3,596 Shares in Fidus Investment Co. (NASDAQ:FDUS) Bought by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC bought a new stake in shares of Fidus Investment Co. (NASDAQ:FDUS) in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 3,596 shares of the asset manager’s stock, valued at approximately $73,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. EntryPoint Capital LLC bought a new stake in shares of Fidus Investment during the 1st quarter valued at about $45,000. Spire Wealth Management lifted its holdings in shares of Fidus Investment by 35.3% in the 4th quarter. Spire Wealth Management now owns 2,351 shares of the asset manager’s stock worth $46,000 after purchasing an additional 613 shares during the last quarter. MeadowBrook Investment Advisors LLC acquired a new position in Fidus Investment during the 4th quarter valued at approximately $57,000. First Horizon Advisors Inc. bought a new position in Fidus Investment during the 4th quarter worth $69,000. Finally, Cape Investment Advisory Inc. acquired a new stake in Fidus Investment in the fourth quarter worth $96,000. 28.14% of the stock is owned by institutional investors and hedge funds.

Fidus Investment Stock Up 3.0 %

FDUS stock traded up $0.57 during mid-day trading on Tuesday, reaching $19.33. The company had a trading volume of 134,219 shares, compared to its average volume of 250,863. The stock’s 50-day simple moving average is $19.67 and its two-hundred day simple moving average is $19.66. The stock has a market capitalization of $609.94 million, a P/E ratio of 6.45 and a beta of 1.40. Fidus Investment Co. has a one year low of $17.63 and a one year high of $20.76.

Fidus Investment (NASDAQ:FDUS) last posted its earnings results on Thursday, August 1st. The asset manager reported $0.57 EPS for the quarter, hitting the consensus estimate of $0.57. The firm had revenue of $35.66 million during the quarter, compared to analysts’ expectations of $34.88 million. Fidus Investment had a net margin of 67.43% and a return on equity of 12.63%. During the same quarter in the prior year, the firm earned $0.62 EPS. On average, research analysts forecast that Fidus Investment Co. will post 2.28 EPS for the current fiscal year.

Fidus Investment Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 26th. Investors of record on Thursday, September 19th will be issued a $0.57 dividend. The ex-dividend date of this dividend is Thursday, September 19th. This represents a $2.28 annualized dividend and a yield of 11.80%. This is an increase from Fidus Investment’s previous quarterly dividend of $0.43. Fidus Investment’s dividend payout ratio is presently 59.11%.

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.