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

Shares of Fidus Investment Co. (NASDAQ:FDUS) reached a new 52-week high 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 upgraded shares of Fidus Investment to a “hold” rating in a report on Monday, August 5th.

Fidus Investment Price Performance

The business has a fifty day moving average of $19.79 and a 200-day moving average of $19.75. The stock 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 announced its quarterly earnings results on Thursday, October 31st. The asset manager reported $0.61 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $36.43 million. During the same quarter last year, the firm posted $0.68 earnings per share. As a group, equities research analysts predict that Fidus Investment Co. will post 2.28 EPS for the current year.

Fidus Investment Increases Dividend

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

Hedge Funds Weigh In On Fidus Investment

Institutional investors have recently bought and sold shares of the business. Wetzel Investment Advisors Inc. purchased a new position in shares of Fidus Investment in the 2nd quarter valued at $32,000. EntryPoint Capital LLC purchased a new stake in shares of Fidus Investment during the first quarter valued at about $45,000. McIlrath & Eck LLC purchased a new stake in shares of Fidus Investment during the third quarter valued at about $59,000. EverSource Wealth Advisors LLC purchased a new position in shares of Fidus Investment in the 1st quarter worth approximately $73,000. Finally, Farther Finance Advisors LLC boosted its stake in Fidus Investment by 23.6% in the third quarter. Farther Finance Advisors LLC now owns 7,467 shares of the asset manager’s stock valued at $146,000 after acquiring an additional 1,426 shares in the last quarter. 28.14% of the stock is owned by hedge funds and other institutional investors.

Fidus Investment Company Profile

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.