Fidus Investment (NASDAQ:FDUS) Share Price Crosses Above 200-Day Moving Average – Here’s Why

Fidus Investment Co. (NASDAQ:FDUS) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-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 traded.

Fidus Investment Trading Up 0.9 %

The company’s 50 day moving average price is $20.43 and its two-hundred day moving average price is $19.92. The firm has a market cap of $703.74 million, a PE ratio of 7.41 and a beta of 1.39.

Fidus Investment (NASDAQ:FDUS) last released its quarterly earnings results on Thursday, October 31st. The asset manager reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $36.43 million. During the same quarter in the previous year, the company posted $0.68 earnings per share. Equities research analysts expect that Fidus Investment Co. will post 2.28 earnings per share for the current fiscal year.

Fidus Investment Increases Dividend

The company also recently disclosed 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. The ex-dividend date is Tuesday, December 17th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 11.76%. Fidus Investment’s dividend payout ratio (DPR) is presently 61.43%.

Hedge Funds Weigh In On Fidus Investment

A number of institutional investors and hedge funds have recently made changes to their positions in FDUS. Wetzel Investment Advisors Inc. bought a new position in Fidus Investment during the 2nd quarter valued at about $32,000. McIlrath & Eck LLC purchased a new position in shares of Fidus Investment during the third 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 valued at $146,000 after buying an additional 1,426 shares during the last quarter. Paloma Partners Management Co purchased a new stake in shares of Fidus Investment in the third quarter worth approximately $268,000. Finally, Koss Olinger Consulting LLC bought a new stake in shares of Fidus Investment during the 2nd quarter worth approximately $335,000. 28.14% of the stock is owned by hedge funds and other institutional investors.

About Fidus Investment

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.