Palogic Value Management L.P. Acquires 6,804 Shares of Fidus Investment Co. (NASDAQ:FDUS)

Palogic Value Management L.P. raised its holdings in shares of Fidus Investment Co. (NASDAQ:FDUS) by 11.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 63,822 shares of the asset manager’s stock after acquiring an additional 6,804 shares during the quarter. Palogic Value Management L.P. owned approximately 0.19% of Fidus Investment worth $1,342,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Promus Capital LLC bought a new stake in shares of Fidus Investment in the fourth quarter worth about $43,000. McIlrath & Eck LLC purchased a new position in Fidus Investment in the 3rd quarter worth about $59,000. Private Advisor Group LLC purchased a new stake in shares of Fidus Investment in the 4th quarter worth $203,000. Sage Investment Counsel LLC bought a new stake in shares of Fidus Investment in the 4th quarter valued at about $253,000. Finally, Paloma Partners Management Co bought a new position in Fidus Investment in the third quarter worth approximately $268,000. 28.14% of the stock is owned by institutional investors.

Fidus Investment Stock Performance

Shares of Fidus Investment stock opened at $20.47 on Friday. The firm has a 50-day simple moving average of $22.21 and a two-hundred day simple moving average of $20.93. The company has a market cap of $694.24 million, a P/E ratio of 7.31 and a beta of 1.39. Fidus Investment Co. has a fifty-two week low of $18.41 and a fifty-two week high of $23.55.

Fidus Investment Announces Dividend

The business also recently declared a — dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 20th will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Thursday, March 20th. This represents a dividend yield of 7.4%. Fidus Investment’s dividend payout ratio (DPR) is presently 71.37%.

Analyst Ratings Changes

Separately, LADENBURG THALM/SH SH lowered shares of Fidus Investment from a “strong-buy” rating to a “hold” rating in a report on Friday, March 7th.

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.