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

Key Points

• Fidus Investment shares crossed above their 200-day moving average, reaching $20.78 and last trading at $20.58 versus a 200-day average of $18.78.
• Analysts maintain a generally favorable outlook, with a consensus “Moderate Buy” rating and an average price target of $21.00; ratings include one Strong Buy and three Holds.
• The company reported quarterly earnings of $0.50 per share, matching estimates, while revenue of $32.55 million fell short of the $42.37 million consensus forecast. Institutional investors own 28.14% of the stock.

Fidus Investment Corporation (NASDAQ:FDUS - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-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.

Wall Street Analyst Weigh In

A number of research firms have commented on FDUS. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Fidus Investment in a research report on Wednesday, June 17th. Keefe, Bruyette & Woods reiterated a "market perform" rating and set a $19.50 price target on shares of Fidus Investment in a research report on Monday, July 20th. One equities research analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Fidus Investment has a consensus rating of "Moderate Buy" and an average target price of $21.00.

Fidus Investment Price Performance

The firm has a market cap of $781.09 million, a PE ratio of 9.03 and a beta of 0.67. The company's 50 day moving average price is $19.30 and its 200 day moving average price is $18.78.

Fidus Investment (NASDAQ:FDUS - Get Free Report) last announced its earnings results on Thursday, August 6th. The asset manager reported $0.50 earnings per share for the quarter, hitting the consensus estimate of $0.50. The firm had revenue of $32.55 million for the quarter, compared to the consensus estimate of $42.37 million. Fidus Investment had a net margin of 49.51% and a return on equity of 11.19%. Sell-side analysts expect that Fidus Investment Corporation will post 2.14 earnings per share for the current fiscal year.

Institutional Trading of Fidus Investment

A number of large investors have recently modified their holdings of FDUS. Laurel Wealth Advisors LLC acquired a new position in Fidus Investment during the 4th quarter worth $30,000. Hilton Head Capital Partners LLC acquired a new stake in Fidus Investment in the 4th quarter valued at about $30,000. Flagship Harbor Advisors LLC acquired a new stake in Fidus Investment in 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 buying an additional 2,185 shares during the period. Finally, Advisory Services Network LLC acquired a new position in shares of Fidus Investment during the third quarter worth about $61,000. Hedge funds and other institutional investors own 28.14% of the company's stock.

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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