Fidus Investment (NASDAQ:FDUS) Stock Passes Above 200 Day Moving Average – Time to Sell?

Fidus Investment Co. (NASDAQ:FDUS)’s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred 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 changing hands.

Fidus Investment Stock Down 0.6 %

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

Fidus Investment (NASDAQ:FDUS) last released its quarterly earnings data on Thursday, October 31st. The asset manager reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.04. The business had revenue of $38.38 million for the quarter, compared to the consensus estimate of $36.43 million. Fidus Investment had a return on equity of 12.11% and a net margin of 60.09%. During the same quarter in the previous year, the company posted $0.68 EPS. As a group, research analysts expect that Fidus Investment Co. will post 2.28 earnings per share for the current fiscal 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 paid a dividend of $0.61 per share. This is an increase from Fidus Investment’s previous quarterly dividend of $0.57. The ex-dividend date of this dividend was Tuesday, December 17th. This represents a $2.44 dividend on an annualized basis and a yield of 11.51%. Fidus Investment’s dividend payout ratio is presently 61.43%.

Institutional Trading of Fidus Investment

Several hedge funds have recently made changes to their positions in the business. Van ECK Associates Corp grew its position in Fidus Investment by 11.5% in the third quarter. Van ECK Associates Corp now owns 809,411 shares of the asset manager’s stock worth $15,808,000 after acquiring an additional 83,538 shares in the last quarter. Cetera Investment Advisers boosted its holdings in shares of Fidus Investment by 18.1% in the 2nd quarter. Cetera Investment Advisers now owns 233,826 shares of the asset manager’s stock worth $4,555,000 after purchasing an additional 35,861 shares during the period. Hennion & Walsh Asset Management Inc. bought a new position in shares of Fidus Investment during the 3rd quarter valued at approximately $683,000. Envestnet Asset Management Inc. increased its position in shares of Fidus Investment by 17.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 225,904 shares of the asset manager’s stock valued at $4,401,000 after purchasing an additional 33,474 shares during the last quarter. Finally, Franklin Resources Inc. raised its holdings in Fidus Investment by 37.0% during the 3rd 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. 28.14% of the stock is currently 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.