Fidus Investment Co. (NASDAQ:FDUS) Shares Acquired by Cetera Investment Advisers

Cetera Investment Advisers grew its stake in Fidus Investment Co. (NASDAQ:FDUS - Free Report) by 18.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 303,421 shares of the asset manager's stock after buying an additional 48,034 shares during the quarter. Cetera Investment Advisers owned 0.89% of Fidus Investment worth $6,378,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in FDUS. Raymond James Financial Inc. purchased a new position in shares of Fidus Investment in the 4th quarter valued at about $20,539,000. Columbus Macro LLC acquired a new position in Fidus Investment in the fourth quarter valued at approximately $5,610,000. Baird Financial Group Inc. purchased a new position in Fidus Investment in the fourth quarter valued at approximately $4,072,000. TrueMark Investments LLC acquired a new stake in Fidus Investment during the fourth quarter worth approximately $1,635,000. Finally, HighTower Advisors LLC lifted its position in shares of Fidus Investment by 164.5% during the 4th quarter. HighTower Advisors LLC now owns 87,985 shares of the asset manager's stock worth $1,849,000 after buying an additional 54,722 shares during the last quarter. 28.14% of the stock is owned by institutional investors and hedge funds.

Fidus Investment Price Performance

Shares of FDUS stock traded up $0.11 during trading hours on Friday, hitting $20.18. The stock had a trading volume of 162,844 shares, compared to its average volume of 213,052. The stock's 50 day moving average is $19.50 and its 200 day moving average is $20.77. Fidus Investment Co. has a twelve month low of $16.70 and a twelve month high of $23.55. The firm has a market capitalization of $700.89 million, a PE ratio of 7.21 and a beta of 0.92.

Fidus Investment (NASDAQ:FDUS - Get Free Report) last announced its earnings results on Thursday, May 8th. The asset manager reported $0.54 EPS for the quarter, beating analysts' consensus estimates of $0.53 by $0.01. The business had revenue of $36.50 million during the quarter, compared to analysts' expectations of $35.61 million. Fidus Investment had a net margin of 60.09% and a return on equity of 12.11%. As a group, equities analysts predict that Fidus Investment Co. will post 2.28 earnings per share for the current year.

Fidus Investment Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 25th. Investors of record on Friday, June 13th will be issued a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 10.70%. The ex-dividend date is Friday, June 13th. Fidus Investment's dividend payout ratio is presently 73.50%.

Wall Street Analysts Forecast Growth

FDUS has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods dropped their target price 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. B. Riley started coverage on Fidus Investment in a report on Tuesday. They set a "buy" rating and a $22.00 price objective on the stock. 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 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.