Fidus Investment (FDUS) Reaches New 52-Week Low at $15.16

Shares of Fidus Investment Corporation (NASDAQ:FDUS) hit a new 52-week low on Thursday . The company traded as low as $15.16 and last traded at $15.30, with a volume of 140700 shares traded. The stock had previously closed at $15.42.

A number of brokerages have recently weighed in on FDUS. Zacks Investment Research lowered shares of Fidus Investment from a “hold” rating to a “sell” rating in a research note on Monday, September 18th. BidaskClub lowered shares of Fidus Investment from a “sell” rating to a “strong sell” rating in a research note on Saturday, December 9th.

The company has a market capitalization of $377.68, a price-to-earnings ratio of 7.73 and a beta of 1.11.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 27th. Investors of record on Wednesday, December 20th were issued a $0.39 dividend. The ex-dividend date was Tuesday, December 19th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 10.20%. Fidus Investment’s payout ratio is currently 78.79%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. D.A. Davidson & CO. raised its holdings in shares of Fidus Investment by 8.2% in the 2nd quarter. D.A. Davidson & CO. now owns 6,615 shares of the asset manager’s stock worth $111,000 after purchasing an additional 504 shares in the last quarter. Oppenheimer & Co. Inc. raised its holdings in shares of Fidus Investment by 5.9% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 27,541 shares of the asset manager’s stock worth $463,000 after purchasing an additional 1,528 shares in the last quarter. First Allied Advisory Services Inc. raised its holdings in shares of Fidus Investment by 11.5% in the 2nd quarter. First Allied Advisory Services Inc. now owns 19,155 shares of the asset manager’s stock worth $323,000 after purchasing an additional 1,970 shares in the last quarter. Morgan Stanley raised its holdings in shares of Fidus Investment by 7.4% in the 1st quarter. Morgan Stanley now owns 79,744 shares of the asset manager’s stock worth $1,403,000 after purchasing an additional 5,478 shares in the last quarter. Finally, Optimum Investment Advisors raised its holdings in shares of Fidus Investment by 31.2% in the 2nd quarter. Optimum Investment Advisors now owns 40,482 shares of the asset manager’s stock worth $681,000 after purchasing an additional 9,638 shares in the last quarter. Institutional investors and hedge funds own 32.06% of the company’s stock.

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About Fidus Investment

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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