Fidus Investment (NASDAQ:FDUS) Shares Cross Above 200 Day Moving Average – What’s Next?

Fidus Investment Co. (NASDAQ:FDUS) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $19.97 and traded as high as $21.40. Fidus Investment shares last traded at $21.19, with a volume of 189,215 shares trading hands.

Fidus Investment Stock Down 0.6 %

The firm has a market capitalization of $718.66 million, a P/E ratio of 7.57 and a beta of 1.39. The firm has a 50 day moving average of $20.62 and a 200-day moving average of $19.97.

Fidus Investment (NASDAQ:FDUS) last posted its quarterly earnings results on Thursday, October 31st. The asset manager reported $0.61 EPS 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 business had revenue of $38.38 million during the quarter, compared to the consensus estimate of $36.43 million. During the same quarter in the previous year, the firm earned $0.68 earnings per share. As a group, research analysts expect that Fidus Investment Co. will post 2.28 EPS for the current year.

Fidus Investment Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Tuesday, December 17th were given a dividend of $0.61 per share. This is an increase from Fidus Investment’s previous quarterly dividend of $0.57. This represents a $2.44 annualized dividend and a yield of 11.51%. The ex-dividend date of this dividend was Tuesday, December 17th. Fidus Investment’s payout ratio is currently 61.43%.

Hedge Funds Weigh In On Fidus Investment

Institutional investors have recently modified their holdings of the business. Wetzel Investment Advisors Inc. bought a new position in shares of Fidus Investment in the second quarter worth about $32,000. McIlrath & Eck LLC bought a new position in Fidus Investment in the 3rd quarter valued at approximately $59,000. Farther Finance Advisors LLC grew its stake 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 buying an additional 1,426 shares during the last quarter. Paloma Partners Management Co acquired a new position in shares of Fidus Investment during the third quarter worth $268,000. Finally, Koss Olinger Consulting LLC bought a new position in shares of Fidus Investment in the 2nd quarter valued at $335,000. 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.