Hennion & Walsh Asset Management Inc. Has $934,000 Stake in Fidus Investment Co. (NASDAQ:FDUS)

Hennion & Walsh Asset Management Inc. lifted its stake in Fidus Investment Co. (NASDAQ:FDUS) by 27.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 44,422 shares of the asset manager’s stock after buying an additional 9,559 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Fidus Investment were worth $934,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in FDUS. Franklin Resources Inc. lifted its position in Fidus Investment by 37.0% in the third quarter. Franklin Resources Inc. now owns 116,472 shares of the asset manager’s stock worth $2,269,000 after purchasing an additional 31,426 shares during the period. Farther Finance Advisors LLC lifted its stake in Fidus Investment by 23.6% during the third quarter. Farther Finance Advisors LLC now owns 7,467 shares of the asset manager’s stock worth $146,000 after purchasing an additional 1,426 shares during the period. Van ECK Associates Corp boosted its holdings in Fidus Investment by 11.5% during the third quarter. Van ECK Associates Corp now owns 809,411 shares of the asset manager’s stock valued at $15,808,000 after purchasing an additional 83,538 shares in the last quarter. NewEdge Advisors LLC grew its stake in shares of Fidus Investment by 9.3% in the 2nd quarter. NewEdge Advisors LLC now owns 122,359 shares of the asset manager’s stock valued at $2,384,000 after purchasing an additional 10,364 shares during the period. Finally, Envestnet Asset Management Inc. raised its holdings in shares of Fidus Investment by 17.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 225,904 shares of the asset manager’s stock worth $4,401,000 after buying an additional 33,474 shares in the last quarter. 28.14% of the stock is owned by institutional investors and hedge funds.

Fidus Investment Price Performance

Fidus Investment stock opened at $21.70 on Monday. The business has a 50 day simple moving average of $20.94 and a 200 day simple moving average of $20.09. Fidus Investment Co. has a one year low of $18.41 and a one year high of $21.76. The company has a market capitalization of $735.96 million, a PE ratio of 7.75 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 firm had revenue of $38.38 million during the quarter, compared to the consensus estimate of $36.43 million. Fidus Investment had a net margin of 60.09% and a return on equity of 12.11%. During the same period last year, the firm posted $0.68 EPS. Equities analysts anticipate that Fidus Investment Co. will post 2.28 earnings per share for the current fiscal year.

Fidus Investment Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Tuesday, December 17th were paid a $0.61 dividend. The ex-dividend date was Tuesday, December 17th. This represents a $2.44 dividend on an annualized basis and a yield of 11.24%. This is a positive change from Fidus Investment’s previous quarterly dividend of $0.57. Fidus Investment’s payout ratio is currently 61.43%.

About Fidus Investment

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.