Stratos Wealth Partners LTD. Has $330,000 Stock Holdings in Fidus Investment Corporation (NASDAQ:FDUS)

Stratos Wealth Partners LTD. increased its holdings in shares of Fidus Investment Corporation (NASDAQ:FDUS) by 28.8% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 16,200 shares of the asset manager’s stock after purchasing an additional 3,626 shares during the period. Stratos Wealth Partners LTD.’s holdings in Fidus Investment were worth $330,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. ORG Partners LLC acquired a new position in Fidus Investment in the 1st quarter valued at approximately $29,000. Transce3nd LLC acquired a new position in Fidus Investment in the 4th quarter valued at approximately $32,000. Millstone Evans Group LLC acquired a new position in Fidus Investment in the 4th quarter valued at approximately $77,000. Blair William & Co. IL acquired a new position in Fidus Investment in the 4th quarter valued at approximately $208,000. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in Fidus Investment by 8.2% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 13,267 shares of the asset manager’s stock valued at $279,000 after acquiring an additional 1,000 shares in the last quarter. Institutional investors and hedge funds own 28.14% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on FDUS shares. B. Riley started coverage on Fidus Investment in a research note on Tuesday, May 13th. They issued a “buy” rating and a $22.00 price objective on the stock. Keefe, Bruyette & Woods decreased their price target on 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. Finally, LADENBURG THALM/SH SH upgraded Fidus Investment from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 9th.

Fidus Investment Trading Down 0.2%

Shares of Fidus Investment stock opened at $21.41 on Wednesday. The stock’s fifty day simple moving average is $20.23 and its 200 day simple moving average is $20.69. The company has a market capitalization of $743.57 million, a PE ratio of 9.15 and a beta of 0.92. Fidus Investment Corporation has a 12 month low of $16.70 and a 12 month high of $23.55.

Fidus Investment (NASDAQ:FDUS) last announced its quarterly earnings data on Thursday, May 8th. The asset manager reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.01. The company had revenue of $36.50 million during the quarter, compared to analysts’ expectations of $35.61 million. Fidus Investment had a return on equity of 11.48% and a net margin of 52.59%. Analysts predict that Fidus Investment Corporation will post 2.28 EPS for the current fiscal year.

Fidus Investment Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 25th. Investors of record on Friday, June 13th were paid a $0.54 dividend. The ex-dividend date of this dividend was Friday, June 13th. This represents a $2.16 dividend on an annualized basis and a yield of 10.09%. Fidus Investment’s dividend payout ratio (DPR) is 73.50%.

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.