Fidus Investment Co. (NASDAQ:FDUS) Holdings Raised by IHT Wealth Management LLC

IHT Wealth Management LLC raised its stake in shares of Fidus Investment Co. (NASDAQ:FDUS) by 9.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 60,357 shares of the asset manager’s stock after buying an additional 5,436 shares during the period. IHT Wealth Management LLC’s holdings in Fidus Investment were worth $1,269,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Truist Financial Corp boosted its position in Fidus Investment by 2.7% during the fourth quarter. Truist Financial Corp now owns 47,820 shares of the asset manager’s stock valued at $1,005,000 after purchasing an additional 1,261 shares during the last quarter. Optimum Investment Advisors lifted its holdings in shares of Fidus Investment by 8.3% during the 4th quarter. Optimum Investment Advisors now owns 18,755 shares of the asset manager’s stock valued at $394,000 after buying an additional 1,430 shares during the last quarter. Transce3nd LLC bought a new stake in shares of Fidus Investment in the 4th quarter valued at approximately $32,000. PFG Advisors grew its stake in shares of Fidus Investment by 1.0% in the 4th quarter. PFG Advisors now owns 183,047 shares of the asset manager’s stock valued at $3,848,000 after buying an additional 1,875 shares in the last quarter. Finally, Cornerstone Wealth Management LLC increased its holdings in Fidus Investment by 10.2% in the fourth quarter. Cornerstone Wealth Management LLC now owns 21,426 shares of the asset manager’s stock worth $450,000 after buying an additional 1,989 shares during the last quarter. 28.14% of the stock is currently owned by hedge funds and other institutional investors.

Fidus Investment Stock Performance

Shares of NASDAQ FDUS opened at $18.83 on Thursday. The business’s 50-day simple moving average is $20.62 and its 200-day simple moving average is $20.81. Fidus Investment Co. has a 52 week low of $16.70 and a 52 week high of $23.55. The firm has a market cap of $654.00 million, a price-to-earnings ratio of 6.73 and a beta of 1.10.

Fidus Investment Announces Dividend

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

Analysts Set New Price Targets

A number of analysts have issued reports on FDUS shares. Keefe, Bruyette & Woods reduced 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. LADENBURG THALM/SH SH lowered shares of Fidus Investment from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 7th.

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.