Fidus Investment (NASDAQ:FDUS) Hits New 12-Month High – Time to Buy?

Fidus Investment Co. (NASDAQ:FDUS)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $22.71 and last traded at $22.66, with a volume of 153538 shares trading hands. The stock had previously closed at $22.63.

Fidus Investment Price Performance

The stock has a market capitalization of $768.63 million, a P/E ratio of 8.09 and a beta of 1.39. The firm has a 50-day simple moving average of $21.45 and a 200 day simple moving average of $20.41.

Hedge Funds Weigh In On Fidus Investment

A number of hedge funds have recently made changes to their positions in FDUS. PFG Advisors raised its position in shares of Fidus Investment by 1.6% during the third quarter. PFG Advisors now owns 181,172 shares of the asset manager’s stock worth $3,551,000 after acquiring an additional 2,768 shares during the last quarter. Cornerstone Wealth Management LLC raised its position in shares of Fidus Investment by 10.4% during the third quarter. Cornerstone Wealth Management LLC now owns 19,437 shares of the asset manager’s stock worth $381,000 after acquiring an additional 1,838 shares during the last quarter. Optimum Investment Advisors raised its position in shares of 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 acquiring an additional 3,425 shares during the last quarter. Hennion & Walsh Asset Management Inc. acquired a new stake in Fidus Investment during the third quarter worth approximately $683,000. Finally, Grimes & Company Inc. grew its stake in 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 purchasing an additional 2,742 shares during the period. 28.14% of the stock is currently owned by institutional investors.

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.