Fidus Investment (NASDAQ:FDUS) Share Price Passes Above Two Hundred Day Moving Average - Here's Why

Key Points

• Fidus Investment shares crossed above their 200-day moving average, reaching $19.70 before closing at $19.48. The stock’s 200-day average was $18.79, while its 50-day average stood at $19.45.
• Analysts maintain a generally neutral outlook, with two “Hold” ratings and a consensus price target of $19.50. The company met quarterly EPS expectations at $0.50, though revenue of $32.55 million fell short of the $42.37 million estimate.
• Fidus Investment declared a quarterly dividend of $0.43 per share, equivalent to an annualized $1.72 payout and an 8.8% yield. Institutional investors owned 28.14% of the company’s stock.

Shares of Fidus Investment Corporation (NASDAQ:FDUS - Get Free Report) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $18.79 and traded as high as $19.70. Fidus Investment shares last traded at $19.48, with a volume of 490,529 shares.

Wall Street Analyst Weigh In

FDUS has been the topic of a number of research reports. Weiss Ratings reiterated a "hold (c)" rating on shares of Fidus Investment in a research note on Wednesday, June 17th. Keefe, Bruyette & Woods restated a "market perform" rating and set a $19.50 price objective on shares of Fidus Investment in a report on Monday, July 20th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $19.50.

Fidus Investment Price Performance

The stock's 50-day moving average price is $19.45 and its 200-day moving average price is $18.79. The company has a market cap of $739.27 million, a P/E ratio of 9.32 and a beta of 0.67.

Fidus Investment (NASDAQ:FDUS - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The asset manager reported $0.50 EPS for the quarter, hitting analysts' consensus estimates of $0.50. The business had revenue of $32.55 million for the quarter, compared to analyst estimates of $42.37 million. Fidus Investment had a net margin of 45.36% and a return on equity of 10.87%. As a group, analysts expect that Fidus Investment Corporation will post 2.16 EPS for the current fiscal year.

Fidus Investment Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 15th will be issued a dividend of $0.43 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $1.72 annualized dividend and a dividend yield of 8.8%. Fidus Investment's dividend payout ratio (DPR) is currently 82.30%.

Institutional Investors Weigh In On Fidus Investment

Institutional investors have recently made changes to their positions in the stock. Cetera Investment Advisers grew its position in Fidus Investment by 3.6% during the first quarter. Cetera Investment Advisers now owns 542,315 shares of the asset manager's stock worth $9,447,000 after buying an additional 18,656 shares in the last quarter. Columbus Macro LLC lifted its position in shares of Fidus Investment by 4.1% during the 1st quarter. Columbus Macro LLC now owns 505,567 shares of the asset manager's stock valued at $8,807,000 after acquiring an additional 19,787 shares during the period. Invesco Ltd. lifted its position in shares of Fidus Investment by 11.5% during the 3rd quarter. Invesco Ltd. now owns 497,921 shares of the asset manager's stock valued at $10,088,000 after acquiring an additional 51,218 shares during the period. UBS Group AG grew its holdings in shares of Fidus Investment by 17.1% during the 4th quarter. UBS Group AG now owns 439,945 shares of the asset manager's stock worth $8,491,000 after purchasing an additional 64,209 shares in the last quarter. Finally, Legal & General Group Plc acquired a new stake in shares of Fidus Investment during the 2nd quarter worth $5,921,000. 28.14% of the stock is currently owned by institutional investors.

About Fidus Investment

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.

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