Riverbridge Partners LLC Takes Position in Fidus Investment Co. (NASDAQ:FDUS)

Riverbridge Partners LLC acquired a new position in Fidus Investment Co. (NASDAQ:FDUS) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 34,071 shares of the asset manager’s stock, valued at approximately $716,000. Riverbridge Partners LLC owned approximately 0.10% of Fidus Investment as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Hennion & Walsh Asset Management Inc. raised 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 valued at $934,000 after purchasing an additional 9,559 shares in the last quarter. Fiduciary Alliance LLC purchased a new position in Fidus Investment during the fourth quarter valued at approximately $274,000. Franklin Resources Inc. raised its stake in Fidus Investment by 37.0% in the third quarter. Franklin Resources Inc. now owns 116,472 shares of the asset manager’s stock worth $2,269,000 after buying an additional 31,426 shares in the last quarter. McIlrath & Eck LLC purchased a new stake in Fidus Investment during the third quarter worth $59,000. Finally, IHT Wealth Management LLC boosted its position in Fidus Investment by 5.5% during the 3rd quarter. IHT Wealth Management LLC now owns 54,921 shares of the asset manager’s stock valued at $1,076,000 after acquiring an additional 2,887 shares in the last quarter. 28.14% of the stock is currently owned by hedge funds and other institutional investors.

Fidus Investment Trading Up 1.2 %

FDUS opened at $22.14 on Friday. Fidus Investment Co. has a 12 month low of $18.41 and a 12 month high of $22.20. The stock has a fifty day moving average price of $21.07 and a 200-day moving average price of $20.15. The firm has a market cap of $750.99 million, a price-to-earnings ratio of 7.91 and a beta of 1.39.

Fidus Investment (NASDAQ:FDUS) last announced its earnings results on Thursday, October 31st. The asset manager reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.04. Fidus Investment had a net margin of 60.09% and a return on equity of 12.11%. The business had revenue of $38.38 million during the quarter, compared to the consensus estimate of $36.43 million. During the same period in the previous year, the company posted $0.68 earnings per share. On average, equities research analysts forecast that Fidus Investment Co. will post 2.28 EPS for the current year.

Fidus Investment Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Tuesday, December 17th were paid a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 11.02%. This is an increase from Fidus Investment’s previous quarterly dividend of $0.57. The ex-dividend date was Tuesday, December 17th. Fidus Investment’s dividend payout ratio (DPR) is 61.43%.

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.