Fidus Investment Co. (NASDAQ:FDUS) Stock Holdings Lifted by Muzinich & Co. Inc.

Muzinich & Co. Inc. raised its position in shares of Fidus Investment Co. (NASDAQ:FDUS) by 7.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 72,643 shares of the asset manager’s stock after purchasing an additional 5,302 shares during the period. Fidus Investment accounts for about 1.0% of Muzinich & Co. Inc.’s investment portfolio, making the stock its 23rd largest position. Muzinich & Co. Inc. owned approximately 0.22% of Fidus Investment worth $1,424,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the company. Cetera Investment Advisers increased its position in Fidus Investment by 42.2% during the first quarter. Cetera Investment Advisers now owns 197,965 shares of the asset manager’s stock worth $3,908,000 after buying an additional 58,768 shares during the last quarter. Cetera Advisors LLC increased its holdings in shares of Fidus Investment by 611.5% during the 1st quarter. Cetera Advisors LLC now owns 71,651 shares of the asset manager’s stock valued at $1,414,000 after acquiring an additional 61,580 shares during the last quarter. Van ECK Associates Corp raised its stake in shares of Fidus Investment by 11.5% in the 3rd quarter. Van ECK Associates Corp now owns 809,411 shares of the asset manager’s stock valued at $15,808,000 after acquiring an additional 83,538 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in Fidus Investment by 23.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 7,467 shares of the asset manager’s stock worth $146,000 after purchasing an additional 1,426 shares during the last quarter. Finally, Legacy Capital Wealth Partners LLC bought a new stake in Fidus Investment during the second quarter worth approximately $1,521,000. 28.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Fidus Investment Stock Performance

Fidus Investment stock opened at $20.45 on Friday. Fidus Investment Co. has a 52 week low of $18.41 and a 52 week high of $20.60. The firm has a market capitalization of $693.66 million, a PE ratio of 7.30 and a beta of 1.40. The business’s 50-day simple moving average is $19.70 and its 200-day simple moving average is $19.73.

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 company had revenue of $38.38 million for the quarter, compared to the consensus estimate 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 posted $0.68 EPS. Research analysts forecast that Fidus Investment Co. will post 2.28 earnings per share for the current year.

Fidus Investment Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Tuesday, December 17th will be given a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 11.93%. This is a positive change from Fidus Investment’s previous quarterly dividend of $0.57. The ex-dividend date is Tuesday, December 17th. Fidus Investment’s dividend payout ratio (DPR) is currently 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.