Fidus Investment Co. (NASDAQ:FDUS - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $19.97 and traded as high as $21.40. Fidus Investment shares last traded at $21.19, with a volume of 189,215 shares traded.
Fidus Investment Trading Down 0.6 %
The stock has a market capitalization of $718.66 million, a price-to-earnings ratio of 7.57 and a beta of 1.39. The business has a 50 day simple moving average of $20.62 and a 200-day simple moving average of $19.97.
Fidus Investment (NASDAQ:FDUS - Get Free Report) last released its earnings results on Thursday, October 31st. The asset manager reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.04. The business had revenue of $38.38 million for the quarter, compared to analysts' expectations of $36.43 million. Fidus Investment had a net margin of 60.09% and a return on equity of 12.11%. During the same period last year, the company earned $0.68 earnings per share. Research analysts predict that Fidus Investment Co. will post 2.28 EPS for the current year.
Fidus Investment Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Tuesday, December 17th were given a $0.61 dividend. This is a positive change from Fidus Investment's previous quarterly dividend of $0.57. This represents a $2.44 annualized dividend and a dividend yield of 11.51%. The ex-dividend date was Tuesday, December 17th. Fidus Investment's dividend payout ratio (DPR) is 61.43%.
Institutional Investors Weigh In On Fidus Investment
A number of institutional investors have recently added to or reduced their stakes in FDUS. Wetzel Investment Advisors Inc. purchased a new stake in Fidus Investment during the second quarter worth approximately $32,000. McIlrath & Eck LLC purchased a new stake in Fidus Investment during the 3rd quarter worth $59,000. Farther Finance Advisors LLC increased its holdings 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 valued at $146,000 after purchasing an additional 1,426 shares in the last quarter. Paloma Partners Management Co purchased a new position in Fidus Investment in the third quarter valued at about $268,000. Finally, Koss Olinger Consulting LLC purchased a new position in Fidus Investment in the second quarter valued at about $335,000. Hedge funds and other institutional investors own 28.14% of the company's stock.
About Fidus Investment
(
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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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