Fidus Investment (NASDAQ:FDUS) Sets New 1-Year Low – Here’s Why

Fidus Investment Co. (NASDAQ:FDUS)’s share price reached a new 52-week low on Monday . The stock traded as low as $17.31 and last traded at $18.10, with a volume of 157763 shares traded. The stock had previously closed at $18.80.

Wall Street Analysts Forecast Growth

Separately, LADENBURG THALM/SH SH lowered shares of Fidus Investment from a “strong-buy” rating to a “hold” rating in a report on Friday, March 7th.

Fidus Investment Price Performance

The company has a market cap of $601.65 million, a PE ratio of 6.34 and a beta of 1.10. The stock has a fifty day moving average price of $21.87 and a 200-day moving average price of $20.96.

Fidus Investment Announces Dividend

The business also recently declared a — dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 20th were issued a dividend of $0.11 per share. This represents a dividend yield of 7.4%. The ex-dividend date was Thursday, March 20th. Fidus Investment’s dividend payout ratio is currently 71.37%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Transce3nd LLC purchased a new position in shares of Fidus Investment during the 4th quarter valued at $32,000. Promus Capital LLC purchased a new position in Fidus Investment in the fourth quarter valued at about $43,000. McIlrath & Eck LLC purchased a new position in Fidus Investment in the third quarter valued at about $59,000. Millstone Evans Group LLC acquired a new position in Fidus Investment in the 4th quarter worth about $77,000. Finally, Private Advisor Group LLC purchased a new stake in shares of Fidus Investment during the 4th quarter worth about $203,000. 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.