Cornerstone Wealth Management LLC Purchases 1,989 Shares of Fidus Investment Co. (NASDAQ:FDUS)

Cornerstone Wealth Management LLC increased its position in Fidus Investment Co. (NASDAQ:FDUS) by 10.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,426 shares of the asset manager’s stock after buying an additional 1,989 shares during the quarter. Cornerstone Wealth Management LLC owned 0.06% of Fidus Investment worth $450,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Van ECK Associates Corp lifted its holdings in Fidus Investment by 11.5% in the 3rd quarter. Van ECK Associates Corp now owns 809,411 shares of the asset manager’s stock worth $15,808,000 after buying an additional 83,538 shares during the period. Cetera Investment Advisers increased its stake in shares of Fidus Investment by 18.1% during the second quarter. Cetera Investment Advisers now owns 233,826 shares of the asset manager’s stock valued at $4,555,000 after buying an additional 35,861 shares during the period. Hennion & Walsh Asset Management Inc. bought a new position in shares of Fidus Investment during the third quarter valued at approximately $683,000. Riverbridge Partners LLC purchased a new stake in Fidus Investment in the fourth quarter worth $716,000. Finally, Envestnet Asset Management Inc. boosted its holdings in Fidus Investment by 17.4% in the second quarter. Envestnet Asset Management Inc. now owns 225,904 shares of the asset manager’s stock valued at $4,401,000 after acquiring an additional 33,474 shares in the last quarter. 28.14% of the stock is currently owned by institutional investors.

Fidus Investment Trading Up 0.6 %

Shares of Fidus Investment stock opened at $22.28 on Friday. The company’s fifty day simple moving average is $21.11 and its two-hundred day simple moving average is $20.17. Fidus Investment Co. has a 12-month low of $18.41 and a 12-month high of $22.37. The company has a market cap of $755.74 million, a P/E ratio of 7.96 and a beta of 1.39.

Fidus Investment (NASDAQ:FDUS) last announced its quarterly earnings results on Thursday, October 31st. The asset manager reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate 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 net margin of 60.09% and a return on equity of 12.11%. During the same quarter in the previous year, the company earned $0.68 earnings per share. Analysts predict that Fidus Investment Co. will post 2.28 EPS for the current fiscal year.

Fidus Investment Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Tuesday, December 17th were given a dividend of $0.61 per share. The ex-dividend date was 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 dividend 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.