Fidus Investment (NASDAQ:FDUS) Reaches New 12-Month High – Here’s Why

Fidus Investment Co. (NASDAQ:FDUS) shares hit a new 52-week high during trading on Monday . The company traded as high as $21.12 and last traded at $21.11, with a volume of 12376 shares traded. The stock had previously closed at $20.97.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods raised Fidus Investment to a “hold” rating in a research report on Monday, August 5th.

Fidus Investment Stock Performance

The stock has a 50 day simple moving average of $19.79 and a two-hundred day simple moving average of $19.75. The firm has a market cap of $713.91 million, a PE ratio of 7.50 and a beta of 1.40.

Fidus Investment (NASDAQ:FDUS) last released its quarterly earnings data on Thursday, October 31st. The asset manager reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.04. The business had revenue of $38.38 million during the quarter, compared to analyst estimates 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 last year, the business posted $0.68 EPS. Equities research analysts forecast that Fidus Investment Co. will post 2.28 earnings per share for the current year.

Fidus Investment Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Tuesday, December 17th will be paid a $0.61 dividend. This represents a $2.44 annualized dividend and a dividend yield of 11.59%. The ex-dividend date is Tuesday, December 17th. This is a positive change from Fidus Investment’s previous quarterly dividend of $0.57. Fidus Investment’s payout ratio is currently 61.43%.

Hedge Funds Weigh In On Fidus Investment

Several institutional investors and hedge funds have recently modified their holdings of FDUS. Cetera Investment Advisers increased its stake in Fidus Investment by 42.2% during the 1st quarter. Cetera Investment Advisers now owns 197,965 shares of the asset manager’s stock worth $3,908,000 after buying an additional 58,768 shares in the last quarter. Cetera Advisors LLC boosted its holdings in shares of Fidus Investment by 611.5% during the 1st quarter. Cetera Advisors LLC now owns 71,651 shares of the asset manager’s stock worth $1,414,000 after purchasing an additional 61,580 shares during the last quarter. Van ECK Associates Corp boosted its holdings in shares of Fidus Investment by 11.5% during the 3rd quarter. Van ECK Associates Corp now owns 809,411 shares of the asset manager’s stock worth $15,808,000 after purchasing an additional 83,538 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of 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 purchasing an additional 1,426 shares during the last quarter. Finally, Legacy Capital Wealth Partners LLC acquired a new position in shares of Fidus Investment during the 2nd quarter worth approximately $1,521,000. Hedge funds and other institutional investors 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.