Wedge Capital Management L L P NC increased its holdings in Fidus Investment Corp (NASDAQ:FDUS) by 121.7% in the third quarter, HoldingsChannel.com reports. The fund owned 89,288 shares of the asset manager’s stock after acquiring an additional 49,015 shares during the period. Wedge Capital Management L L P NC’s holdings in Fidus Investment were worth $1,324,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the stock. D.A. Davidson & CO. purchased a new position in Fidus Investment during the second quarter valued at $161,000. Russell Investments Group Ltd. lifted its position in Fidus Investment by 108.0% during the third quarter. Russell Investments Group Ltd. now owns 12,065 shares of the asset manager’s stock valued at $179,000 after buying an additional 6,265 shares during the period. Mid Atlantic Financial Management Inc. ADV purchased a new position in Fidus Investment during the second quarter valued at $203,000. JPMorgan Chase & Co. lifted its position in Fidus Investment by 10.9% during the second quarter. JPMorgan Chase & Co. now owns 18,281 shares of the asset manager’s stock valued at $291,000 after buying an additional 1,790 shares during the period. Finally, Steward Partners Investment Advisory LLC lifted its position in Fidus Investment by 57.5% during the second quarter. Steward Partners Investment Advisory LLC now owns 21,874 shares of the asset manager’s stock valued at $348,000 after buying an additional 7,985 shares during the period. 29.26% of the stock is owned by institutional investors.

Fidus Investment stock traded up $0.09 on Friday, hitting $15.19. 100 shares of the stock traded hands, compared to its average volume of 103,040. Fidus Investment Corp has a 1 year low of $11.48 and a 1 year high of $16.50. The business’s fifty day simple moving average is $14.75 and its 200 day simple moving average is $15.45. The firm has a market cap of $369.15 million, a P/E ratio of 10.70 and a beta of 1.02.

Several brokerages have commented on FDUS. LADENBURG THALM/SH SH lowered Fidus Investment from a “buy” rating to a “neutral” rating in a research report on Monday, August 5th. Raymond James lowered Fidus Investment from a “strong-buy” rating to an “outperform” rating and lowered their price objective for the company from $17.00 to $16.00 in a research report on Friday, October 11th. Zacks Investment Research lowered Fidus Investment from a “hold” rating to a “strong sell” rating in a research report on Wednesday. National Securities began coverage on Fidus Investment in a research report on Wednesday, October 23rd. They set a “neutral” rating and a $15.00 price objective for the company. Finally, BidaskClub lowered Fidus Investment from a “hold” rating to a “sell” rating in a research report on Tuesday, October 8th. Three analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. Fidus Investment currently has an average rating of “Hold” and an average price target of $16.63.

Fidus Investment Company Profile

Fidus Investment Corporation is a business development company 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.

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

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