First Horizon Advisors Inc. Buys Shares of 3,527 Fidus Investment Co. (NASDAQ:FDUS)

First Horizon Advisors Inc. purchased a new position in shares of Fidus Investment Co. (NASDAQ:FDUS) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,527 shares of the asset manager’s stock, valued at approximately $69,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Nisa Investment Advisors LLC acquired a new stake in shares of Fidus Investment during the third quarter worth $140,000. Quantbot Technologies LP raised its stake in shares of Fidus Investment by 162.9% in the 3rd quarter. Quantbot Technologies LP now owns 8,475 shares of the asset manager’s stock valued at $163,000 after purchasing an additional 5,251 shares during the period. Sound Income Strategies LLC lifted its holdings in shares of Fidus Investment by 698.2% in the fourth quarter. Sound Income Strategies LLC now owns 8,253 shares of the asset manager’s stock valued at $163,000 after purchasing an additional 7,219 shares in the last quarter. Cornerstone Wealth Management LLC acquired a new position in shares of Fidus Investment during the fourth quarter worth about $222,000. Finally, Atria Wealth Solutions Inc. grew its holdings in shares of Fidus Investment by 8.9% during the third quarter. Atria Wealth Solutions Inc. now owns 16,853 shares of the asset manager’s stock worth $324,000 after buying an additional 1,379 shares in the last quarter. Institutional investors and hedge funds own 28.14% of the company’s stock.

Fidus Investment Stock Performance

NASDAQ FDUS opened at $19.85 on Wednesday. The stock has a market capitalization of $626.27 million, a price-to-earnings ratio of 6.82 and a beta of 1.36. Fidus Investment Co. has a 52 week low of $17.63 and a 52 week high of $21.25. The stock’s 50 day moving average price is $19.69 and its two-hundred day moving average price is $19.54.

Fidus Investment (NASDAQ:FDUS) last announced its earnings results on Thursday, February 29th. The asset manager reported $0.65 EPS for the quarter, topping the consensus estimate of $0.56 by $0.09. Fidus Investment had a net margin of 60.25% and a return on equity of 12.69%. The business had revenue of $36.31 million during the quarter, compared to analysts’ expectations of $32.83 million. On average, equities research analysts forecast that Fidus Investment Co. will post 2.36 EPS for the current year.

Fidus Investment Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 26th. Investors of record on Wednesday, June 19th will be given a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 8.66%. The ex-dividend date is Tuesday, June 18th. Fidus Investment’s dividend payout ratio is currently 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.