TrueMark Investments LLC Takes Position in Fidus Investment Co. (NASDAQ:FDUS)

TrueMark Investments LLC bought a new position in shares of Fidus Investment Co. (NASDAQ:FDUS) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 77,795 shares of the asset manager’s stock, valued at approximately $1,635,000.

Other large investors also recently modified their holdings of the company. Raymond James Financial Inc. bought a new position in shares of Fidus Investment in the 4th quarter valued at about $20,539,000. Van ECK Associates Corp increased its position in Fidus Investment by 1.2% during the 4th quarter. Van ECK Associates Corp now owns 819,011 shares of the asset manager’s stock worth $17,215,000 after buying an additional 9,600 shares during the period. Columbus Macro LLC bought a new position in Fidus Investment during the fourth quarter worth about $5,610,000. PFG Advisors increased its holdings in shares of Fidus Investment by 1.0% during the fourth quarter. PFG Advisors now owns 183,047 shares of the asset manager’s stock worth $3,848,000 after purchasing an additional 1,875 shares during the period. Finally, Franklin Resources Inc. increased its stake in Fidus Investment by 37.0% during the 3rd quarter. Franklin Resources Inc. now owns 116,472 shares of the asset manager’s stock worth $2,269,000 after acquiring an additional 31,426 shares during the period. 28.14% of the stock is currently owned by institutional investors and hedge funds.

Fidus Investment Trading Up 0.3 %

Shares of Fidus Investment stock opened at $20.81 on Wednesday. The company has a market cap of $705.77 million, a PE ratio of 7.43 and a beta of 1.39. The company has a 50 day moving average of $22.20 and a 200-day moving average of $20.95. Fidus Investment Co. has a 1-year low of $18.41 and a 1-year high of $23.55.

Fidus Investment Dividend Announcement

The firm also recently announced a — dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 20th will be issued a $0.11 dividend. This represents a dividend yield of 7.4%. The ex-dividend date is Thursday, March 20th. Fidus Investment’s dividend payout ratio is presently 71.37%.

Analysts Set New Price Targets

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

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.