Fidus Investment (NASDAQ:FDUS) Sets New 52-Week Low – Should You Sell?

Shares of Fidus Investment Co. (NASDAQ:FDUS) reached a new 52-week low during trading on Monday . The stock traded as low as $17.31 and last traded at $18.10, with a volume of 157763 shares. The stock had previously closed at $18.80.

Analyst Upgrades and Downgrades

Separately, LADENBURG THALM/SH SH lowered shares of Fidus Investment from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 7th.

Fidus Investment Price Performance

The company has a fifty day simple moving average of $21.87 and a two-hundred day simple moving average of $20.96. The company has a market capitalization of $601.65 million, a P/E ratio of 6.34 and a beta of 1.10.

Fidus Investment Dividend Announcement

The business also recently disclosed a — dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 20th were paid a $0.11 dividend. This represents a dividend yield of 7.4%. The ex-dividend date was Thursday, March 20th. Fidus Investment’s payout ratio is 71.37%.

Institutional Investors Weigh In On Fidus Investment

Large investors have recently added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Fidus Investment by 8.2% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 13,267 shares of the asset manager’s stock worth $279,000 after buying an additional 1,000 shares during the last quarter. Truist Financial Corp raised its holdings in 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 acquiring an additional 1,261 shares during the period. Optimum Investment Advisors lifted its position in Fidus Investment by 8.3% during the 4th quarter. Optimum Investment Advisors now owns 18,755 shares of the asset manager’s stock worth $394,000 after acquiring an additional 1,430 shares during the last quarter. Transce3nd LLC bought a new stake in Fidus Investment during the fourth quarter valued at about $32,000. Finally, PFG Advisors grew its position in shares of Fidus Investment by 1.0% in the fourth quarter. PFG Advisors now owns 183,047 shares of the asset manager’s stock valued at $3,848,000 after purchasing an additional 1,875 shares during the last quarter. Institutional investors 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.