Fidus Investment (NASDAQ:FDUS) Stock Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Fidus Investment Corporation (NASDAQ:FDUS) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $18.79 and traded as high as $19.70. Fidus Investment shares last traded at $19.48, with a volume of 490,529 shares changing hands.

Analyst Ratings Changes

FDUS has been the subject of a number of recent analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Fidus Investment in a report on Wednesday, June 17th. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $19.50 price objective on shares of Fidus Investment in a research note on Monday, July 20th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $19.50.

Fidus Investment Stock Performance

The firm’s 50 day moving average price is $19.47 and its two-hundred day moving average price is $18.79. The company has a market cap of $750.20 million, a P/E ratio of 9.47 and a beta of 0.67.

Fidus Investment (NASDAQ:FDUS) last released its earnings results on Thursday, August 6th. The asset manager reported $0.50 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.50. The company had revenue of $32.55 million for the quarter, compared to the consensus estimate of $42.37 million. Fidus Investment had a net margin of 45.36% and a return on equity of 10.87%. As a group, analysts forecast that Fidus Investment Corporation will post 2.16 EPS for the current fiscal year.

Fidus Investment Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 15th will be issued a dividend of $0.43 per share. The ex-dividend date is Tuesday, September 15th. This represents a $1.72 annualized dividend and a dividend yield of 8.7%. Fidus Investment’s dividend payout ratio is currently 82.30%.

Institutional Trading of Fidus Investment

Large investors have recently made changes to their positions in the company. Hilton Head Capital Partners LLC acquired a new position in Fidus Investment during the 4th quarter worth approximately $30,000. Laurel Wealth Advisors LLC acquired a new stake in Fidus Investment in the fourth quarter valued at approximately $30,000. BNP Paribas Financial Markets grew its stake in 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 acquiring an additional 2,185 shares during the period. Burk Holdings LLC bought a new stake in shares of Fidus Investment during the second quarter valued at approximately $47,000. Finally, Advisory Services Network LLC bought a new stake in shares of Fidus Investment during the third quarter valued at approximately $61,000. 28.14% of the stock is currently owned by institutional investors and hedge funds.

About Fidus Investment

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.