Fidus Investment (NASDAQ:FDUS) Stock Crosses Above 200 Day Moving Average - What's Next?

Key Points

• Technical signal: Shares of Fidus Investment (FDUS) crossed above its 200‑day moving average of $19.10, trading as high as $19.22 and last at $19.20 on a volume of 204,855.
• Fundamentals: Fidus beat quarterly EPS at $0.52 versus a $0.48 estimate while revenue missed consensus, and it pays a quarterly dividend of $0.43 (annualized $1.72) representing a 9.0% yield with a 73.5% payout ratio.
• Analyst view: Keefe, Bruyette & Woods cut its price target to $19.50 but kept an "outperform" rating; the consensus is a Moderate Buy with an average price target of $21.00.

Shares of Fidus Investment Corporation (NASDAQ:FDUS - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $19.10 and traded as high as $19.22. Fidus Investment shares last traded at $19.20, with a volume of 204,855 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods dropped their price target on shares of Fidus Investment from $20.00 to $19.50 and set an "outperform" rating for the company in a research note on Thursday, April 16th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $21.00.

Fidus Investment Stock Up 1.2%

The business's 50 day moving average is $18.06 and its two-hundred day moving average is $19.10. The firm has a market cap of $728.64 million, a P/E ratio of 8.21 and a beta of 0.69.

Fidus Investment (NASDAQ:FDUS - Get Free Report) last announced its earnings results on Thursday, February 26th. The asset manager reported $0.52 earnings per share for the quarter, topping analysts' consensus estimates of $0.48 by $0.04. Fidus Investment had a net margin of 52.87% and a return on equity of 10.71%. The business had revenue of $32.73 million during the quarter, compared to the consensus estimate of $39.46 million. Equities research analysts anticipate that Fidus Investment Corporation will post 2.02 EPS for the current year.

Fidus Investment Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 30th. Investors of record on Friday, March 20th were paid a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 9.0%. The ex-dividend date of this dividend was Friday, March 20th. Fidus Investment's dividend payout ratio (DPR) is currently 73.50%.

Institutional Investors Weigh In On Fidus Investment

Several hedge funds and other institutional investors have recently bought and sold shares of FDUS. State of Alaska Department of Revenue bought a new stake in Fidus Investment in the third quarter valued at $28,000. Atlantic Union Bankshares Corp bought a new stake in Fidus Investment in the third quarter valued at $30,000. Laurel Wealth Advisors LLC bought a new stake in Fidus Investment in the fourth quarter valued at $30,000. Hilton Head Capital Partners LLC bought a new stake in Fidus Investment in the fourth quarter valued at $30,000. Finally, Flagship Harbor Advisors LLC bought a new stake in Fidus Investment in the fourth quarter valued at $31,000. 28.14% of the stock is owned by institutional investors.

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.

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