Nisa Investment Advisors LLC Decreases Stock Holdings in Fidus Investment Co. (NASDAQ:FDUS)

Nisa Investment Advisors LLC cut its holdings in Fidus Investment Co. (NASDAQ:FDUS) by 82.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,300 shares of the asset manager’s stock after selling 6,000 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Fidus Investment were worth $26,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of FDUS. Melia Wealth LLC bought a new stake in shares of Fidus Investment in the 4th quarter worth approximately $13,532,000. Acadian Asset Management LLC purchased a new position in Fidus Investment during the 3rd quarter valued at $4,662,000. Quadrature Capital Ltd lifted its position in shares of Fidus Investment by 266.2% in the 3rd quarter. Quadrature Capital Ltd now owns 203,809 shares of the asset manager’s stock worth $3,916,000 after purchasing an additional 148,161 shares during the period. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Fidus Investment during the 3rd quarter valued at about $1,897,000. Finally, PFG Advisors increased its position in shares of Fidus Investment by 29.2% during the fourth quarter. PFG Advisors now owns 171,829 shares of the asset manager’s stock valued at $3,383,000 after buying an additional 38,846 shares during the period. Hedge funds and other institutional investors own 28.14% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, B. Riley cut Fidus Investment from a “buy” rating to a “neutral” rating and set a $22.00 price objective on the stock. in a research report on Monday, January 8th.

Fidus Investment Trading Up 0.8 %

Shares of Fidus Investment stock opened at $20.12 on Tuesday. Fidus Investment Co. has a 12 month low of $17.63 and a 12 month high of $21.25. The firm has a market capitalization of $632.37 million, a P/E ratio of 6.99 and a beta of 1.39. The business has a fifty day simple moving average of $19.56 and a two-hundred day simple moving average of $19.39.

Fidus Investment (NASDAQ:FDUS) last posted its quarterly earnings data on Thursday, February 29th. The asset manager reported $0.65 EPS for the quarter, topping the consensus estimate of $0.56 by $0.09. Fidus Investment had a net margin of 59.28% and a return on equity of 12.79%. The business had revenue of $36.31 million for the quarter, compared to analyst estimates of $32.83 million. Analysts predict that Fidus Investment Co. will post 2.36 earnings per share for the current year.

Fidus Investment Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 20th were paid a dividend of $0.65 per share. This is a boost from Fidus Investment’s previous quarterly dividend of $0.53. The ex-dividend date was Tuesday, March 19th. This represents a $2.60 dividend on an annualized basis and a yield of 12.92%. Fidus Investment’s payout ratio is presently 59.72%.

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.