Fidus Investment Corp (FDUS) Holdings Increased by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. grew its stake in shares of Fidus Investment Corp (NASDAQ:FDUS) by 11.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 475,794 shares of the asset manager’s stock after buying an additional 49,744 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Fidus Investment Corp were worth $8,003,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in FDUS. Novare Capital Management LLC bought a new stake in shares of Fidus Investment Corp during the 2nd quarter worth about $5,564,000. Muzinich & Co. Inc. raised its position in shares of Fidus Investment Corp by 28.7% during the 2nd quarter. Muzinich & Co. Inc. now owns 1,013,739 shares of the asset manager’s stock worth $17,051,000 after buying an additional 226,099 shares in the last quarter. Opus Capital Group LLC raised its position in shares of Fidus Investment Corp by 1,575.2% during the 2nd quarter. Opus Capital Group LLC now owns 223,845 shares of the asset manager’s stock worth $3,765,000 after buying an additional 210,483 shares in the last quarter. UBS Group AG raised its position in shares of Fidus Investment Corp by 20.9% during the 1st quarter. UBS Group AG now owns 559,907 shares of the asset manager’s stock worth $9,838,000 after buying an additional 96,885 shares in the last quarter. Finally, BB&T Securities LLC raised its position in shares of Fidus Investment Corp by 74.2% during the 2nd quarter. BB&T Securities LLC now owns 177,874 shares of the asset manager’s stock worth $2,992,000 after buying an additional 75,738 shares in the last quarter. Institutional investors own 30.68% of the company’s stock.

A number of research firms have commented on FDUS. BidaskClub downgraded shares of Fidus Investment Corp from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Zacks Investment Research downgraded shares of Fidus Investment Corp from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $17.50.

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Shares of Fidus Investment Corp (NASDAQ:FDUS) remained flat at $16.12 during trading on Thursday. The company had a trading volume of 4,807 shares. Fidus Investment Corp has a one year low of $14.33 and a one year high of $18.21. The stock’s 50-day moving average is $16.08 and its 200 day moving average is $16.80.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 22nd. Shareholders of record on Friday, September 8th were given a dividend of $0.39 per share. The ex-dividend date of this dividend was Thursday, September 7th. This represents a $1.56 dividend on an annualized basis and a yield of 9.68%. Fidus Investment Corp’s payout ratio is presently 80.83%.

About Fidus Investment Corp

Fidus Investment Corporation is a closed-end, non-diversified investment company. The Company provides customized debt and equity financing solutions to lower middle-market companies. The Company’s investment objective is to provide attractive risk-adjusted returns by generating both current income from its debt investments and capital appreciation from its equity-related investments.

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Institutional Ownership by Quarter for Fidus Investment Corp (NASDAQ:FDUS)

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