Fidus Investment (NASDAQ:FDUS) Shares Pass Above Two Hundred Day Moving Average – Here’s What Happened

Fidus Investment Corporation (NASDAQ:FDUS)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $18.69 and traded as high as $19.50. Fidus Investment shares last traded at $19.33, with a volume of 228,197 shares.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Fidus Investment in a research note on Wednesday, June 17th. Keefe, Bruyette & Woods dropped their price target on Fidus Investment from $20.00 to $19.50 and set an “outperform” rating on the stock in a research report on Thursday, April 16th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $21.00.

Fidus Investment Stock Down 0.1%

The business’s fifty day moving average is $18.68 and its 200 day moving average is $18.69. The firm has a market capitalization of $733.57 million, a price-to-earnings ratio of 8.48 and a beta of 0.67.

Fidus Investment (NASDAQ:FDUS) last posted its quarterly earnings data on Thursday, May 7th. The asset manager reported $0.62 EPS for the quarter, beating the consensus estimate of $0.50 by $0.12. The business had revenue of $37.76 million for the quarter, compared to analysts’ expectations of $42.30 million. Fidus Investment had a net margin of 49.51% and a return on equity of 11.19%. Equities research analysts expect that Fidus Investment Corporation will post 2.15 EPS for the current year.

Fidus Investment Announces Dividend

The company also recently declared a special dividend, which was paid on Monday, June 29th. Stockholders of record on Tuesday, June 16th were issued a $0.19 dividend. This represents a dividend yield of 414.0%. The ex-dividend date was Tuesday, June 16th. Fidus Investment’s payout ratio is 75.44%.

Institutional Investors Weigh In On Fidus Investment

A number of hedge funds and other institutional investors have recently bought and sold shares of FDUS. Laurel Wealth Advisors LLC bought a new stake in Fidus Investment in the 4th quarter valued at approximately $30,000. Hilton Head Capital Partners LLC bought a new position in shares of Fidus Investment during the 4th quarter worth approximately $30,000. Flagship Harbor Advisors LLC acquired a new stake in shares of Fidus Investment in the fourth quarter valued at approximately $31,000. BNP Paribas Financial Markets raised its holdings in shares of Fidus Investment by 5,750.0% in the third quarter. BNP Paribas Financial Markets now owns 2,223 shares of the asset manager’s stock valued at $45,000 after purchasing an additional 2,185 shares during the last quarter. Finally, MeadowBrook Investment Advisors LLC bought a new stake in shares of Fidus Investment in the fourth quarter worth $60,000. Institutional investors and hedge funds own 28.14% of the company’s stock.

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.