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

Key Points

• Fidus Investment shares broke above their 200-day moving average, reaching $19.60 before closing at $19.53, compared with the $18.98 average.
• Analysts maintain a “Hold” consensus with a $19.50 price target; the company met quarterly EPS expectations at $0.50 but reported revenue below consensus.
• Fidus declared a quarterly dividend of $0.43 per share, equivalent to an annualized $1.72 payout and an 8.8% yield; institutional investors own 28.14% of the stock.

Fidus Investment Corporation (NASDAQ:FDUS - Get Free Report)'s share price passed above its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of $18.98 and traded as high as $19.60. Fidus Investment shares last traded at $19.53, with a volume of 522,628 shares.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Keefe, Bruyette & Woods restated a "market perform" rating and set a $19.50 target price on shares of Fidus Investment in a research note on Monday, July 20th. Weiss Ratings upgraded shares of Fidus Investment from a "hold (c)" rating to a "hold (c+)" rating in a research report on Monday, August 31st. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $19.50.

Fidus Investment Stock Performance

The stock has a fifty day moving average of $19.66 and a 200 day moving average of $18.98. The company has a market capitalization of $741.16 million, a PE ratio of 9.34 and a beta of 0.67.

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

Fidus Investment Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Tuesday, September 15th were paid a dividend of $0.43 per share. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $1.72 dividend on an annualized basis and a yield of 8.8%. Fidus Investment's dividend payout ratio is presently 82.30%.

Hedge Funds Weigh In On Fidus Investment

Several institutional investors have recently added to or reduced their stakes in FDUS. Hilton Head Capital Partners LLC purchased a new stake in shares of Fidus Investment during the 4th quarter worth approximately $30,000. Burk Holdings LLC bought a new position in shares of Fidus Investment during the 2nd quarter valued at approximately $47,000. Integrated Wealth Concepts LLC purchased a new position in shares of Fidus Investment in the second quarter valued at $188,000. WNY Asset Management LLC purchased a new position in shares of Fidus Investment in the first quarter valued at $176,000. Finally, Sage Investment Counsel LLC increased its position in Fidus Investment by 8.3% in the first quarter. Sage Investment Counsel LLC now owns 13,070 shares of the asset manager's stock worth $228,000 after purchasing an additional 1,000 shares during the last quarter. Hedge funds and other institutional investors own 28.14% of the company's stock.

Fidus Investment Company Profile

Fidus Investment Corporation NASDAQ: FDUS is a business development company that provides customized financing solutions to privately owned, lower middle-market companies in the United States. The company primarily invests in established businesses seeking capital for growth, acquisitions, recapitalizations, refinancings and other strategic initiatives.

Fidus invests through a combination of secured debt, subordinated debt and equity investments. Its portfolio may include first-lien and second-lien loans, mezzanine financing and equity interests, allowing the company to structure transactions based on the capital needs and risk profiles of its portfolio companies.

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