Legacy Capital Wealth Partners LLC Increases Stock Position in Fidus Investment Co. (NASDAQ:FDUS)

Legacy Capital Wealth Partners LLC raised its stake in shares of Fidus Investment Co. (NASDAQ:FDUS) by 10.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). 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’s holdings in Fidus Investment were worth $1,551,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Capital Investment Advisory Services LLC increased its holdings in shares of Fidus Investment by 11.5% in the 4th quarter. Capital Investment Advisory Services LLC now owns 40,100 shares of the asset manager’s stock worth $790,000 after acquiring an additional 4,143 shares during the period. GraniteShares Advisors LLC bought a new position in Fidus Investment in the 4th quarter valued at about $1,475,000. PFG Advisors grew its position in Fidus Investment by 29.2% in the 4th quarter. PFG Advisors now owns 171,829 shares of the asset manager’s stock valued at $3,383,000 after buying an additional 38,846 shares in the last quarter. Melia Wealth LLC bought a new position in Fidus Investment in the 4th quarter valued at about $13,532,000. Finally, Cornerstone Wealth Management LLC bought a new position in Fidus Investment in the 4th quarter valued at about $222,000. Institutional investors and hedge funds own 28.14% of the company’s stock.

Fidus Investment Stock Performance

Shares of NASDAQ:FDUS traded up $0.21 during trading hours on Friday, hitting $20.41. 123,532 shares of the company’s stock traded hands, compared to its average volume of 144,683. Fidus Investment Co. has a 52 week low of $17.63 and a 52 week high of $21.25. The company’s fifty day simple moving average is $19.63 and its two-hundred day simple moving average is $19.43. The company has a market cap of $641.40 million, a price-to-earnings ratio of 7.09 and a beta of 1.39.

Fidus Investment (NASDAQ:FDUS) last posted its quarterly earnings data on Thursday, February 29th. The asset manager reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.09. Fidus Investment had a net margin of 59.28% and a return on equity of 12.79%. The company had revenue of $36.31 million during the quarter, compared to analyst estimates of $32.83 million. On average, analysts anticipate that Fidus Investment Co. will post 2.36 EPS for the current fiscal year.

Fidus Investment Increases Dividend

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

Wall Street Analyst Weigh In

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