Legal & General Group Plc boosted its position in shares of Fidus Investment Corporation (NASDAQ:FDUS – Free Report) by 18.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 252,442 shares of the asset manager’s stock after purchasing an additional 39,644 shares during the period. Legal & General Group Plc’s holdings in Fidus Investment were worth $4,868,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of the company. Van ECK Associates Corp boosted its position in Fidus Investment by 6.7% during the third quarter. Van ECK Associates Corp now owns 903,443 shares of the asset manager’s stock valued at $18,304,000 after purchasing an additional 56,449 shares during the last quarter. Invesco Ltd. boosted its position in Fidus Investment by 11.5% during the third quarter. Invesco Ltd. now owns 497,921 shares of the asset manager’s stock valued at $10,088,000 after purchasing an additional 51,218 shares during the last quarter. Columbus Macro LLC boosted its position in Fidus Investment by 21.0% during the fourth quarter. Columbus Macro LLC now owns 485,780 shares of the asset manager’s stock valued at $9,376,000 after purchasing an additional 84,320 shares during the last quarter. UBS Group AG boosted its position in Fidus Investment by 17.1% during the fourth quarter. UBS Group AG now owns 439,945 shares of the asset manager’s stock valued at $8,491,000 after purchasing an additional 64,209 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in shares of Fidus Investment by 22.4% in the third quarter. Envestnet Asset Management Inc. now owns 439,915 shares of the asset manager’s stock worth $8,913,000 after buying an additional 80,500 shares during the last quarter. Institutional investors and hedge funds own 28.14% of the company’s stock.
Fidus Investment Stock Up 0.1%
Shares of FDUS opened at $18.48 on Tuesday. Fidus Investment Corporation has a 12-month low of $16.86 and a 12-month high of $22.09. The firm has a market capitalization of $701.32 million, a price-to-earnings ratio of 8.11 and a beta of 0.68. The stock’s 50-day moving average price is $18.46 and its 200 day moving average price is $18.83.
Fidus Investment Announces Dividend
The company also recently declared a special dividend, which will be paid on Monday, June 29th. Investors of record on Tuesday, June 16th will be paid a dividend of $0.19 per share. This represents a yield of 388.0%. The ex-dividend date is Tuesday, June 16th. Fidus Investment’s payout ratio is currently 75.44%.
Analysts Set New Price Targets
Separately, Keefe, Bruyette & Woods reduced their price target on Fidus Investment from $20.00 to $19.50 and set an “outperform” rating for the company in a research report on Thursday, April 16th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $21.00.
Check Out Our Latest Report on Fidus Investment
About Fidus Investment
Fidus Investment Corporation (NASDAQ: FDUS) is a closed-end, externally managed business development company (BDC) that provides specialized financing solutions to U.S. middle-market companies. Operated by Fidus Investment Advisors, LLC, a registered investment adviser, the company is regulated under the Investment Company Act of 1940 and trades on the Nasdaq Capital Market.
The firm focuses on structuring senior secured and unitranche loans, mezzanine debt and equity investments for established businesses across a range of industries.
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