Sage Investment Counsel LLC Acquires Shares of 12,053 Fidus Investment Co. (NASDAQ:FDUS)

Sage Investment Counsel LLC acquired a new stake in Fidus Investment Co. (NASDAQ:FDUS) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 12,053 shares of the asset manager’s stock, valued at approximately $253,000.

Other large investors also recently modified their holdings of the company. McIlrath & Eck LLC acquired a new stake in shares of Fidus Investment during the 3rd quarter worth $59,000. Farther Finance Advisors LLC boosted its stake in Fidus Investment by 23.6% in the third quarter. Farther Finance Advisors LLC now owns 7,467 shares of the asset manager’s stock valued at $146,000 after buying an additional 1,426 shares in the last quarter. Private Advisor Group LLC acquired a new stake in Fidus Investment in the fourth quarter valued at about $203,000. Paloma Partners Management Co acquired a new stake in Fidus Investment in the third quarter valued at about $268,000. Finally, Fiduciary Alliance LLC acquired a new stake in Fidus Investment in the fourth quarter valued at about $274,000. 28.14% of the stock is owned by institutional investors and hedge funds.

Fidus Investment Stock Up 1.9 %

NASDAQ:FDUS opened at $23.29 on Friday. The stock’s 50-day simple moving average is $21.97 and its 200 day simple moving average is $20.73. The firm has a market capitalization of $789.88 million, a PE ratio of 8.32 and a beta of 1.39. Fidus Investment Co. has a twelve month low of $18.41 and a twelve month high of $23.55.

Fidus Investment Dividend Announcement

The company also recently announced a — dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 20th will be given a $0.11 dividend. The ex-dividend date is Thursday, March 20th. This represents a yield of 7.4%. Fidus Investment’s dividend payout ratio is presently 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.