Tuesday, December 17th were given a $0.61 dividend. The ex-dividend date of this dividend was Tuesday, December 17th. This is a boost from Fidus Investment’s previous quarterly dividend of $0.57. This represents a $2.44 dividend on an annualized basis and a dividend yield of 11.02%. Fidus Investment’s payout ratio is 61.43%.

About Fidus Investment

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.