Fidus Investment (NASDAQ:FDUS) Share Price Passes Above 200-Day Moving Average – Should You Sell?

Fidus Investment Corporation (NASDAQ:FDUS)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $18.78 and traded as high as $20.78. Fidus Investment shares last traded at $20.58, with a volume of 266,155 shares changing hands.

Analyst Ratings Changes

A number of analysts have weighed in on FDUS shares. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $19.50 price target on shares of Fidus Investment in a research note on Monday, July 20th. Weiss Ratings reiterated a “hold (c)” rating on shares of Fidus Investment in a report on Wednesday, June 17th. One analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Fidus Investment currently has an average rating of “Moderate Buy” and an average target price of $21.00.

Fidus Investment Price Performance

The firm has a market cap of $781.09 million, a price-to-earnings ratio of 9.03 and a beta of 0.67. The stock has a 50-day moving average price of $19.30 and a 200 day moving average price of $18.78.

Fidus Investment (NASDAQ:FDUS) last issued its quarterly earnings results on Thursday, August 6th. The asset manager reported $0.50 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.50. The firm had revenue of $32.55 million during the quarter, compared to analysts’ expectations of $42.37 million. Fidus Investment had a net margin of 49.51% and a return on equity of 11.19%. As a group, equities research analysts predict that Fidus Investment Corporation will post 2.14 earnings per share for the current year.

Hedge Funds Weigh In On Fidus Investment

Several institutional investors have recently added to or reduced their stakes in the stock. Dynamic Technology Lab Private Ltd purchased a new position in shares of Fidus Investment in the 1st quarter valued at approximately $270,000. Jane Street Group LLC purchased a new position in Fidus Investment during the 1st quarter worth $475,000. Invesco Ltd. boosted its holdings in shares of Fidus Investment by 2.2% in the second quarter. Invesco Ltd. now owns 446,703 shares of the asset manager’s stock valued at $9,023,000 after acquiring an additional 9,637 shares in the last quarter. Qube Research & Technologies Ltd increased its stake in shares of Fidus Investment by 39.8% during the second quarter. Qube Research & Technologies Ltd now owns 64,929 shares of the asset manager’s stock worth $1,312,000 after acquiring an additional 18,489 shares during the period. Finally, Quantinno Capital Management LP purchased a new position in Fidus Investment during the second quarter worth about $549,000. Institutional investors and hedge funds own 28.14% of the company’s stock.

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.