Farther Finance Advisors LLC Increases Stock Position in Fidus Investment Co. (NASDAQ:FDUS)

Farther Finance Advisors LLC grew its stake in Fidus Investment Co. (NASDAQ:FDUS) by 23.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,467 shares of the asset manager’s stock after buying an additional 1,426 shares during the period. Farther Finance Advisors LLC’s holdings in Fidus Investment were worth $146,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in FDUS. Janney Montgomery Scott LLC increased its stake in Fidus Investment by 1.3% in the first quarter. Janney Montgomery Scott LLC now owns 39,429 shares of the asset manager’s stock valued at $778,000 after acquiring an additional 500 shares during the last quarter. Quantbot Technologies LP boosted its holdings in shares of Fidus Investment by 28.0% in the 1st quarter. Quantbot Technologies LP now owns 14,788 shares of the asset manager’s stock worth $292,000 after purchasing an additional 3,231 shares in the last quarter. CANADA LIFE ASSURANCE Co raised its holdings in shares of Fidus Investment by 10.6% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 24,477 shares of the asset manager’s stock valued at $484,000 after buying an additional 2,348 shares in the last quarter. EntryPoint Capital LLC bought a new stake in Fidus Investment in the 1st quarter worth approximately $45,000. Finally, Advisors Asset Management Inc. boosted its stake in Fidus Investment by 4.4% in the first quarter. Advisors Asset Management Inc. now owns 207,091 shares of the asset manager’s stock worth $4,088,000 after buying an additional 8,768 shares in the last quarter. Institutional investors own 28.14% of the company’s stock.

Fidus Investment Price Performance

Shares of FDUS stock opened at $20.05 on Monday. The business has a 50-day moving average of $19.67 and a 200 day moving average of $19.72. Fidus Investment Co. has a 1-year low of $18.41 and a 1-year high of $20.60. The stock has a market capitalization of $680.10 million, a PE ratio of 7.16 and a beta of 1.40.

Fidus Investment (NASDAQ:FDUS) last issued its earnings results on Thursday, October 31st. The asset manager reported $0.61 EPS for the quarter, topping the consensus estimate of $0.57 by $0.04. The company had revenue of $38.38 million for the quarter, compared to the consensus estimate of $36.43 million. Fidus Investment had a net margin of 60.09% and a return on equity of 12.11%. During the same period in the previous year, the firm earned $0.68 earnings per share. Analysts anticipate 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 will be paid on Friday, December 27th. Stockholders of record on Tuesday, December 17th will be given a $0.61 dividend. This is a positive change 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 12.17%. The ex-dividend date of this dividend is Tuesday, December 17th. Fidus Investment’s dividend payout ratio (DPR) is currently 61.43%.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods raised shares of Fidus Investment to a “hold” rating in a research note on Monday, August 5th.

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.