977,123 Shares in Fidus Investment Co. (NASDAQ:FDUS) Bought by Raymond James Financial Inc.

Raymond James Financial Inc. purchased a new position in Fidus Investment Co. (NASDAQ:FDUS) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 977,123 shares of the asset manager’s stock, valued at approximately $20,539,000. Raymond James Financial Inc. owned about 2.88% of Fidus Investment as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. D.A. Davidson & CO. boosted its stake in Fidus Investment by 4.0% during the third quarter. D.A. Davidson & CO. now owns 26,898 shares of the asset manager’s stock worth $527,000 after buying an additional 1,031 shares during the period. Truist Financial Corp boosted its stake in Fidus Investment by 2.7% during the fourth quarter. Truist Financial Corp now owns 47,820 shares of the asset manager’s stock worth $1,005,000 after buying an additional 1,261 shares during the period. Cornerstone Wealth Management LLC boosted its stake 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 worth $450,000 after buying an additional 1,989 shares during the period. Promus Capital LLC purchased a new position in Fidus Investment during the fourth quarter worth $43,000. Finally, IHT Wealth Management LLC boosted its stake in Fidus Investment by 5.5% during the third quarter. IHT Wealth Management LLC now owns 54,921 shares of the asset manager’s stock worth $1,076,000 after buying an additional 2,887 shares during the period. Institutional investors own 28.14% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Fidus Investment Trading Up 1.6 %

Shares of FDUS opened at $21.23 on Monday. The firm has a market capitalization of $720.02 million, a P/E ratio of 7.58 and a beta of 1.39. Fidus Investment Co. has a 12-month low of $18.41 and a 12-month high of $23.55. The firm has a fifty day moving average price of $22.21 and a 200-day moving average price of $20.92.

Fidus Investment Announces Dividend

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

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.