Brown Brothers Harriman & Co. Has $104,000 Holdings in Fidus Investment Co. (NASDAQ:FDUS)

Brown Brothers Harriman & Co. trimmed its stake in shares of Fidus Investment Co. (NASDAQ:FDUS) by 29.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,337 shares of the asset manager’s stock after selling 2,210 shares during the period. Brown Brothers Harriman & Co.’s holdings in Fidus Investment were worth $104,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Wetzel Investment Advisors Inc. acquired a new stake in shares of Fidus Investment in the 2nd quarter valued at about $32,000. EntryPoint Capital LLC bought a new stake in Fidus Investment in the 1st quarter valued at approximately $45,000. EverSource Wealth Advisors LLC bought a new stake in Fidus Investment in the 1st quarter valued at approximately $73,000. Cape Investment Advisory Inc. acquired a new position in Fidus Investment during the 4th quarter worth approximately $96,000. Finally, Sound Income Strategies LLC grew its stake 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 worth $177,000 after acquiring an additional 721 shares in the last quarter. 28.14% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Fidus Investment Price Performance

Shares of NASDAQ FDUS opened at $20.34 on Thursday. Fidus Investment Co. has a fifty-two week low of $17.63 and a fifty-two week high of $20.60. The stock has a market capitalization of $641.81 million, a price-to-earnings ratio of 6.99 and a beta of 1.40. The business has a 50-day moving average of $19.68 and a 200-day moving average of $19.72.

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, hitting analysts’ consensus estimates of $0.57. Fidus Investment had a return on equity of 12.29% and a net margin of 67.43%. The company had revenue of $35.66 million for the quarter, compared to analysts’ expectations of $34.88 million. During the same quarter in the prior year, the business posted $0.62 EPS. On average, sell-side analysts expect that Fidus Investment Co. will post 2.32 EPS for the current year.

Fidus Investment Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 26th. Shareholders of record on Thursday, September 19th will be paid a $0.57 dividend. The ex-dividend date is Thursday, September 19th. This represents a $2.28 dividend on an annualized basis and a yield of 11.21%. This is a boost from Fidus Investment’s previous quarterly dividend of $0.43. Fidus Investment’s dividend payout ratio (DPR) is currently 59.11%.

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.