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Fidus Investment (NASDAQ:FDUS) Reaches New 52-Week High - Here's Why

Fidus Investment logo with Finance background

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

Fidus Investment Stock Performance

The stock has a market capitalization of $792.71 million, a P/E ratio of 8.35 and a beta of 1.39. The company's 50-day moving average price is $21.59 and its 200 day moving average price is $20.50.

Institutional Trading of Fidus Investment

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. D.A. Davidson & CO. grew its stake in shares of Fidus Investment by 4.0% in the 3rd quarter. D.A. Davidson & CO. now owns 26,898 shares of the asset manager's stock worth $527,000 after buying an additional 1,031 shares in the last quarter. Truist Financial Corp grew its stake in shares of Fidus Investment by 2.7% in the 4th quarter. Truist Financial Corp now owns 47,820 shares of the asset manager's stock worth $1,005,000 after buying an additional 1,261 shares in the last quarter. Farther Finance Advisors LLC grew its stake in shares of 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 buying an additional 1,426 shares in the last quarter. Optimum Investment Advisors grew its stake in shares of Fidus Investment by 8.3% in the 4th quarter. Optimum Investment Advisors now owns 18,755 shares of the asset manager's stock worth $394,000 after buying an additional 1,430 shares in the last quarter. Finally, Transce3nd LLC purchased a new position in shares of Fidus Investment in the 4th quarter worth $32,000. 28.14% of the stock is currently owned by institutional investors.

Fidus Investment Company Profile

(Get Free Report)

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.

Further Reading

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