The stock of Fidus Investment Corp (NASDAQ:FDUS) hit a new 52-week high and has $17.90 target or 5.00% above today’s $17.05 share price. The 8 months bullish chart indicates low risk for the $331.27 million company. The 1-year high was reported on Nov, 28 by Barchart.com. If the $17.90 price target is reached, the company will be worth $16.56 million 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 76,515 shares traded hands or 6.23% up from the average. Fidus Investment Corp (NASDAQ:FDUS) has risen 11.40% since April 25, 2016 and is uptrending. It has outperformed by 5.39% the S&P500.
Analysts await Fidus Investment Corp (NASDAQ:FDUS) to report earnings on March, 2. They expect $0.38 earnings per share, down 13.64% or $0.06 from last year’s $0.44 per share. FDUS’s profit will be $7.38 million for 11.22 P/E if the $0.38 EPS becomes a reality. After $0.35 actual earnings per share reported by Fidus Investment Corp for the previous quarter, Wall Street now forecasts 8.57% EPS growth.
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) has “Buy” rating given on Friday, September 23 by DA Davidson. The rating was initiated by Janney Capital on Friday, January 15 with “Neutral”.
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 is positive, 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.
Yorktown & Research has 1.3% invested in the company for 375,000 shares. Kingfisher Capital Lc, a North Carolina-based fund reported 13,011 shares. Moreover, Muzinich has 0.73% invested in Fidus Investment Corp (NASDAQ:FDUS) for 104,241 shares. Bancorporation Of America Corporation De holds 1,600 shares or 0% of its portfolio. Deutsche Bankshares Ag accumulated 0% or 815 shares. The Florida-based Ladenburg Thalmann Fincl Inc has invested 0% in Fidus Investment Corp (NASDAQ:FDUS). Oppenheimer And last reported 0.01% of its portfolio in the stock. The North Carolina-based Carroll Finance has invested 0.01% in Fidus Investment Corp (NASDAQ:FDUS). Ares Mngmt Limited Company holds 0.06% or 48,000 shares in its portfolio. Raymond James Tru Na holds 0.02% of its portfolio in Fidus Investment Corp (NASDAQ:FDUS) for 18,765 shares. Guggenheim Lc last reported 0% of its portfolio in the stock. Moreover, Royal Fincl Bank Of Canada has 0% invested in Fidus Investment Corp (NASDAQ:FDUS) for 9,595 shares. Millennium Mngmt has invested 0% of its portfolio in Fidus Investment Corp (NASDAQ:FDUS). Wells Fargo And Company Mn accumulated 0% or 2,488 shares. Mckinley Cap Mngmt Llc Delaware, a Unknown-based fund reported 24,828 shares.
More news for Fidus Investment Corp (NASDAQ:FDUS) were recently published by: Globenewswire.com, which released: “Fidus Investment Corporation Announces Third Quarter 2016 Financial Results” on November 03, 2016. Benzinga.com‘s article titled: “Fidus Investment One Of The ‘Best Positioned’ BDCs” and published on August 05, 2016 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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