Millstone Evans Group LLC Invests $77,000 in Fidus Investment Co. (NASDAQ:FDUS)

Millstone Evans Group LLC bought a new position in Fidus Investment Co. (NASDAQ:FDUS) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 3,686 shares of the asset manager’s stock, valued at approximately $77,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Franklin Resources Inc. boosted its holdings in shares of Fidus Investment by 37.0% in the 3rd quarter. Franklin Resources Inc. now owns 116,472 shares of the asset manager’s stock worth $2,269,000 after acquiring an additional 31,426 shares in the last quarter. PNC Financial Services Group Inc. raised its position in Fidus Investment by 3,378.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 26,090 shares of the asset manager’s stock worth $548,000 after purchasing an additional 25,340 shares during the last quarter. Sage Investment Counsel LLC bought a new position in Fidus Investment in the 4th quarter worth approximately $253,000. Columbus Macro LLC bought a new position in Fidus Investment in the 4th quarter worth approximately $5,610,000. Finally, Capital Advisory Group Advisory Services LLC raised its position in Fidus Investment by 22.9% in the 4th quarter. Capital Advisory Group Advisory Services LLC now owns 77,177 shares of the asset manager’s stock worth $1,622,000 after purchasing an additional 14,362 shares during the last quarter. 28.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Fidus Investment Price Performance

FDUS stock opened at $20.52 on Monday. The company has a 50 day moving average price of $22.20 and a 200 day moving average price of $20.94. Fidus Investment Co. has a fifty-two week low of $18.41 and a fifty-two week high of $23.55. The stock has a market capitalization of $695.94 million, a PE ratio of 7.33 and a beta of 1.39.

Fidus Investment Announces Dividend

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

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.