Private Advisor Group LLC Invests $203,000 in Fidus Investment Co. (NASDAQ:FDUS)

Private Advisor Group LLC bought a new position in shares of Fidus Investment Co. (NASDAQ:FDUS) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 9,679 shares of the asset manager’s stock, valued at approximately $203,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. McIlrath & Eck LLC acquired a new position in shares of Fidus Investment during the 3rd quarter valued at about $59,000. Farther Finance Advisors LLC increased its stake in shares of Fidus Investment by 23.6% during the third quarter. Farther Finance Advisors LLC now owns 7,467 shares of the asset manager’s stock worth $146,000 after buying an additional 1,426 shares during the period. Fiduciary Alliance LLC purchased a new position in Fidus Investment in the fourth quarter valued at approximately $274,000. Paloma Partners Management Co purchased a new position in Fidus Investment in the third quarter valued at approximately $268,000. Finally, Plan Group Financial LLC purchased a new position in shares of Fidus Investment during the fourth quarter worth approximately $334,000. Institutional investors and hedge funds own 28.14% of the company’s stock.

Fidus Investment Trading Down 1.8 %

Shares of FDUS opened at $21.81 on Friday. The firm has a market cap of $739.69 million, a PE ratio of 7.79 and a beta of 1.39. The company’s 50 day simple moving average is $22.14 and its 200-day simple moving average is $20.83. Fidus Investment Co. has a 12-month low of $18.41 and a 12-month high of $23.55.

Fidus Investment Dividend Announcement

The business also recently declared a — dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 20th will be issued a dividend of $0.11 per share. This represents a dividend yield of 7.4%. The ex-dividend date is Thursday, March 20th. Fidus Investment’s dividend payout ratio is presently 61.43%.

About Fidus Investment

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.