Fidus Investment (NASDAQ:FDUS) Sets New 52-Week High – Still a Buy?

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

Fidus Investment Stock Up 0.7 %

The business has a 50 day moving average price of $21.18 and a 200-day moving average price of $20.21. The firm has a market cap of $764.90 million, a price-to-earnings ratio of 8.05 and a beta of 1.39.

Fidus Investment (NASDAQ:FDUS) last posted its quarterly earnings data 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 company had revenue of $38.38 million for the quarter, compared to analyst estimates of $36.43 million. Fidus Investment had a net margin of 60.09% and a return on equity of 12.11%. During the same quarter last year, the firm posted $0.68 earnings per share. Research analysts anticipate that Fidus Investment Co. will post 2.28 earnings per share for the current fiscal year.

Institutional Trading of Fidus Investment

Several large investors have recently modified their holdings of the business. D.A. Davidson & CO. lifted its stake in shares of Fidus Investment by 4.0% in the third quarter. D.A. Davidson & CO. now owns 26,898 shares of the asset manager’s stock worth $527,000 after acquiring an additional 1,031 shares in the last quarter. Farther Finance Advisors LLC increased 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 worth $146,000 after purchasing an additional 1,426 shares during the last quarter. Cornerstone Wealth Management LLC raised its position in shares of Fidus Investment by 10.4% in the 3rd quarter. Cornerstone Wealth Management LLC now owns 19,437 shares of the asset manager’s stock valued at $381,000 after purchasing an additional 1,838 shares in the last quarter. Grimes & Company Inc. grew its position in shares of Fidus Investment by 17.3% during the third quarter. Grimes & Company Inc. now owns 18,582 shares of the asset manager’s stock worth $364,000 after buying an additional 2,742 shares in the last quarter. Finally, PFG Advisors boosted its stake in Fidus Investment by 1.6% during the 3rd quarter. PFG Advisors now owns 181,172 shares of the asset manager’s stock valued at $3,551,000 after acquiring an additional 2,768 shares during the last quarter. 28.14% of the stock is currently owned by institutional investors and hedge funds.

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.