Fidus Investment (NASDAQ:FDUS) Hits New 12-Month High - Here's Why

Shares of Fidus Investment Co. (NASDAQ:FDUS - Get Free Report) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $21.32 and last traded at $21.32, with a volume of 135662 shares trading hands. The stock had previously closed at $21.26.

Fidus Investment Stock Up 0.4 %

The company has a market capitalization of $723.85 million, a price-to-earnings ratio of 7.59 and a beta of 1.39. The stock has a 50 day moving average of $20.04 and a 200 day moving average of $19.83.

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

Fidus Investment Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Tuesday, December 17th will be given a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 11.43%. This is a positive change from Fidus Investment's previous quarterly dividend of $0.57. The ex-dividend date is Tuesday, December 17th. Fidus Investment's payout ratio is presently 61.43%.

Institutional Trading of Fidus Investment

Several hedge funds have recently bought and sold shares of FDUS. Wetzel Investment Advisors Inc. bought a new stake in Fidus Investment during the second quarter worth $32,000. McIlrath & Eck LLC bought a new position in shares of Fidus Investment during the third quarter valued at about $59,000. Farther Finance Advisors LLC grew its position in Fidus Investment by 23.6% in 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 in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Fidus Investment by 20.0% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 12,866 shares of the asset manager's stock valued at $251,000 after acquiring an additional 2,140 shares in the last quarter. Finally, Paloma Partners Management Co purchased a new stake in shares of Fidus Investment during the third quarter valued at approximately $268,000. 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.

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