Raymond James Financial Inc. Invests $20.54 Million in Fidus Investment Co. (NASDAQ:FDUS)

Raymond James Financial Inc. purchased a new position in shares of Fidus Investment Co. (NASDAQ:FDUS - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 977,123 shares of the asset manager's stock, valued at approximately $20,539,000. Raymond James Financial Inc. owned about 2.88% of Fidus Investment at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in FDUS. Columbus Macro LLC acquired a new stake in shares of Fidus Investment in the fourth quarter valued at approximately $5,610,000. TrueMark Investments LLC acquired a new position in shares of Fidus Investment during the 4th quarter worth $1,635,000. HighTower Advisors LLC boosted its stake in Fidus Investment by 164.5% in the fourth quarter. HighTower Advisors LLC now owns 87,985 shares of the asset manager's stock valued at $1,849,000 after buying an additional 54,722 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in Fidus Investment by 20.2% during the fourth quarter. Envestnet Asset Management Inc. now owns 300,799 shares of the asset manager's stock worth $6,323,000 after acquiring an additional 50,447 shares in the last quarter. Finally, Riverbridge Partners LLC bought a new position in shares of Fidus Investment in the fourth quarter worth about $716,000. 28.14% of the stock is currently owned by institutional investors.

Fidus Investment Price Performance

Shares of Fidus Investment stock traded up $0.11 on Friday, hitting $19.11. 49,247 shares of the company's stock traded hands, compared to its average volume of 229,590. The company has a market capitalization of $663.69 million, a price-to-earnings ratio of 6.82 and a beta of 1.10. The company has a fifty day moving average of $20.53 and a two-hundred day moving average of $20.80. Fidus Investment Co. has a one year low of $16.70 and a one year high of $23.55.

Fidus Investment Announces Dividend

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

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. LADENBURG THALM/SH SH downgraded shares of Fidus Investment from a "strong-buy" rating to a "hold" rating in a 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 for the company in a research report on Tuesday, April 8th.

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.