Fidus Investment Corporation (NASDAQ:FDUS – Get Free Report)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $18.69 and traded as high as $19.50. Fidus Investment shares last traded at $19.33, with a volume of 228,197 shares changing hands.
Analyst Ratings Changes
A number of equities analysts have recently weighed in on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Fidus Investment in a report on Wednesday, June 17th. Keefe, Bruyette & Woods lowered their price objective on shares of Fidus Investment from $20.00 to $19.50 and set an “outperform” rating on the stock in a research report on Thursday, April 16th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $21.00.
Read Our Latest Stock Report on Fidus Investment
Fidus Investment Price Performance
Fidus Investment (NASDAQ:FDUS – Get Free Report) last issued its earnings results on Thursday, May 7th. The asset manager reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.12. Fidus Investment had a return on equity of 11.19% and a net margin of 49.51%.The company had revenue of $37.76 million for the quarter, compared to analyst estimates of $42.30 million. Equities analysts anticipate that Fidus Investment Corporation will post 2.15 earnings per share for the current year.
Fidus Investment Dividend Announcement
The company also recently disclosed a special dividend, which was paid on Monday, June 29th. Investors of record on Tuesday, June 16th were issued a $0.19 dividend. The ex-dividend date was Tuesday, June 16th. This represents a yield of 414.0%. Fidus Investment’s dividend payout ratio is currently 75.44%.
Institutional Trading of Fidus Investment
Several large investors have recently added to or reduced their stakes in FDUS. Apollon Wealth Management LLC lifted its stake in shares of Fidus Investment by 3.0% in the 4th quarter. Apollon Wealth Management LLC now owns 18,396 shares of the asset manager’s stock valued at $355,000 after purchasing an additional 544 shares during the last quarter. Stratos Wealth Partners LTD. increased its position in Fidus Investment by 3.1% during the fourth quarter. Stratos Wealth Partners LTD. now owns 27,000 shares of the asset manager’s stock worth $521,000 after buying an additional 800 shares during the last quarter. Osaic Holdings Inc. increased its position in Fidus Investment by 7.6% during the second quarter. Osaic Holdings Inc. now owns 13,092 shares of the asset manager’s stock worth $264,000 after buying an additional 920 shares during the last quarter. Sage Investment Counsel LLC raised its holdings in Fidus Investment by 8.3% during the first quarter. Sage Investment Counsel LLC now owns 13,070 shares of the asset manager’s stock valued at $228,000 after buying an additional 1,000 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC raised its holdings in Fidus Investment by 3.7% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 28,763 shares of the asset manager’s stock valued at $555,000 after buying an additional 1,039 shares in the last quarter. 28.14% of the stock is owned by institutional investors.
Fidus Investment Company Profile
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.
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