Fidus Investment (NASDAQ:FDUS) Sees Unusually-High Trading Volume

Shares of Fidus Investment Co. (NASDAQ:FDUS) saw an uptick in trading volume on Thursday . 988,121 shares changed hands during trading, an increase of 253% from the previous session’s volume of 280,272 shares.The stock last traded at $20.01 and had previously closed at $19.84.

Fidus Investment Trading Up 1.1 %

The firm has a market cap of $632.66 million, a PE ratio of 6.82 and a beta of 1.36. The firm’s 50 day simple moving average is $19.69 and its 200 day simple moving average is $19.54.

Fidus Investment (NASDAQ:FDUS) last issued its quarterly earnings data on Thursday, February 29th. The asset manager reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.09. Fidus Investment had a return on equity of 12.69% and a net margin of 60.25%. The business had revenue of $36.31 million for the quarter, compared to analysts’ expectations of $32.83 million. As a group, equities research analysts predict that Fidus Investment Co. will post 2.36 earnings per share for the current fiscal year.

Fidus Investment Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 26th. Stockholders of record on Wednesday, June 19th will be paid a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 8.58%. The ex-dividend date of this dividend is Tuesday, June 18th. Fidus Investment’s payout ratio is 59.11%.

Institutional Trading of Fidus Investment

Several hedge funds and other institutional investors have recently bought and sold shares of FDUS. Spire Wealth Management lifted its holdings in shares of Fidus Investment by 35.3% in the 4th quarter. Spire Wealth Management now owns 2,351 shares of the asset manager’s stock worth $46,000 after acquiring an additional 613 shares during the last quarter. MeadowBrook Investment Advisors LLC bought a new position in shares of Fidus Investment in the fourth quarter worth about $57,000. First Horizon Advisors Inc. purchased a new stake in Fidus Investment in the 4th quarter valued at about $69,000. Cape Investment Advisory Inc. bought a new stake in shares of Fidus Investment during the fourth quarter valued at approximately $96,000. Finally, Nisa Investment Advisors LLC bought a new stake in Fidus Investment during the 3rd quarter valued at $140,000. Hedge funds and other institutional investors own 28.14% of the company’s stock.

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.