Wetzel Investment Advisors Inc. Purchases New Shares in Fidus Investment Co. (NASDAQ:FDUS)

Wetzel Investment Advisors Inc. acquired a new position in shares of Fidus Investment Co. (NASDAQ:FDUS) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 1,640 shares of the asset manager’s stock, valued at approximately $32,000.

Several other large investors have also recently added to or reduced their stakes in FDUS. EntryPoint Capital LLC acquired a new stake in shares of Fidus Investment in the first quarter valued at approximately $45,000. Spire Wealth Management grew its position in Fidus Investment by 35.3% during the fourth quarter. Spire Wealth Management now owns 2,351 shares of the asset manager’s stock worth $46,000 after buying an additional 613 shares in the last quarter. EverSource Wealth Advisors LLC bought a new position in Fidus Investment during the 1st quarter worth $73,000. Cape Investment Advisory Inc. acquired a new position in Fidus Investment in the 4th quarter valued at $96,000. Finally, Sound Income Strategies LLC lifted its position in shares of Fidus Investment by 8.7% during the 1st quarter. Sound Income Strategies LLC now owns 8,974 shares of the asset manager’s stock valued at $177,000 after acquiring an additional 721 shares during the period. Institutional investors own 28.14% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods upgraded Fidus Investment to a “hold” rating in a research report on Monday, August 5th.

Fidus Investment Trading Down 0.8 %

Shares of NASDAQ:FDUS opened at $19.75 on Wednesday. The firm has a 50 day moving average of $19.65 and a 200-day moving average of $19.71. Fidus Investment Co. has a 12 month low of $17.63 and a 12 month high of $20.60. The stock has a market capitalization of $654.91 million, a PE ratio of 6.79 and a beta of 1.40.

Fidus Investment (NASDAQ:FDUS) last announced its quarterly earnings data on Thursday, August 1st. The asset manager reported $0.57 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.57. Fidus Investment had a net margin of 67.43% and a return on equity of 12.29%. The business had revenue of $35.66 million for the quarter, compared to analysts’ expectations of $34.88 million. During the same period last year, the firm posted $0.62 earnings per share. On average, research analysts predict that Fidus Investment Co. will post 2.32 EPS for the current fiscal year.

Fidus Investment Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 26th. Stockholders of record on Thursday, September 19th will be issued a dividend of $0.57 per share. The ex-dividend date of this dividend is Thursday, September 19th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 11.54%. This is a boost from Fidus Investment’s previous quarterly dividend of $0.43. Fidus Investment’s payout ratio is 59.11%.

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.