LPL Financial LLC Has $1.67 Million Stock Holdings in Fidus Investment Co. (NASDAQ:FDUS)

LPL Financial LLC raised its stake in Fidus Investment Co. (NASDAQ:FDUS) by 3.4% in the 4th quarter, HoldingsChannel reports. The firm owned 79,515 shares of the asset manager’s stock after acquiring an additional 2,603 shares during the quarter. LPL Financial LLC’s holdings in Fidus Investment were worth $1,671,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. McIlrath & Eck LLC bought a new stake in Fidus Investment in the 3rd quarter valued at about $59,000. Franklin Resources Inc. raised its position in shares of Fidus Investment by 37.0% during the third quarter. Franklin Resources Inc. now owns 116,472 shares of the asset manager’s stock worth $2,269,000 after purchasing an additional 31,426 shares during the period. Fiduciary Alliance LLC bought a new position in shares of Fidus Investment in the 4th quarter worth $274,000. Hennion & Walsh Asset Management Inc. lifted its holdings in shares of Fidus Investment by 27.4% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 44,422 shares of the asset manager’s stock worth $934,000 after purchasing an additional 9,559 shares in the last quarter. Finally, Riverbridge Partners LLC acquired a new stake in Fidus Investment in the 4th quarter valued at $716,000. Institutional investors and hedge funds own 28.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on FDUS. Keefe, Bruyette & Woods lowered their price objective on shares of Fidus Investment from $21.00 to $20.00 and set a “market perform” rating on the stock in a report on Tuesday, April 8th. LADENBURG THALM/SH SH cut shares of Fidus Investment from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 7th.

Fidus Investment Stock Down 0.6 %

Shares of NASDAQ:FDUS opened at $18.24 on Thursday. The business’s 50 day moving average is $21.06 and its 200 day moving average is $20.84. Fidus Investment Co. has a 12-month low of $16.70 and a 12-month high of $23.55. The stock has a market cap of $633.51 million, a price-to-earnings ratio of 6.51 and a beta of 1.10.

Fidus Investment Announces Dividend

The company also recently disclosed a — dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 20th were issued a dividend of $0.11 per share. This represents a yield of 7.4%. The ex-dividend date was Thursday, March 20th. Fidus Investment’s dividend payout ratio is 71.37%.

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.