Legal & General Group Plc Decreases Stake in Fidus Investment Co. (NASDAQ:FDUS)

Legal & General Group Plc cut its position in Fidus Investment Co. (NASDAQ:FDUS) by 2.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 219,527 shares of the asset manager’s stock after selling 5,148 shares during the period. Legal & General Group Plc’s holdings in Fidus Investment were worth $4,617,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of FDUS. Promus Capital LLC acquired a new position in Fidus Investment in the fourth quarter valued at approximately $43,000. McIlrath & Eck LLC purchased a new stake in shares of Fidus Investment during the 3rd quarter worth approximately $59,000. Millstone Evans Group LLC acquired a new position in shares of Fidus Investment in the 4th quarter valued at $77,000. Private Advisor Group LLC purchased a new position in shares of Fidus Investment in the 4th quarter valued at $203,000. Finally, Blair William & Co. IL purchased a new position in shares of Fidus Investment in the 4th quarter valued at $208,000. 28.14% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have issued reports on FDUS shares. LADENBURG THALM/SH SH lowered Fidus Investment from a “strong-buy” rating to a “hold” rating in a report on Friday, March 7th. Keefe, Bruyette & Woods decreased their target price on shares of Fidus Investment from $21.00 to $20.00 and set a “market perform” rating for the company in a research note on Tuesday, April 8th.

Fidus Investment Price Performance

Shares of FDUS stock opened at $18.15 on Tuesday. Fidus Investment Co. has a 1-year low of $16.70 and a 1-year high of $23.55. The firm has a market capitalization of $630.39 million, a PE ratio of 6.48 and a beta of 1.10. The business’s fifty day moving average price is $20.80 and its 200 day moving average price is $20.84.

Fidus Investment Announces Dividend

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

Fidus Investment Company 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.