Fidus Investment (NASDAQ:FDUS) Stock Crosses Above Two Hundred Day Moving Average – Time to Sell?

Fidus Investment Co. (NASDAQ:FDUS) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $19.92 and traded as high as $20.76. Fidus Investment shares last traded at $20.75, with a volume of 52,961 shares traded.

Fidus Investment Trading Up 0.7 %

The stock has a fifty day moving average of $20.46 and a two-hundred day moving average of $19.93. The stock has a market capitalization of $708.82 million, a price-to-earnings ratio of 7.46 and a beta of 1.39.

Fidus Investment (NASDAQ:FDUS) last released its quarterly earnings results on Thursday, October 31st. The asset manager reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.04. The business had revenue of $38.38 million during the quarter, compared to analysts’ expectations of $36.43 million. Fidus Investment had a return on equity of 12.11% and a net margin of 60.09%. During the same period in the previous year, the business posted $0.68 earnings per share. Equities analysts expect that Fidus Investment Co. will post 2.28 earnings per share for the current year.

Fidus Investment Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Tuesday, December 17th will be paid a $0.61 dividend. The ex-dividend date of this dividend is Tuesday, December 17th. This is an increase from Fidus Investment’s previous quarterly dividend of $0.57. This represents a $2.44 dividend on an annualized basis and a dividend yield of 11.67%. Fidus Investment’s payout ratio is currently 61.43%.

Institutional Trading of Fidus Investment

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Wetzel Investment Advisors Inc. bought a new position in Fidus Investment in the 2nd quarter valued at $32,000. McIlrath & Eck LLC acquired a new position in shares of Fidus Investment during the third quarter valued at $59,000. Farther Finance Advisors LLC boosted its holdings 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 during the last quarter. Paloma Partners Management Co acquired a new stake in Fidus Investment in the third quarter worth about $268,000. Finally, Koss Olinger Consulting LLC bought a new stake in Fidus Investment during the 2nd quarter worth about $335,000. 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.