Y Intercept Hong Kong Ltd Has $307,000 Holdings in Fidus Investment Co. (NASDAQ:FDUS)

Y Intercept Hong Kong Ltd trimmed its stake in Fidus Investment Co. (NASDAQ:FDUS) by 65.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,655 shares of the asset manager’s stock after selling 30,095 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Fidus Investment were worth $307,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Van ECK Associates Corp increased its stake in shares of Fidus Investment by 20.8% in the second quarter. Van ECK Associates Corp now owns 725,873 shares of the asset manager’s stock valued at $14,140,000 after buying an additional 125,011 shares during the period. Legacy Capital Wealth Partners LLC bought a new stake in Fidus Investment in the second quarter valued at approximately $1,521,000. Cetera Investment Advisers increased its position in Fidus Investment by 18.1% during the 2nd quarter. Cetera Investment Advisers now owns 233,826 shares of the asset manager’s stock valued at $4,555,000 after purchasing an additional 35,861 shares during the period. Hennion & Walsh Asset Management Inc. bought a new position in Fidus Investment during the 3rd quarter worth approximately $683,000. Finally, Envestnet Asset Management Inc. lifted its position in shares of Fidus Investment by 17.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 225,904 shares of the asset manager’s stock worth $4,401,000 after purchasing an additional 33,474 shares during the period. 28.14% of the stock is owned by institutional investors.

Fidus Investment Stock Performance

NASDAQ:FDUS opened at $20.26 on Wednesday. Fidus Investment Co. has a 52 week low of $18.41 and a 52 week high of $21.68. The firm’s fifty day moving average is $20.30 and its 200-day moving average is $19.90. The firm has a market cap of $687.12 million, a P/E ratio of 7.24 and a beta of 1.39.

Fidus Investment (NASDAQ:FDUS) last issued its quarterly earnings results on Thursday, October 31st. The asset manager reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.04. The firm had revenue of $38.38 million during the quarter, compared to the consensus estimate 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 business posted $0.68 EPS. As a group, sell-side analysts anticipate that Fidus Investment Co. will post 2.28 earnings per share for the current year.

Fidus Investment Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Tuesday, December 17th will be paid a $0.61 dividend. The ex-dividend date is Tuesday, December 17th. This is a positive change from Fidus Investment’s previous quarterly dividend of $0.57. This represents a $2.44 annualized dividend and a yield of 12.04%. Fidus Investment’s payout ratio is 61.43%.

Fidus Investment 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.