Cornerstone Wealth Management LLC Boosts Holdings in Fidus Investment Co. (NASDAQ:FDUS)

Cornerstone Wealth Management LLC boosted its position in shares of Fidus Investment Co. (NASDAQ:FDUS) by 10.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 21,426 shares of the asset manager’s stock after purchasing an additional 1,989 shares during the quarter. Cornerstone Wealth Management LLC’s holdings in Fidus Investment were worth $450,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. McIlrath & Eck LLC purchased a new position in Fidus Investment in the 3rd quarter worth approximately $59,000. Farther Finance Advisors LLC lifted its holdings in shares of Fidus Investment by 23.6% during the third quarter. Farther Finance Advisors LLC now owns 7,467 shares of the asset manager’s stock valued at $146,000 after purchasing an additional 1,426 shares in the last quarter. Paloma Partners Management Co purchased a new stake in shares of Fidus Investment during the third quarter valued at $268,000. Fiduciary Alliance LLC purchased a new position in Fidus Investment in the 4th quarter worth about $274,000. Finally, Optimum Investment Advisors boosted its holdings in shares of Fidus Investment by 24.6% during the 3rd quarter. Optimum Investment Advisors now owns 17,325 shares of the asset manager’s stock valued at $340,000 after acquiring an additional 3,425 shares during the last quarter. 28.14% of the stock is currently owned by institutional investors.

Fidus Investment Trading Up 0.6 %

Shares of FDUS opened at $22.28 on Friday. Fidus Investment Co. has a 1-year low of $18.41 and a 1-year high of $22.37. The firm has a fifty day simple moving average of $21.11 and a two-hundred day simple moving average of $20.17. The firm has a market cap of $755.74 million, a PE ratio of 7.96 and a beta of 1.39.

Fidus Investment (NASDAQ:FDUS) last announced its earnings results on Thursday, October 31st. The asset manager reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.04. The company had revenue of $38.38 million for the quarter, compared to analysts’ expectations of $36.43 million. Fidus Investment had a return on equity of 12.11% and a net margin of 60.09%. During the same period last year, the firm earned $0.68 EPS. As a group, research analysts forecast that Fidus Investment Co. will post 2.28 EPS for the current fiscal year.

Fidus Investment Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Tuesday, December 17th were issued a $0.61 dividend. The ex-dividend date of this dividend was Tuesday, December 17th. This is a boost from Fidus Investment’s previous quarterly dividend of $0.57. This represents a $2.44 dividend on an annualized basis and a yield of 10.95%. Fidus Investment’s payout ratio is currently 61.43%.

Fidus Investment Company 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.