Fidus Investment (NASDAQ:FDUS) Stock Price Passes Above Two Hundred Day Moving Average – Here’s Why

Fidus Investment Corporation (NASDAQ:FDUS) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $18.78 and traded as high as $20.78. Fidus Investment shares last traded at $20.58, with a volume of 266,155 shares traded.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Fidus Investment in a report on Wednesday, June 17th. Keefe, Bruyette & Woods restated a “market perform” rating and set a $19.50 target price on shares of Fidus Investment in a report on Monday, July 20th. One investment analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $21.00.

Fidus Investment Price Performance

The stock’s 50 day simple moving average is $19.33 and its two-hundred day simple moving average is $18.79. The company has a market capitalization of $772.28 million, a P/E ratio of 9.74 and a beta of 0.67.

Fidus Investment (NASDAQ:FDUS) last released its quarterly earnings results on Thursday, August 6th. The asset manager reported $0.50 EPS for the quarter, meeting the consensus estimate of $0.50. The business had revenue of $32.55 million for the quarter, compared to analysts’ expectations of $42.37 million. Fidus Investment had a net margin of 45.36% and a return on equity of 10.90%. As a group, equities research analysts expect that Fidus Investment Corporation will post 2.14 earnings per share for the current year.

Fidus Investment Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 15th will be given a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 8.5%. The ex-dividend date is Tuesday, September 15th. Fidus Investment’s dividend payout ratio (DPR) is presently 75.44%.

Hedge Funds Weigh In On Fidus Investment

Several large investors have recently made changes to their positions in FDUS. Laurel Wealth Advisors LLC acquired a new stake in Fidus Investment in the fourth quarter worth about $30,000. Hilton Head Capital Partners LLC acquired a new position in Fidus Investment during the 4th quarter valued at about $30,000. Flagship Harbor Advisors LLC acquired a new position in Fidus Investment during the 4th quarter valued at about $31,000. BNP Paribas Financial Markets boosted its stake in shares of Fidus Investment by 5,750.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,223 shares of the asset manager’s stock valued at $45,000 after purchasing an additional 2,185 shares during the last quarter. Finally, Advisory Services Network LLC bought a new position in shares of Fidus Investment in the 3rd quarter valued at about $61,000. Institutional investors and hedge funds own 28.14% of the company’s stock.

Fidus Investment Company Profile

Fidus Investment Corporation (NASDAQ: FDUS) is a closed-end, externally managed business development company (BDC) that provides specialized financing solutions to U.S. middle-market companies. Operated by Fidus Investment Advisors, LLC, a registered investment adviser, the company is regulated under the Investment Company Act of 1940 and trades on the Nasdaq Capital Market.

The firm focuses on structuring senior secured and unitranche loans, mezzanine debt and equity investments for established businesses across a range of industries.