Wells Fargo & Company MN Purchases 4,500 Shares of Fidus Investment Co. (NASDAQ:FDUS)

Wells Fargo & Company MN boosted its holdings in shares of Fidus Investment Co. (NASDAQ:FDUS) by 32.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 18,309 shares of the asset manager’s stock after buying an additional 4,500 shares during the quarter. Wells Fargo & Company MN owned approximately 0.05% of Fidus Investment worth $385,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Promus Capital LLC purchased a new stake in shares of Fidus Investment during the fourth quarter worth about $43,000. Millstone Evans Group LLC purchased a new stake in Fidus Investment during the fourth quarter valued at $77,000. Private Advisor Group LLC bought a new position in Fidus Investment during the fourth quarter valued at $203,000. Blair William & Co. IL purchased a new position in shares of Fidus Investment in the 4th quarter worth $208,000. Finally, Sage Investment Counsel LLC purchased a new stake in shares of Fidus Investment during the 4th quarter valued at about $253,000. Institutional investors own 28.14% of the company’s stock.

Fidus Investment Price Performance

Shares of NASDAQ:FDUS opened at $19.07 on Monday. The business’s 50-day moving average is $20.04 and its 200 day moving average is $20.80. Fidus Investment Co. has a 1 year low of $16.70 and a 1 year high of $23.55. The firm has a market capitalization of $662.34 million, a P/E ratio of 6.81 and a beta of 1.10.

Fidus Investment Announces Dividend

The business also recently disclosed a — dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 20th were paid a dividend of $0.11 per share. The ex-dividend date was Thursday, March 20th. This represents a dividend yield of 7.4%. Fidus Investment’s payout ratio is currently 71.37%.

Wall Street Analyst Weigh In

Several research firms have commented on FDUS. LADENBURG THALM/SH SH lowered shares of Fidus Investment from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 7th. Keefe, Bruyette & Woods reduced their price objective on shares of Fidus Investment from $21.00 to $20.00 and set a “market perform” rating on the stock in a research report on Tuesday, April 8th.

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.