Price Action to Note: Is Buying Fidus Investment Corp Here a Winning Strategy?

Price Action to Note: Is Buying Fidus Investment Corp Here a Winning Strategy?

The stock of Fidus Investment Corp (NASDAQ:FDUS) hit a new 52-week high and has $17.34 target or 4.00% above today’s $16.67 share price. The 6 months bullish chart indicates low risk for the $324.68M company. The 1-year high was reported on Nov, 22 by Barchart.com. If the $17.34 price target is reached, the company will be worth $12.99M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 20,572 shares traded hands. Fidus Investment Corp (NASDAQ:FDUS) has risen 6.07% since April 20, 2016 and is uptrending. It has outperformed by 1.52% the S&P500.

Fidus Investment Corp (NASDAQ:FDUS) Ratings Coverage

Out of 2 analysts covering Fidus Investment (NASDAQ:FDUS), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. Fidus Investment has been the topic of 2 analyst reports since January 15, 2016 according to StockzIntelligence Inc. The stock of Fidus Investment Corp (NASDAQ:FDUS) earned “Neutral” rating by Janney Capital on Friday, January 15. DA Davidson initiated it with “Buy” rating and $17 target price in Friday, September 23 report.

According to Zacks Investment Research, “Fidus Investment Corporation is a business development company which provides customized mezzanine debt and equity financing solutions to lower middle-market companies. The Company partners with business owners, management teams and financial sponsors by providing customized financing for change of ownership transactions, recapitalizations, strategic acquisitions, business expansion and other growth initiatives. Fidus Investment Corporation is based in Evanston, Illinois.”

Insitutional Activity: The institutional sentiment increased to 2.5 in Q2 2016. Its up 0.58, from 1.92 in 2016Q1. The ratio increased, as 4 funds sold all Fidus Investment Corp shares owned while 9 reduced positions. 10 funds bought stakes while 15 increased positions. They now own 3.50 million shares or 3.02% more from 3.39 million shares in 2016Q1.
Raymond James Tru Na accumulated 0.02% or 18,765 shares. Creative Planning accumulated 200 shares or 0% of the stock. Advisors Asset Management Inc has 405,894 shares for 0.1% of their US portfolio. Raymond James And Assocs has invested 0.04% of its portfolio in Fidus Investment Corp (NASDAQ:FDUS). Panagora Asset Mgmt has invested 0% of its portfolio in Fidus Investment Corp (NASDAQ:FDUS). Morgan Stanley holds 0% of its portfolio in Fidus Investment Corp (NASDAQ:FDUS) for 51,481 shares. Moreover, Buckhead Capital Limited Liability Company has 0.54% invested in Fidus Investment Corp (NASDAQ:FDUS) for 194,205 shares. The Ontario – Canada-based Royal Retail Bank Of Canada has invested 0% in Fidus Investment Corp (NASDAQ:FDUS). Wells Fargo And Mn holds 0% or 2,488 shares in its portfolio. Bb&T Ltd Limited Liability Company holds 0.01% or 52,270 shares in its portfolio. Yorktown Management Company has 1.3% invested in the company for 375,000 shares. Ladenburg Thalmann Fincl Serv last reported 0% of its portfolio in the stock. Deutsche Comml Bank Ag, a Germany-based fund reported 815 shares. Lakeview Capital Ptnrs Ltd Llc holds 29,368 shares or 0.27% of its portfolio. Guggenheim Cap Ltd Company accumulated 69,615 shares or 0% of the stock.

More news for Fidus Investment Corp (NASDAQ:FDUS) were recently published by: Benzinga.com, which released: “Fidus Investment One Of The ‘Best Positioned’ BDCs” on August 05, 2016. Globenewswire.com‘s article titled: “Fidus Investment Corporation Announces Fourth Quarter & Full Year 2014 …” and published on March 05, 2015 is yet another important article.

FDUS Company Profile

Fidus Investment Corporation, incorporated on February 14, 2011, is a business development company. The Firm provides customized debt and equity financing solutions to lower middle-market companies. The Company’s investment objective is to provide risk-adjusted returns by generating both current income from its debt investments and capital appreciation from its equity related investments. The Company’s investment strategy consists of collaborating with business owners, management teams and financial sponsors by providing customized financing for ownership transactions, recapitalizations, strategic acquisitions, business expansion and other growth initiatives.

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