Mackenzie Financial Corp Decreases Stake in Fidus Investment Co. (NASDAQ:FDUS)

Mackenzie Financial Corp lowered its stake in Fidus Investment Co. (NASDAQ:FDUSGet Rating) by 37.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 41,438 shares of the asset manager’s stock after selling 24,979 shares during the period. Mackenzie Financial Corp owned 0.17% of Fidus Investment worth $723,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Meeder Asset Management Inc. purchased a new position in shares of Fidus Investment in the first quarter worth $30,000. Belpointe Asset Management LLC raised its holdings in shares of Fidus Investment by 9.9% during the second quarter. Belpointe Asset Management LLC now owns 8,265 shares of the asset manager’s stock worth $144,000 after purchasing an additional 747 shares during the last quarter. Cambridge Investment Research Advisors Inc. purchased a new position in shares of Fidus Investment during the second quarter worth $180,000. MAI Capital Management raised its holdings in shares of Fidus Investment by 6.3% during the second quarter. MAI Capital Management now owns 13,273 shares of the asset manager’s stock worth $232,000 after purchasing an additional 791 shares during the last quarter. Finally, Royal Bank of Canada raised its holdings in shares of Fidus Investment by 27.4% during the first quarter. Royal Bank of Canada now owns 15,740 shares of the asset manager’s stock worth $317,000 after purchasing an additional 3,383 shares during the last quarter.

Fidus Investment Stock Performance

FDUS opened at $20.40 on Friday. Fidus Investment Co. has a fifty-two week low of $16.40 and a fifty-two week high of $21.25. The company has a fifty day moving average of $18.59 and a two-hundred day moving average of $18.89. The stock has a market capitalization of $498.58 million, a price-to-earnings ratio of 6.11 and a beta of 1.52.

Fidus Investment Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 16th. Shareholders of record on Friday, December 2nd will be issued a $0.36 dividend. The ex-dividend date of this dividend is Thursday, December 1st. This represents a $1.44 dividend on an annualized basis and a yield of 7.06%. Fidus Investment’s payout ratio is 43.11%.

Analysts Set New Price Targets

FDUS has been the subject of several recent research reports. StockNews.com initiated coverage on shares of Fidus Investment in a report on Wednesday, October 12th. They set a “hold” rating for the company. B. Riley initiated coverage on shares of Fidus Investment in a report on Friday, October 14th. They set a “buy” rating and a $18.00 target price for the company. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $19.50.

Fidus Investment Profile

(Get Rating)

Fidus Investment Corporation is a business development company 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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Institutional Ownership by Quarter for Fidus Investment (NASDAQ:FDUS)

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