Fidus Investment (NASDAQ:FDUS) Hits New 1-Year High – Here’s Why

Shares of Fidus Investment Co. (NASDAQ:FDUS) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $22.61 and last traded at $22.55, with a volume of 158197 shares traded. The stock had previously closed at $22.39.

Fidus Investment Price Performance

The business has a 50-day moving average of $21.24 and a 200 day moving average of $20.24. The company has a market capitalization of $760.83 million, a PE ratio of 8.01 and a beta of 1.39.

Fidus Investment (NASDAQ:FDUS) last issued its quarterly earnings data on Thursday, October 31st. The asset manager reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.04. Fidus Investment had a net margin of 60.09% and a return on equity of 12.11%. The business had revenue of $38.38 million during the quarter, compared to analysts’ expectations of $36.43 million. During the same period last year, the company posted $0.68 EPS. As a group, research analysts anticipate that Fidus Investment Co. will post 2.28 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in FDUS. McIlrath & Eck LLC bought a new stake in shares of Fidus Investment in the 3rd quarter valued at approximately $59,000. Farther Finance Advisors LLC raised its holdings in Fidus Investment by 23.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 7,467 shares of the asset manager’s stock valued at $146,000 after buying an additional 1,426 shares during the period. Paloma Partners Management Co bought a new stake in Fidus Investment in the third quarter worth $268,000. Fiduciary Alliance LLC bought a new stake in Fidus Investment in the fourth quarter worth $274,000. Finally, Optimum Investment Advisors boosted its stake in Fidus Investment by 24.6% during the third quarter. Optimum Investment Advisors now owns 17,325 shares of the asset manager’s stock worth $340,000 after buying an additional 3,425 shares during the period. Hedge funds and other institutional investors own 28.14% of the company’s stock.

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.