Commonwealth Equity Services LLC Has $561,000 Holdings in Fidus Investment Co. (NASDAQ:FDUS)

Commonwealth Equity Services LLC boosted its stake in Fidus Investment Co. (NASDAQ:FDUS) by 8.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28,801 shares of the asset manager’s stock after purchasing an additional 2,272 shares during the period. Commonwealth Equity Services LLC owned about 0.09% of Fidus Investment worth $561,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of FDUS. Trexquant Investment LP increased its stake in shares of Fidus Investment by 191.7% in the fourth quarter. Trexquant Investment LP now owns 76,795 shares of the asset manager’s stock valued at $1,512,000 after buying an additional 50,469 shares during the period. Cape Investment Advisory Inc. acquired a new stake in Fidus Investment during the 4th quarter valued at approximately $96,000. Steward Partners Investment Advisory LLC raised its holdings in Fidus Investment by 5.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 21,923 shares of the asset manager’s stock worth $432,000 after purchasing an additional 1,037 shares during the last quarter. Brown Brothers Harriman & Co. lifted its position in shares of Fidus Investment by 82.8% in the 4th quarter. Brown Brothers Harriman & Co. now owns 9,757 shares of the asset manager’s stock worth $192,000 after purchasing an additional 4,420 shares during the period. Finally, Campbell & CO Investment Adviser LLC lifted its position in shares of Fidus Investment by 250.8% in the 4th quarter. Campbell & CO Investment Adviser LLC now owns 92,213 shares of the asset manager’s stock worth $1,816,000 after purchasing an additional 65,924 shares during the period. 28.14% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Fidus Investment Price Performance

Shares of NASDAQ:FDUS opened at $19.53 on Friday. Fidus Investment Co. has a 1 year low of $17.63 and a 1 year high of $20.60. The business’s 50-day moving average is $19.69 and its 200-day moving average is $19.73. The company has a market capitalization of $616.25 million, a price-to-earnings ratio of 6.71 and a beta of 1.40.

Fidus Investment (NASDAQ:FDUS) last issued its quarterly earnings results on Thursday, August 1st. The asset manager reported $0.57 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.57. The firm had revenue of $35.66 million for the quarter, compared to analyst estimates of $34.88 million. Fidus Investment had a return on equity of 12.29% and a net margin of 67.43%. During the same period in the previous year, the firm earned $0.62 earnings per share. Analysts anticipate that Fidus Investment Co. will post 2.32 EPS for the current year.

Fidus Investment Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 26th. Shareholders of record on Thursday, September 19th will be issued a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 11.67%. This is a boost from Fidus Investment’s previous quarterly dividend of $0.43. The ex-dividend date is Thursday, September 19th. Fidus Investment’s dividend payout ratio (DPR) is presently 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.