Y Intercept Hong Kong Ltd Has $307,000 Stock Holdings in Fidus Investment Co. (NASDAQ:FDUS)

Y Intercept Hong Kong Ltd reduced its holdings in shares of Fidus Investment Co. (NASDAQ:FDUS) by 65.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,655 shares of the asset manager’s stock after selling 30,095 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Fidus Investment were worth $307,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC boosted its stake in Fidus Investment by 20.0% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 12,866 shares of the asset manager’s stock valued at $251,000 after purchasing an additional 2,140 shares during the last quarter. Raymond James Trust N.A. boosted its position in shares of Fidus Investment by 49.4% during the second quarter. Raymond James Trust N.A. now owns 56,338 shares of the asset manager’s stock valued at $1,097,000 after buying an additional 18,638 shares during the last quarter. Commonwealth Equity Services LLC grew its holdings in Fidus Investment by 8.6% during the second quarter. Commonwealth Equity Services LLC now owns 28,801 shares of the asset manager’s stock worth $561,000 after buying an additional 2,272 shares in the last quarter. Van ECK Associates Corp raised its position in Fidus Investment by 20.8% in the 2nd quarter. Van ECK Associates Corp now owns 725,873 shares of the asset manager’s stock valued at $14,140,000 after buying an additional 125,011 shares during the last quarter. Finally, GraniteShares Advisors LLC lifted its stake in Fidus Investment by 14.2% during the 2nd quarter. GraniteShares Advisors LLC now owns 98,076 shares of the asset manager’s stock valued at $1,911,000 after acquiring an additional 12,232 shares in the last quarter. 28.14% of the stock is owned by institutional investors.

Fidus Investment Stock Down 0.8 %

Shares of NASDAQ FDUS opened at $20.26 on Wednesday. The company has a market capitalization of $687.12 million, a PE ratio of 7.24 and a beta of 1.39. The stock’s 50 day moving average price is $20.30 and its 200-day moving average price is $19.90. Fidus Investment Co. has a twelve month low of $18.41 and a twelve month high of $21.68.

Fidus Investment (NASDAQ:FDUS) last posted its quarterly earnings data on Thursday, October 31st. The asset manager reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.04. Fidus Investment had a return on equity of 12.11% and a net margin of 60.09%. The business had revenue of $38.38 million for the quarter, compared to analysts’ expectations of $36.43 million. During the same quarter in the previous year, the firm earned $0.68 earnings per share. As a group, research analysts expect that Fidus Investment Co. will post 2.28 EPS for the current fiscal year.

Fidus Investment Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Tuesday, December 17th will be given a dividend of $0.61 per share. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $2.44 annualized dividend and a yield of 12.04%. This is a positive change from Fidus Investment’s previous quarterly dividend of $0.57. Fidus Investment’s dividend payout ratio is presently 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.