Kingfisher Capital LLC Buys Shares of 13,011 Fidus Investment Corporation (FDUS)

Kingfisher Capital LLC bought a new position in Fidus Investment Corporation (NASDAQ:FDUS) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 13,011 shares of the asset manager’s stock, valued at approximately $219,000.

Other hedge funds have also added to or reduced their stakes in the company. Novare Capital Management LLC bought a new position in shares of Fidus Investment Corporation during the 2nd quarter worth $5,564,000. Muzinich & Co. Inc. grew its position in shares of Fidus Investment Corporation 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 grew its position in shares of Fidus Investment Corporation 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 grew its position in shares of Fidus Investment Corporation 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 grew its position in shares of Fidus Investment Corporation 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 and hedge funds own 30.68% of the company’s stock.

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A number of equities research analysts recently weighed in on FDUS shares. Zacks Investment Research raised Fidus Investment Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, October 4th. BidaskClub downgraded Fidus Investment Corporation from a “buy” rating to a “hold” rating in a research report on Friday, July 14th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $17.50.

Shares of Fidus Investment Corporation (NASDAQ:FDUS) traded down 0.6139% during midday trading on Friday, reaching $16.0608. The company had a trading volume of 29,644 shares. The company’s 50 day moving average price is $16.07 and its 200-day moving average price is $16.80. Fidus Investment Corporation has a 52 week low of $14.33 and a 52 week high of $18.21.

The company also recently announced a quarterly dividend, which was paid on Friday, September 22nd. Investors of record on Friday, September 8th were given a $0.39 dividend. The ex-dividend date was Thursday, September 7th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 9.65%. Fidus Investment Corporation’s dividend payout ratio (DPR) is presently 80.83%.

Fidus Investment Corporation Company Profile

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 Corporation (NASDAQ:FDUS)

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