Crescent Grove Advisors LLC bought a new position in shares of Fidus Investment Corporation (NASDAQ:FDUS) during the second quarter, Holdings Channel reports. The fund bought 11,277 shares of the asset manager’s stock, valued at approximately $190,000.

Several other large investors have also made changes to their positions in the stock. Muzinich & Co. Inc. boosted its stake in shares of Fidus Investment Corporation by 136.1% in the first quarter. Muzinich & Co. Inc. now owns 787,640 shares of the asset manager’s stock worth $13,839,000 after buying an additional 454,028 shares during the last quarter. UBS Group AG boosted its stake in shares of Fidus Investment Corporation by 20.9% in the first quarter. UBS Group AG now owns 559,907 shares of the asset manager’s stock worth $9,838,000 after buying an additional 96,885 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Fidus Investment Corporation by 23.1% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 426,050 shares of the asset manager’s stock worth $7,486,000 after buying an additional 79,985 shares during the last quarter. Novare Capital Management LLC acquired a new stake in shares of Fidus Investment Corporation during the second quarter worth about $5,564,000. Finally, Sumitomo Mitsui Asset Management Company LTD boosted its stake in shares of Fidus Investment Corporation by 7.8% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 260,347 shares of the asset manager’s stock worth $4,379,000 after buying an additional 18,733 shares during the last quarter. 28.41% of the stock is owned by institutional investors.

Fidus Investment Corporation (NASDAQ FDUS) opened at 16.25 on Friday. Fidus Investment Corporation has a 1-year low of $14.33 and a 1-year high of $18.21. The company has a 50-day moving average price of $16.77 and a 200-day moving average price of $16.95.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Friday, September 8th will be paid a $0.39 dividend. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $1.56 annualized dividend and a yield of 9.60%. Fidus Investment Corporation’s dividend payout ratio is currently 80.83%.

WARNING: This report was published by Watch List News and is owned by of Watch List News. If you are reading this report on another domain, it was illegally copied and reposted in violation of U.S. and international copyright and trademark law. The legal version of this report can be read at https://www.watchlistnews.com/crescent-grove-advisors-llc-invests-190000-in-fidus-investment-corporation-fdus/1478037.html.

FDUS has been the subject of a number of analyst reports. Zacks Investment Research downgraded Fidus Investment Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, May 9th. BidaskClub downgraded Fidus Investment Corporation from a “buy” rating to a “hold” rating in a research note on Friday, July 14th. Finally, Keefe, Bruyette & Woods set a $18.00 price target on Fidus Investment Corporation and gave the company a “hold” rating in a research note on Wednesday, May 31st. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Fidus Investment Corporation currently has an average rating of “Hold” and an average price target of $17.50.

Fidus Investment Corporation Company Profile

Fidus Investment Corporation is a closed-end, non-diversified investment company. The Company provides customized debt and equity financing solutions to lower middle-market companies. The Company’s investment objective is to provide attractive risk-adjusted returns by generating both current income from its debt investments and capital appreciation from its equity-related investments.

Want to see what other hedge funds are holding FDUS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fidus Investment Corporation (NASDAQ:FDUS).

Institutional Ownership by Quarter for Fidus Investment Corporation (NASDAQ:FDUS)

Receive News & Ratings for Fidus Investment Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fidus Investment Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.