Fidus Investment (NASDAQ:FDUS) Hits New 12-Month High – Time to Buy?

Shares of Fidus Investment Co. (NASDAQ:FDUS) reached a new 52-week high on Tuesday . The company traded as high as $22.71 and last traded at $22.66, with a volume of 153538 shares changing hands. The stock had previously closed at $22.63.

Fidus Investment Price Performance

The stock has a fifty day moving average price of $21.45 and a two-hundred day moving average price of $20.41. The company has a market cap of $768.63 million, a P/E ratio of 8.09 and a beta of 1.39.

Institutional Trading of Fidus Investment

A number of hedge funds have recently bought and sold shares of the business. LPL Financial LLC lifted its holdings in Fidus Investment by 3.4% during the fourth quarter. LPL Financial LLC now owns 79,515 shares of the asset manager’s stock worth $1,671,000 after acquiring an additional 2,603 shares during the period. Optimum Investment Advisors lifted its holdings in Fidus Investment by 8.3% during the fourth quarter. Optimum Investment Advisors now owns 18,755 shares of the asset manager’s stock worth $394,000 after acquiring an additional 1,430 shares during the period. Millstone Evans Group LLC bought a new stake in shares of Fidus Investment in the fourth quarter valued at $77,000. Palogic Value Management L.P. raised its stake in shares of Fidus Investment by 11.9% in the fourth quarter. Palogic Value Management L.P. now owns 63,822 shares of the asset manager’s stock valued at $1,342,000 after buying an additional 6,804 shares during the period. Finally, PFG Advisors raised its stake in shares of Fidus Investment by 1.0% in the fourth quarter. PFG Advisors now owns 183,047 shares of the asset manager’s stock valued at $3,848,000 after buying an additional 1,875 shares during the period. 28.14% of the stock is currently owned by 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.