Fidus Investment (NASDAQ:FDUS) Stock Passes Above 200 Day Moving Average - Here's What Happened

Key Points

• Fidus Investment Corporation's stock price has recently crossed above its 200-day moving average, trading as high as $21.15, with a last price of $20.80.
• The company reported a quarterly earnings per share of $0.54, exceeding analysts' expectations, and had a revenue of $36.50 million for the quarter.
• Fidus Investment has a dividend yield of 10.38%, with a recent dividend payout of $0.54 per share and a payout ratio of 73.50%.

Shares of Fidus Investment Corporation (NASDAQ:FDUS - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $20.73 and traded as high as $21.15. Fidus Investment shares last traded at $20.80, with a volume of 120,659 shares.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on FDUS shares. Keefe, Bruyette & Woods dropped their target price on Fidus Investment from $21.00 to $20.00 and set a "market perform" rating for the company in a research report on Tuesday, April 8th. B. Riley assumed coverage on Fidus Investment in a research note on Tuesday, May 13th. They issued a "buy" rating and a $22.00 target price for the company. Finally, LADENBURG THALM/SH SH raised Fidus Investment from a "hold" rating to a "strong-buy" rating in a research note on Friday, May 9th.

Fidus Investment Stock Down 0.2%

The firm has a market capitalization of $716.83 million, a P/E ratio of 8.82 and a beta of 0.95. The stock has a fifty day moving average of $20.60 and a 200-day moving average of $20.72.

Fidus Investment (NASDAQ:FDUS - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The asset manager reported $0.54 EPS for the quarter, beating the consensus estimate of $0.53 by $0.01. Fidus Investment had a return on equity of 11.48% and a net margin of 52.59%. The firm had revenue of $36.50 million during the quarter, compared to analysts' expectations of $35.61 million. Sell-side analysts predict that Fidus Investment Corporation will post 2.28 EPS for the current fiscal year.

Fidus Investment Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 25th. Investors of record on Friday, June 13th were given a dividend of $0.54 per share. The ex-dividend date of this dividend was Friday, June 13th. This represents a $2.16 annualized dividend and a yield of 10.5%. Fidus Investment's dividend payout ratio is 73.50%.

Institutional Trading of Fidus Investment

Hedge funds have recently made changes to their positions in the business. Quarry LP acquired a new stake in shares of Fidus Investment in the first quarter valued at approximately $28,000. ORG Partners LLC bought a new position in shares of Fidus Investment during the first quarter worth approximately $29,000. Transce3nd LLC bought a new position in shares of Fidus Investment during the fourth quarter worth approximately $32,000. AdvisorNet Financial Inc increased its stake 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 purchasing an additional 1,000 shares during the period. Finally, Atticus Wealth Management LLC bought a new position in Fidus Investment during the 2nd quarter worth $77,000. 28.14% of the stock is owned by institutional investors and hedge funds.

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.