Envestnet Asset Management Inc. Has $6.32 Million Stake in Fidus Investment Co. (NASDAQ:FDUS)

Envestnet Asset Management Inc. grew its holdings in shares of Fidus Investment Co. (NASDAQ:FDUS - Free Report) by 20.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 300,799 shares of the asset manager's stock after purchasing an additional 50,447 shares during the period. Envestnet Asset Management Inc. owned approximately 0.89% of Fidus Investment worth $6,323,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Truist Financial Corp increased its position in shares of Fidus Investment by 2.7% in the fourth quarter. Truist Financial Corp now owns 47,820 shares of the asset manager's stock worth $1,005,000 after acquiring an additional 1,261 shares in the last quarter. Optimum Investment Advisors boosted its stake in Fidus Investment by 8.3% in the 4th quarter. Optimum Investment Advisors now owns 18,755 shares of the asset manager's stock worth $394,000 after purchasing an additional 1,430 shares during the period. PFG Advisors grew its position in Fidus Investment by 1.0% during the 4th quarter. PFG Advisors now owns 183,047 shares of the asset manager's stock worth $3,848,000 after purchasing an additional 1,875 shares in the last quarter. Cornerstone Wealth Management LLC raised its stake in Fidus Investment by 10.2% during the 4th quarter. Cornerstone Wealth Management LLC now owns 21,426 shares of the asset manager's stock valued at $450,000 after purchasing an additional 1,989 shares during the period. Finally, Promus Capital LLC purchased a new stake in shares of Fidus Investment in the fourth quarter valued at $43,000. Institutional investors and hedge funds own 28.14% of the company's stock.

Fidus Investment Trading Up 1.2 %

Fidus Investment stock traded up $0.23 during mid-day trading on Friday, hitting $19.23. 148,873 shares of the company's stock were exchanged, compared to its average volume of 223,906. Fidus Investment Co. has a 1-year low of $16.70 and a 1-year high of $23.55. The stock has a 50 day moving average of $20.45 and a two-hundred day moving average of $20.80. The stock has a market cap of $667.90 million, a P/E ratio of 6.87 and a beta of 1.10.

Fidus Investment Announces Dividend

The business also recently announced a -- dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 20th were issued a $0.11 dividend. The ex-dividend date of this dividend was Thursday, March 20th. This represents a yield of 7.4%. Fidus Investment's dividend payout ratio (DPR) is currently 71.37%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on FDUS shares. LADENBURG THALM/SH SH lowered Fidus Investment from a "strong-buy" rating to a "hold" rating in a research report on Friday, March 7th. Keefe, Bruyette & Woods dropped their target price on Fidus Investment from $21.00 to $20.00 and set a "market perform" rating on the stock in a report on Tuesday, April 8th.

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.