Fidus Investment (NASDAQ:FDUS) Hits New 1-Year High – Here’s What Happened

Fidus Investment Co. (NASDAQ:FDUS) hit a new 52-week high during trading on Friday . The stock 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 Price Performance

The firm has a market capitalization of $736.06 million, a PE ratio of 7.75 and a beta of 1.39. The firm has a fifty day moving average price of $20.94 and a 200 day moving average price of $20.09.

Fidus Investment (NASDAQ:FDUS) last announced its earnings results on Thursday, October 31st. The asset manager reported $0.61 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 the consensus estimate of $36.43 million. During the same period in the prior year, the business posted $0.68 earnings per share. On average, sell-side analysts expect that Fidus Investment Co. will post 2.28 EPS for the current year.

Fidus Investment Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Tuesday, December 17th were given a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 11.24%. This is a positive change from Fidus Investment’s previous quarterly dividend of $0.57. The ex-dividend date was Tuesday, December 17th. Fidus Investment’s payout ratio is presently 61.43%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Riverbridge Partners LLC acquired a new position in Fidus Investment during the fourth quarter valued at $716,000. Hennion & Walsh Asset Management Inc. raised its position in Fidus Investment by 27.4% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 44,422 shares of the asset manager’s stock valued at $934,000 after buying an additional 9,559 shares during the period. Fiduciary Alliance LLC acquired a new position in Fidus Investment during the fourth quarter valued at $274,000. Franklin Resources Inc. raised its position in Fidus Investment by 37.0% during the third quarter. Franklin Resources Inc. now owns 116,472 shares of the asset manager’s stock valued at $2,269,000 after buying an additional 31,426 shares during the period. Finally, McIlrath & Eck LLC acquired a new position in Fidus Investment in the 3rd quarter worth about $59,000. 28.14% of the stock is owned by institutional investors and hedge funds.

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.