Morey & Quinn Wealth Partners LLC Acquires New Position in Fidus Investment Co. (NASDAQ:FDUS)

Morey & Quinn Wealth Partners LLC bought a new position in Fidus Investment Co. (NASDAQ:FDUS) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 14,778 shares of the asset manager’s stock, valued at approximately $311,000.

Other institutional investors have also made changes to their positions in the company. Franklin Resources Inc. boosted its holdings 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 purchasing an additional 31,426 shares during the period. PNC Financial Services Group Inc. boosted its holdings in shares of Fidus Investment by 3,378.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 26,090 shares of the asset manager’s stock valued at $548,000 after buying an additional 25,340 shares during the period. Sage Investment Counsel LLC bought a new stake in shares of Fidus Investment during the 4th quarter valued at about $253,000. Columbus Macro LLC acquired a new stake in Fidus Investment during the fourth quarter worth about $5,610,000. Finally, Capital Advisory Group Advisory Services LLC lifted its holdings in Fidus Investment by 22.9% in the fourth quarter. Capital Advisory Group Advisory Services LLC now owns 77,177 shares of the asset manager’s stock worth $1,622,000 after acquiring an additional 14,362 shares during the last quarter. 28.14% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, LADENBURG THALM/SH SH cut Fidus Investment from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 7th.

Fidus Investment Stock Performance

FDUS stock opened at $20.81 on Wednesday. The stock’s fifty day moving average is $22.20 and its two-hundred day moving average is $20.95. The stock has a market capitalization of $705.77 million, a price-to-earnings ratio of 7.43 and a beta of 1.39. Fidus Investment Co. has a 1 year low of $18.41 and a 1 year high of $23.55.

Fidus Investment Dividend Announcement

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