Legacy Capital Wealth Partners LLC Acquires 7,493 Shares of Fidus Investment Co. (NASDAQ:FDUS)

Legacy Capital Wealth Partners LLC raised its holdings in Fidus Investment Co. (NASDAQ:FDUS) by 10.5% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 78,763 shares of the asset manager’s stock after acquiring an additional 7,493 shares during the quarter. Legacy Capital Wealth Partners LLC owned approximately 0.28% of Fidus Investment worth $1,551,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in FDUS. Melia Wealth LLC purchased a new stake in shares of Fidus Investment during the 4th quarter worth $13,532,000. Acadian Asset Management LLC purchased a new stake in Fidus Investment in the third quarter valued at about $4,662,000. Quadrature Capital Ltd raised its stake in Fidus Investment by 266.2% in the third quarter. Quadrature Capital Ltd now owns 203,809 shares of the asset manager’s stock valued at $3,916,000 after buying an additional 148,161 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Fidus Investment in the third quarter valued at about $1,897,000. Finally, GraniteShares Advisors LLC acquired a new position in shares of Fidus Investment in the fourth quarter valued at about $1,475,000. 28.14% of the stock is currently owned by hedge funds and other institutional investors.

Fidus Investment Stock Performance

Fidus Investment stock traded up $0.21 during midday trading on Friday, hitting $20.41. 123,532 shares of the company were exchanged, compared to its average volume of 144,683. The firm has a market capitalization of $641.40 million, a PE ratio of 7.09 and a beta of 1.39. Fidus Investment Co. has a fifty-two week low of $17.63 and a fifty-two week high of $21.25. The business has a fifty day simple moving average of $19.63 and a two-hundred day simple moving average of $19.43.

Fidus Investment (NASDAQ:FDUS) last posted its earnings results on Thursday, February 29th. The asset manager reported $0.65 EPS for the quarter, topping the consensus estimate of $0.56 by $0.09. The firm had revenue of $36.31 million for the quarter, compared to analyst estimates of $32.83 million. Fidus Investment had a return on equity of 12.79% and a net margin of 59.28%. As a group, equities analysts expect that Fidus Investment Co. will post 2.36 earnings per share for the current year.

Fidus Investment Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 20th were issued a $0.65 dividend. This is a positive change from Fidus Investment’s previous quarterly dividend of $0.53. This represents a $2.60 annualized dividend and a yield of 12.74%. The ex-dividend date was Tuesday, March 19th. Fidus Investment’s dividend payout ratio (DPR) is presently 59.72%.

Analyst Upgrades and Downgrades

Separately, B. Riley lowered Fidus Investment from a “buy” rating to a “neutral” rating and set a $22.00 price objective on the stock. in a report on Monday, January 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.