Private Advisor Group LLC Takes $203,000 Position in Fidus Investment Co. (NASDAQ:FDUS)

Private Advisor Group LLC acquired a new stake in shares of Fidus Investment Co. (NASDAQ:FDUS) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 9,679 shares of the asset manager’s stock, valued at approximately $203,000.

Other institutional investors have also modified their holdings of the company. Van ECK Associates Corp boosted its holdings in Fidus Investment by 1.2% in the 4th quarter. Van ECK Associates Corp now owns 819,011 shares of the asset manager’s stock worth $17,215,000 after acquiring an additional 9,600 shares during the period. Columbus Macro LLC acquired a new stake in Fidus Investment in the fourth quarter worth $5,610,000. Advisors Asset Management Inc. increased its position in Fidus Investment by 9.4% in the third quarter. Advisors Asset Management Inc. now owns 208,166 shares of the asset manager’s stock worth $4,080,000 after buying an additional 17,929 shares during the period. Franklin Resources Inc. increased its position in Fidus Investment by 37.0% in the third quarter. Franklin Resources Inc. now owns 116,472 shares of the asset manager’s stock worth $2,269,000 after buying an additional 31,426 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of Fidus Investment by 14.5% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 81,320 shares of the asset manager’s stock valued at $1,709,000 after purchasing an additional 10,312 shares during the period. Hedge funds and other institutional investors own 28.14% of the company’s stock.

Fidus Investment Stock Performance

Shares of FDUS opened at $21.81 on Friday. The firm has a market capitalization of $739.69 million, a price-to-earnings ratio of 7.79 and a beta of 1.39. Fidus Investment Co. has a one year low of $18.41 and a one year high of $23.55. The stock’s fifty day moving average is $22.14 and its 200-day moving average is $20.83.

Fidus Investment Dividend Announcement

The company also recently announced a — dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 20th will be paid a dividend of $0.11 per share. The ex-dividend date is Thursday, March 20th. This represents a yield of 7.4%. Fidus Investment’s dividend payout ratio is currently 61.43%.

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.