Wealth Enhancement Advisory Services LLC Trims Holdings in Fidus Investment Co. (NASDAQ:FDUS)

Wealth Enhancement Advisory Services LLC lessened its holdings in Fidus Investment Co. (NASDAQ:FDUS) by 4.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,267 shares of the asset manager’s stock after selling 599 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Fidus Investment were worth $240,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Wetzel Investment Advisors Inc. acquired a new position in Fidus Investment in the second quarter valued at approximately $32,000. EntryPoint Capital LLC acquired a new position in shares of Fidus Investment in the 1st quarter valued at $45,000. EverSource Wealth Advisors LLC purchased a new stake in Fidus Investment during the first quarter worth $73,000. Quantbot Technologies LP grew its position in Fidus Investment by 28.0% during the first quarter. Quantbot Technologies LP now owns 14,788 shares of the asset manager’s stock valued at $292,000 after buying an additional 3,231 shares during the period. Finally, Koss Olinger Consulting LLC purchased a new position in Fidus Investment in the second quarter valued at $335,000. 28.14% of the stock is owned by hedge funds and other institutional investors.

Fidus Investment Trading Up 1.2 %

NASDAQ:FDUS opened at $20.29 on Tuesday. The stock has a 50 day moving average of $19.67 and a two-hundred day moving average of $19.72. Fidus Investment Co. has a 12 month low of $18.41 and a 12 month high of $20.60. The firm has a market cap of $688.24 million, a P/E ratio of 7.25 and a beta of 1.40.

Fidus Investment (NASDAQ:FDUS) last issued its quarterly earnings results on Thursday, October 31st. The asset manager reported $0.61 EPS for the quarter, topping the consensus estimate of $0.57 by $0.04. The firm had revenue of $38.38 million during the quarter, compared to analysts’ expectations of $36.43 million. Fidus Investment had a return on equity of 12.11% and a net margin of 60.09%. During the same period in the previous year, the business earned $0.68 earnings per share. On average, research analysts forecast that Fidus Investment Co. will post 2.28 earnings per share for the current year.

Fidus Investment Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Tuesday, December 17th will be paid a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 12.03%. This is a positive change from Fidus Investment’s previous quarterly dividend of $0.57. The ex-dividend date of this dividend is Tuesday, December 17th. Fidus Investment’s dividend payout ratio (DPR) is 61.43%.

Analysts Set New Price Targets

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

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.