Fidus Investment (NASDAQ:FDUS) Sets New 52-Week High – Here’s What Happened

Shares of Fidus Investment Co. (NASDAQ:FDUS) hit a new 52-week high during trading on Tuesday . The stock traded as high as $23.39 and last traded at $23.42, with a volume of 125670 shares traded. The stock had previously closed at $23.09.

Fidus Investment Stock Performance

The company has a market cap of $788.30 million, a P/E ratio of 8.30 and a beta of 1.39. The firm’s 50 day moving average price is $21.70 and its two-hundred day moving average price is $20.58.

Fidus Investment Announces Dividend

The company also recently announced a — dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 20th will be paid a $0.11 dividend. The ex-dividend date is Thursday, March 20th. This represents a dividend yield of 7.4%. Fidus Investment’s dividend payout ratio is presently 61.43%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Cetera Investment Advisers grew its stake in Fidus Investment by 18.8% in the fourth quarter. Cetera Investment Advisers now owns 303,421 shares of the asset manager’s stock valued at $6,378,000 after acquiring an additional 48,034 shares during the period. Baird Financial Group Inc. acquired a new stake in Fidus Investment in the 4th quarter valued at $4,072,000. Ameriprise Financial Inc. increased its stake in Fidus Investment by 8.7% during the 4th quarter. Ameriprise Financial Inc. now owns 96,101 shares of the asset manager’s stock valued at $2,020,000 after purchasing an additional 7,721 shares in the last quarter. Northern Trust Corp increased its stake in Fidus Investment by 17.5% during the 4th quarter. Northern Trust Corp now owns 21,255 shares of the asset manager’s stock valued at $447,000 after purchasing an additional 3,165 shares in the last quarter. Finally, Virtus ETF Advisers LLC lifted its stake in shares of Fidus Investment by 7.5% in the fourth quarter. Virtus ETF Advisers LLC now owns 40,163 shares of the asset manager’s stock valued at $844,000 after buying an additional 2,819 shares in the last quarter. 28.14% of the stock is owned by institutional investors and hedge funds.

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.