Trexquant Investment LP Sells 32,857 Shares of Fidus Investment Co. (NASDAQ:FDUS)

Trexquant Investment LP lessened its stake in shares of Fidus Investment Co. (NASDAQ:FDUS - Free Report) by 28.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 84,027 shares of the asset manager's stock after selling 32,857 shares during the quarter. Trexquant Investment LP owned about 0.25% of Fidus Investment worth $1,766,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Truist Financial Corp lifted its position in Fidus Investment by 2.7% during 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 during the last quarter. Optimum Investment Advisors lifted its holdings in Fidus Investment by 8.3% during 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 last quarter. PFG Advisors boosted its stake in Fidus Investment by 1.0% in the 4th quarter. PFG Advisors now owns 183,047 shares of the asset manager's stock valued at $3,848,000 after purchasing an additional 1,875 shares during the period. Cornerstone Wealth Management LLC grew its holdings in Fidus Investment by 10.2% in the 4th quarter. Cornerstone Wealth Management LLC now owns 21,426 shares of the asset manager's stock valued at $450,000 after buying an additional 1,989 shares in the last quarter. Finally, Promus Capital LLC bought a new position in Fidus Investment during the 4th quarter worth $43,000. Institutional investors own 28.14% of the company's stock.

Fidus Investment Stock Up 2.2 %

Shares of NASDAQ:FDUS traded up $0.39 during trading on Monday, reaching $18.18. 65,579 shares of the company traded hands, compared to its average volume of 222,172. The firm has a market capitalization of $616.41 million, a PE ratio of 6.49 and a beta of 1.10. Fidus Investment Co. has a 52 week low of $16.70 and a 52 week high of $23.55. The company's 50 day moving average is $21.32 and its two-hundred day moving average is $20.88.

Fidus Investment Dividend Announcement

The company also recently disclosed a -- dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 20th were paid a dividend of $0.11 per share. The ex-dividend date of this dividend was Thursday, March 20th. This represents a yield of 7.4%. Fidus Investment's payout ratio is 71.37%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on FDUS. LADENBURG THALM/SH SH cut shares of Fidus Investment from a "strong-buy" rating to a "hold" rating in a research report on Friday, March 7th. Keefe, Bruyette & Woods decreased 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.

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.