Fidus Investment (NASDAQ:FDUS) Share Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Shares of Fidus Investment Corporation (NASDAQ:FDUS) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $20.26 and traded as high as $20.53. Fidus Investment shares last traded at $20.50, with a volume of 178,987 shares.

Analysts Set New Price Targets

Several research firms recently weighed in on FDUS. LADENBURG THALM/SH SH raised shares of Fidus Investment to a “strong-buy” rating in a report on Wednesday, August 13th. B. Riley downgraded shares of Fidus Investment from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $22.00 to $22.50 in a report on Wednesday, August 13th. Keefe, Bruyette & Woods raised shares of Fidus Investment from a “market perform” rating to an “outperform” rating and set a $21.50 price objective for the company in a report on Monday, October 6th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Fidus Investment in a report on Tuesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of $22.00.

Fidus Investment Stock Up 1.9%

The company has a market capitalization of $725.29 million, a PE ratio of 8.87 and a beta of 0.88. The business’s 50 day simple moving average is $20.79 and its 200 day simple moving average is $20.26.

Fidus Investment (NASDAQ:FDUS) last posted its quarterly earnings data on Thursday, August 7th. The asset manager reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.04. Fidus Investment had a net margin of 51.88% and a return on equity of 11.52%. The company had revenue of $39.97 million during the quarter, compared to analyst estimates of $37.42 million. On average, analysts anticipate that Fidus Investment Corporation will post 2.28 earnings per share for the current fiscal year.

Fidus Investment Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 25th. Shareholders of record on Thursday, September 18th were paid a dividend of $0.57 per share. This is a boost from Fidus Investment’s previous quarterly dividend of $0.11. This represents a $2.28 dividend on an annualized basis and a yield of 11.1%. The ex-dividend date of this dividend was Thursday, September 18th. Fidus Investment’s payout ratio is currently 74.46%.

Hedge Funds Weigh In On Fidus Investment

A number of large investors have recently made changes to their positions in FDUS. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Fidus Investment by 36.0% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 18,045 shares of the asset manager’s stock valued at $368,000 after purchasing an additional 4,778 shares during the period. ORG Partners LLC acquired a new position in shares of Fidus Investment in the 1st quarter valued at about $29,000. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of Fidus Investment by 11.3% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 90,486 shares of the asset manager’s stock valued at $1,845,000 after purchasing an additional 9,166 shares during the period. D.A. Davidson & CO. increased its holdings in shares of Fidus Investment by 42.5% in the 1st quarter. D.A. Davidson & CO. now owns 44,727 shares of the asset manager’s stock valued at $912,000 after purchasing an additional 13,344 shares during the period. Finally, Capital Investment Advisory Services LLC increased its holdings in shares of Fidus Investment by 13.0% in the 1st quarter. Capital Investment Advisory Services LLC now owns 74,163 shares of the asset manager’s stock valued at $1,512,000 after purchasing an additional 8,532 shares during the period. Institutional investors and hedge funds own 28.14% of the company’s stock.

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.