Fidus Investment (NASDAQ:FDUS) Share Price Crosses Above 200 Day Moving Average – What’s Next?

Fidus Investment Co. (NASDAQ:FDUS) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $19.92 and traded as high as $20.76. Fidus Investment shares last traded at $20.75, with a volume of 52,961 shares changing hands.

Fidus Investment Price Performance

The business’s 50 day simple moving average is $20.46 and its 200-day simple moving average is $19.93. The stock has a market capitalization of $708.82 million, a P/E ratio of 7.46 and a beta of 1.39.

Fidus Investment (NASDAQ:FDUS) last posted its quarterly earnings results on Thursday, October 31st. The asset manager reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.04. Fidus Investment had a return on equity of 12.11% and a net margin of 60.09%. The company had revenue of $38.38 million for the quarter, compared to the consensus estimate of $36.43 million. During the same quarter in the prior year, the business posted $0.68 EPS. Research analysts anticipate that Fidus Investment Co. will post 2.28 earnings per share for the current fiscal year.

Fidus Investment Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Tuesday, December 17th will be given a dividend of $0.61 per share. This is a positive change from Fidus Investment’s previous quarterly dividend of $0.57. This represents a $2.44 annualized dividend and a dividend yield of 11.67%. The ex-dividend date is Tuesday, December 17th. Fidus Investment’s payout ratio is presently 61.43%.

Institutional Trading of Fidus Investment

A number of hedge funds have recently modified their holdings of the company. D.A. Davidson & CO. grew its holdings in Fidus Investment by 4.0% during the third quarter. D.A. Davidson & CO. now owns 26,898 shares of the asset manager’s stock valued at $527,000 after purchasing an additional 1,031 shares during the period. Farther Finance Advisors LLC boosted its position in shares of Fidus Investment by 23.6% during the third quarter. Farther Finance Advisors LLC now owns 7,467 shares of the asset manager’s stock worth $146,000 after purchasing an additional 1,426 shares in the last quarter. Wetzel Investment Advisors Inc. acquired a new position in shares of Fidus Investment in the 2nd quarter valued at $32,000. Cornerstone Wealth Management LLC increased its position in shares of Fidus Investment by 10.4% in the 3rd quarter. Cornerstone Wealth Management LLC now owns 19,437 shares of the asset manager’s stock valued at $381,000 after buying an additional 1,838 shares in the last quarter. Finally, Commonwealth Equity Services LLC raised its stake in Fidus Investment by 8.6% during the 2nd quarter. Commonwealth Equity Services LLC now owns 28,801 shares of the asset manager’s stock worth $561,000 after buying an additional 2,272 shares during the period. 28.14% of the stock is currently 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.