WT Wealth Management Sells 2,283 Shares of Fidus Investment Co. (NASDAQ:FDUS)

WT Wealth Management trimmed its position in Fidus Investment Co. (NASDAQ:FDUS) by 3.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 57,639 shares of the asset manager’s stock after selling 2,283 shares during the period. WT Wealth Management’s holdings in Fidus Investment were worth $1,133,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Janney Montgomery Scott LLC boosted its holdings in shares of Fidus Investment by 1.3% in the first quarter. Janney Montgomery Scott LLC now owns 39,429 shares of the asset manager’s stock worth $778,000 after buying an additional 500 shares during the last quarter. Sound Income Strategies LLC raised its position in Fidus Investment by 8.7% in the first quarter. Sound Income Strategies LLC now owns 8,974 shares of the asset manager’s stock worth $177,000 after acquiring an additional 721 shares during the period. Wetzel Investment Advisors Inc. purchased a new position in shares of Fidus Investment during the 2nd quarter worth $32,000. Cornerstone Wealth Management LLC grew its position in shares of Fidus Investment by 10.4% during the 3rd quarter. Cornerstone Wealth Management LLC now owns 19,437 shares of the asset manager’s stock valued at $381,000 after acquiring an additional 1,838 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its position in shares of Fidus Investment by 20.0% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 12,866 shares of the asset manager’s stock valued at $251,000 after acquiring an additional 2,140 shares during the period. 28.14% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods upgraded Fidus Investment to a “hold” rating in a research report on Monday, August 5th.

Fidus Investment Stock Performance

Shares of FDUS traded down $0.02 during mid-day trading on Tuesday, reaching $19.71. The stock had a trading volume of 55,256 shares, compared to its average volume of 243,469. The business has a fifty day moving average of $19.74 and a 200 day moving average of $19.74. The firm has a market cap of $621.93 million, a price-to-earnings ratio of 6.78 and a beta of 1.39. Fidus Investment Co. has a 12 month low of $17.63 and a 12 month high of $20.60.

Fidus Investment (NASDAQ:FDUS) last issued its earnings results on Thursday, August 1st. The asset manager reported $0.57 earnings per share for the quarter, hitting the consensus estimate of $0.57. The company had revenue of $35.66 million during the quarter, compared to the consensus estimate of $34.88 million. Fidus Investment had a net margin of 67.43% and a return on equity of 12.29%. During the same quarter in the prior year, the firm posted $0.62 EPS. On average, research analysts forecast that Fidus Investment Co. will post 2.31 EPS for the current fiscal year.

Fidus Investment Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Thursday, September 19th were paid a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 11.57%. This is an increase from Fidus Investment’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend was Thursday, September 19th. Fidus Investment’s dividend payout ratio is presently 59.11%.

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.