Cetera Investment Advisers Has $6.84 Million Position in Fidus Investment Corporation (NASDAQ:FDUS)

Cetera Investment Advisers lifted its position in shares of Fidus Investment Corporation (NASDAQ:FDUS - Free Report) by 10.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 335,498 shares of the asset manager's stock after acquiring an additional 32,077 shares during the period. Cetera Investment Advisers owned approximately 0.97% of Fidus Investment worth $6,841,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in FDUS. ORG Partners LLC acquired a new stake in Fidus Investment in the first quarter valued at approximately $29,000. Transce3nd LLC acquired a new position in shares of Fidus Investment during the fourth quarter worth $32,000. Blair William & Co. IL bought a new position in shares of Fidus Investment in the 4th quarter valued at $208,000. Private Advisor Group LLC boosted its holdings in shares of Fidus Investment by 17.9% during the 1st quarter. Private Advisor Group LLC now owns 11,411 shares of the asset manager's stock valued at $233,000 after acquiring an additional 1,732 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its position in Fidus Investment by 8.2% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 13,267 shares of the asset manager's stock worth $279,000 after acquiring an additional 1,000 shares during the last quarter. Institutional investors and hedge funds own 28.14% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. LADENBURG THALM/SH SH upgraded Fidus Investment from a "hold" rating to a "strong-buy" rating in a research report on Friday, May 9th. 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 for the company. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of Fidus Investment from $21.00 to $20.00 and set a "market perform" rating for the company in a report on Tuesday, April 8th.

Fidus Investment Stock Down 0.2%

Shares of Fidus Investment stock opened at $20.64 on Friday. The stock has a market cap of $716.83 million, a price-to-earnings ratio of 8.82 and a beta of 0.95. Fidus Investment Corporation has a twelve month low of $16.70 and a twelve month high of $23.55. The company's fifty day moving average is $20.60 and its 200 day moving average is $20.72.

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, topping the consensus estimate of $0.53 by $0.01. Fidus Investment had a return on equity of 11.48% and a net margin of 52.59%. The firm had revenue of $36.50 million for the quarter, compared to the consensus estimate of $35.61 million. As a group, equities analysts anticipate that Fidus Investment Corporation will post 2.28 earnings per share for the current fiscal year.

Fidus Investment Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 25th. Investors of record on Friday, June 13th were issued a $0.54 dividend. The ex-dividend date was Friday, June 13th. This represents a $2.16 annualized dividend and a yield of 10.5%. Fidus Investment's dividend payout ratio is presently 73.50%.

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.

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