Fidus Investment Co. (NASDAQ:FDUS) Holdings Lowered by Advisors Asset Management Inc.

Advisors Asset Management Inc. trimmed its stake in shares of Fidus Investment Co. (NASDAQ:FDUS) by 0.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 206,597 shares of the asset manager’s stock after selling 1,569 shares during the period. Advisors Asset Management Inc. owned about 0.61% of Fidus Investment worth $4,343,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. D.A. Davidson & CO. lifted its holdings in shares of Fidus Investment by 4.0% during the third quarter. D.A. Davidson & CO. now owns 26,898 shares of the asset manager’s stock valued at $527,000 after purchasing an additional 1,031 shares during the last quarter. Truist Financial Corp raised its position in Fidus Investment by 2.7% during the fourth quarter. Truist Financial Corp now owns 47,820 shares of the asset manager’s stock valued at $1,005,000 after buying an additional 1,261 shares during the period. PFG Advisors raised its position in Fidus Investment by 1.0% during the fourth quarter. PFG Advisors now owns 183,047 shares of the asset manager’s stock valued at $3,848,000 after buying an additional 1,875 shares during the period. Cornerstone Wealth Management LLC raised its position in Fidus Investment by 10.2% during the fourth quarter. Cornerstone Wealth Management LLC now owns 21,426 shares of the asset manager’s stock valued at $450,000 after buying an additional 1,989 shares during the period. Finally, Promus Capital LLC acquired a new position in Fidus Investment during the fourth quarter valued at $43,000. 28.14% of the stock is owned by hedge funds and other institutional investors.

Fidus Investment Trading Down 3.1 %

NASDAQ:FDUS opened at $20.47 on Friday. The firm has a market capitalization of $694.24 million, a price-to-earnings ratio of 7.31 and a beta of 1.39. Fidus Investment Co. has a 1-year low of $18.41 and a 1-year high of $23.55. The business’s fifty day moving average price is $22.21 and its 200 day moving average price is $20.93.

Fidus Investment Dividend Announcement

The company also recently announced a — dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 20th will be given a $0.11 dividend. This represents a yield of 7.4%. The ex-dividend date is Thursday, March 20th. Fidus Investment’s payout ratio is currently 71.37%.

Analysts Set New Price Targets

Separately, LADENBURG THALM/SH SH lowered Fidus Investment from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 7th.

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.