Fidus Investment (NASDAQ:FDUS) Share Price Crosses Above Two Hundred Day Moving Average - Should You Sell?

Fidus Investment Corporation (NASDAQ:FDUS - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $20.26 and traded as high as $20.53. Fidus Investment shares last traded at $20.50, with a volume of 178,987 shares traded.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Keefe, Bruyette & Woods upgraded shares of Fidus Investment from a "market perform" rating to an "outperform" rating and set a $21.50 price target for the company in a research note on Monday, October 6th. Weiss Ratings restated a "buy (b-)" rating on shares of Fidus Investment in a research note on Tuesday, October 14th. LADENBURG THALM/SH SH upgraded shares of Fidus Investment to a "strong-buy" rating in a research note on Wednesday, August 13th. Finally, B. Riley lowered shares of Fidus Investment from a "buy" rating to a "neutral" rating and lifted their price target for the stock from $22.00 to $22.50 in a research note on Wednesday, August 13th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $22.00.

Fidus Investment Stock Up 1.9%

The firm's 50 day simple moving average is $20.79 and its two-hundred day simple moving average is $20.26. The stock has a market cap of $725.29 million, a P/E ratio of 8.87 and a beta of 0.88.

Fidus Investment (NASDAQ:FDUS - Get Free Report) last released its earnings results on Thursday, August 7th. The asset manager reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.04. Fidus Investment had a net margin of 51.88% and a return on equity of 11.52%. The firm had revenue of $39.97 million during the quarter, compared to analyst estimates of $37.42 million. As a group, equities analysts predict that Fidus Investment Corporation will post 2.28 EPS for the current year.

Fidus Investment Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Thursday, September 18th were given a dividend of $0.57 per share. This is an increase from Fidus Investment's previous quarterly dividend of $0.11. This represents a $2.28 annualized dividend and a dividend yield of 11.1%. The ex-dividend date was Thursday, September 18th. Fidus Investment's payout ratio is currently 74.46%.

Hedge Funds Weigh In On Fidus Investment

Several institutional investors have recently modified their holdings of FDUS. Quarry LP bought a new position in shares of Fidus Investment during the first quarter worth about $28,000. ORG Partners LLC bought a new position in shares of Fidus Investment during the first quarter worth about $29,000. AdvisorNet Financial Inc grew its position in shares of Fidus Investment by 137.4% during the second quarter. AdvisorNet Financial Inc now owns 1,728 shares of the asset manager's stock worth $35,000 after acquiring an additional 1,000 shares during the last quarter. First Horizon Advisors Inc. lifted its holdings in Fidus Investment by 154.8% in the second quarter. First Horizon Advisors Inc. now owns 2,658 shares of the asset manager's stock worth $54,000 after purchasing an additional 1,615 shares during the period. Finally, MeadowBrook Investment Advisors LLC lifted its holdings in Fidus Investment by 90.0% in the second quarter. MeadowBrook Investment Advisors LLC now owns 2,850 shares of the asset manager's stock worth $58,000 after purchasing an additional 1,350 shares during the period. 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.

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