Fidus Investment (NASDAQ:FDUS) Reaches New 12-Month High – What’s Next?

Fidus Investment Co. (NASDAQ:FDUS)’s stock price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $21.75 and last traded at $21.69, with a volume of 74652 shares trading hands. The stock had previously closed at $21.62.

Fidus Investment Stock Up 0.2 %

The business’s 50 day moving average is $20.91 and its 200-day moving average is $20.07. The firm has a market capitalization of $734.50 million, a P/E ratio of 7.74 and a beta of 1.39.

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

Fidus Investment Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Tuesday, December 17th were issued a $0.61 dividend. This is a positive change from Fidus Investment’s previous quarterly dividend of $0.57. The ex-dividend date of this dividend was Tuesday, December 17th. This represents a $2.44 annualized dividend and a yield of 11.27%. Fidus Investment’s payout ratio is presently 61.43%.

Hedge Funds Weigh In On Fidus Investment

Hedge funds and other institutional investors have recently bought and sold shares of the company. D.A. Davidson & CO. raised 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 worth $527,000 after buying an additional 1,031 shares during the last quarter. Farther Finance Advisors LLC increased its position in shares of Fidus Investment by 23.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 7,467 shares of the asset manager’s stock valued at $146,000 after purchasing an additional 1,426 shares during the last quarter. Cornerstone Wealth Management LLC increased its position in shares of Fidus Investment by 10.4% during the 3rd quarter. Cornerstone Wealth Management LLC now owns 19,437 shares of the asset manager’s stock valued at $381,000 after purchasing an additional 1,838 shares during the last quarter. Commonwealth Equity Services LLC increased its position in shares of Fidus Investment by 8.6% during the 2nd quarter. Commonwealth Equity Services LLC now owns 28,801 shares of the asset manager’s stock valued at $561,000 after purchasing an additional 2,272 shares during the last quarter. Finally, Grimes & Company Inc. increased its holdings in Fidus Investment by 17.3% in the 3rd quarter. Grimes & Company Inc. now owns 18,582 shares of the asset manager’s stock worth $364,000 after acquiring an additional 2,742 shares during the last quarter. Institutional investors and hedge funds own 28.14% of the company’s stock.

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.