Fidus Investment (NASDAQ:FDUS) Stock Price Crosses Above 200 Day Moving Average – Should You Sell?

Fidus Investment Co. (NASDAQ:FDUS) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred 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 trading hands.

Fidus Investment Price Performance

The stock has a market capitalization of $703.74 million, a P/E ratio of 7.41 and a beta of 1.39. The stock’s fifty day moving average price is $20.43 and its 200 day moving average price is $19.92.

Fidus Investment (NASDAQ:FDUS) last issued its earnings results on Thursday, October 31st. The asset manager reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.04. Fidus Investment had a net margin of 60.09% and a return on equity of 12.11%. The business had revenue of $38.38 million for the quarter, compared to the consensus estimate of $36.43 million. During the same period in the prior year, the firm earned $0.68 EPS. On average, sell-side analysts expect that Fidus Investment Co. will post 2.28 earnings per share for the current year.

Fidus Investment Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Tuesday, December 17th will be issued a dividend of $0.61 per share. This is an increase from Fidus Investment’s previous quarterly dividend of $0.57. This represents a $2.44 annualized dividend and a yield of 11.76%. The ex-dividend date is Tuesday, December 17th. Fidus Investment’s dividend payout ratio (DPR) is presently 61.43%.

Institutional Investors Weigh In On Fidus Investment

Several hedge funds have recently made changes to their positions in FDUS. D.A. Davidson & CO. increased its stake in shares of Fidus Investment by 4.0% during the third quarter. D.A. Davidson & CO. now owns 26,898 shares of the asset manager’s stock valued at $527,000 after buying an additional 1,031 shares during the period. Farther Finance Advisors LLC grew its holdings in Fidus Investment by 23.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 7,467 shares of the asset manager’s stock worth $146,000 after acquiring an additional 1,426 shares in the last quarter. Wetzel Investment Advisors Inc. purchased a new position in Fidus Investment during the 2nd quarter valued at about $32,000. Cornerstone Wealth Management LLC raised its holdings in shares of Fidus Investment by 10.4% in the 3rd quarter. Cornerstone Wealth Management LLC now owns 19,437 shares of the asset manager’s stock valued at $381,000 after purchasing an additional 1,838 shares in the last quarter. Finally, Commonwealth Equity Services LLC lifted its position in shares of Fidus Investment by 8.6% in the 2nd quarter. Commonwealth Equity Services LLC now owns 28,801 shares of the asset manager’s stock worth $561,000 after purchasing an additional 2,272 shares during the period. 28.14% of the stock is currently owned by hedge funds and other institutional investors.

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.