Fidus Investment (NASDAQ:FDUS) Stock Price Crosses Above 200 Day Moving Average – Should You Sell?

Fidus Investment Corporation (NASDAQ:FDUS) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $18.87 and traded as high as $19.15. Fidus Investment shares last traded at $19.03, with a volume of 239,025 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods lowered their price objective on shares of Fidus Investment from $20.00 to $19.50 and set an “outperform” rating on the stock 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $21.00.

Fidus Investment Stock Up 0.8%

The stock has a market cap of $722.19 million, a price-to-earnings ratio of 8.35 and a beta of 0.68. The company’s 50-day simple moving average is $18.34 and its 200-day simple moving average is $18.87.

Fidus Investment (NASDAQ:FDUS) last posted its quarterly earnings results on Thursday, May 7th. The asset manager reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.12. The firm had revenue of $37.76 million for the quarter, compared to analyst estimates of $42.30 million. Fidus Investment had a net margin of 49.51% and a return on equity of 11.19%. As a group, analysts expect that Fidus Investment Corporation will post 2.15 EPS for the current fiscal year.

Fidus Investment Dividend Announcement

The firm also recently declared a special dividend, which will be paid on Monday, June 29th. Shareholders of record on Tuesday, June 16th will be given a $0.19 dividend. The ex-dividend date is Tuesday, June 16th. This represents a yield of 388.0%. Fidus Investment’s payout ratio is 75.44%.

Hedge Funds Weigh In On Fidus Investment

Several institutional investors and hedge funds have recently added to or reduced their stakes in FDUS. Dynamic Technology Lab Private Ltd purchased a new position in Fidus Investment during the 1st quarter worth approximately $270,000. Jane Street Group LLC purchased a new position in Fidus Investment during the 1st quarter worth approximately $475,000. Invesco Ltd. grew its position in Fidus Investment by 2.2% during the 2nd quarter. Invesco Ltd. now owns 446,703 shares of the asset manager’s stock worth $9,023,000 after purchasing an additional 9,637 shares in the last quarter. Qube Research & Technologies Ltd grew its position in Fidus Investment by 39.8% during the 2nd quarter. Qube Research & Technologies Ltd now owns 64,929 shares of the asset manager’s stock worth $1,312,000 after purchasing an additional 18,489 shares in the last quarter. Finally, Quantinno Capital Management LP acquired a new stake in shares of Fidus Investment during the 2nd quarter valued at $549,000. 28.14% of the stock is currently owned by hedge funds and other 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.