Atria Wealth Solutions Inc. Sells 900 Shares of Fidus Investment Co. (NASDAQ:FDUS)

Atria Wealth Solutions Inc. lowered its stake in Fidus Investment Co. (NASDAQ:FDUS) by 5.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 15,953 shares of the asset manager’s stock after selling 900 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Fidus Investment were worth $314,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Melia Wealth LLC acquired a new stake in Fidus Investment in the fourth quarter worth $13,532,000. Acadian Asset Management LLC acquired a new stake in shares of Fidus Investment in the 3rd quarter valued at about $4,662,000. Quadrature Capital Ltd grew its stake 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 valued at $3,916,000 after buying an additional 148,161 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Fidus Investment during the 3rd quarter worth approximately $1,897,000. Finally, GraniteShares Advisors LLC acquired a new position in Fidus Investment during the 4th quarter worth approximately $1,475,000. Institutional investors own 28.14% of the company’s stock.

Fidus Investment Stock Performance

Shares of Fidus Investment stock opened at $19.85 on Wednesday. Fidus Investment Co. has a 52 week low of $17.63 and a 52 week high of $21.25. The stock has a 50 day moving average price of $19.69 and a two-hundred day moving average price of $19.54. The stock has a market capitalization of $626.27 million, a PE ratio of 6.82 and a beta of 1.36.

Fidus Investment (NASDAQ:FDUS) last announced its quarterly earnings results on Thursday, February 29th. The asset manager reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.09. Fidus Investment had a net margin of 60.25% and a return on equity of 12.69%. The business had revenue of $36.31 million during the quarter, compared to analyst estimates of $32.83 million. Research analysts forecast that Fidus Investment Co. will post 2.36 EPS for the current year.

Fidus Investment Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 26th. Investors of record on Wednesday, June 19th will be given a $0.43 dividend. The ex-dividend date of this dividend is Tuesday, June 18th. This represents a $1.72 annualized dividend and a yield of 8.66%. Fidus Investment’s payout ratio is 59.11%.

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.