Envestnet Asset Management Inc. Has $8.91 Million Position in Fidus Investment Corporation $FDUS

Envestnet Asset Management Inc. lifted its stake in shares of Fidus Investment Corporation (NASDAQ:FDUS) by 22.4% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 439,915 shares of the asset manager’s stock after buying an additional 80,500 shares during the quarter. Envestnet Asset Management Inc. owned about 1.24% of Fidus Investment worth $8,913,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of Fidus Investment by 37.2% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 209,241 shares of the asset manager’s stock valued at $4,239,000 after buying an additional 56,778 shares during the period. Muzinich & Co. Inc. raised its holdings in Fidus Investment by 30.1% in the 3rd quarter. Muzinich & Co. Inc. now owns 247,443 shares of the asset manager’s stock valued at $5,013,000 after acquiring an additional 57,215 shares in the last quarter. D.A. Davidson & CO. lifted its position in shares of Fidus Investment by 34.4% during the 3rd quarter. D.A. Davidson & CO. now owns 155,751 shares of the asset manager’s stock valued at $3,156,000 after acquiring an additional 39,879 shares during the period. Cetera Investment Advisers grew its holdings in shares of Fidus Investment by 10.4% during the 2nd quarter. Cetera Investment Advisers now owns 370,335 shares of the asset manager’s stock worth $7,481,000 after purchasing an additional 34,837 shares in the last quarter. Finally, Koss Olinger Consulting LLC bought a new position in shares of Fidus Investment in the second quarter worth $326,000. Institutional investors and hedge funds own 28.14% of the company’s stock.

Fidus Investment Stock Performance

Shares of NASDAQ FDUS opened at $18.57 on Friday. The firm has a 50 day moving average price of $19.35 and a two-hundred day moving average price of $20.09. The stock has a market cap of $676.51 million, a P/E ratio of 7.87 and a beta of 0.73. Fidus Investment Corporation has a 52-week low of $16.70 and a 52-week high of $23.48.

Fidus Investment Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Friday, March 20th will be paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 9.3%. The ex-dividend date of this dividend is Friday, March 20th. Fidus Investment’s dividend payout ratio is currently 72.88%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Keefe, Bruyette & Woods reduced their price objective on shares of Fidus Investment from $21.50 to $21.00 and set an “outperform” rating on the stock in a research note on Monday, November 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of Fidus Investment in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $21.75.

Fidus Investment Profile

Fidus Investment Corporation (NASDAQ: FDUS) is a closed-end, externally managed business development company (BDC) that provides specialized financing solutions to U.S. middle-market companies. Operated by Fidus Investment Advisors, LLC, a registered investment adviser, the company is regulated under the Investment Company Act of 1940 and trades on the Nasdaq Capital Market.

The firm focuses on structuring senior secured and unitranche loans, mezzanine debt and equity investments for established businesses across a range of industries.