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Fidus Investment Corporation (FDUS) Forms Wedge Down Pattern; Strong Momentum for Sellers

December 7, 2017 - By Dolores Ford

Investors sentiment increased to 2.21 in 2017 Q2. Its up 0.34, from 1.87 in 2017Q1. It improved, as 2 investors sold Fidus Investment Corporation shares while 12 reduced holdings. 12 funds opened positions while 19 raised stakes. 6.78 million shares or 17.45% more from 5.78 million shares in 2017Q1 were reported.
West Family has invested 1.07% in Fidus Investment Corporation (NASDAQ:FDUS). Buckhead Cap Lc owns 159,865 shares. Van Eck invested in 0.02% or 183,155 shares. Carroll Financial Associate accumulated 5,960 shares. Blackrock reported 0% stake. 13,011 are owned by Kingfisher Ltd Llc. Two Sigma Secs Limited Liability Corporation accumulated 0.04% or 13,367 shares. Da Davidson And holds 0% in Fidus Investment Corporation (NASDAQ:FDUS) or 6,615 shares. Advisory Rech Incorporated has invested 0.07% in Fidus Investment Corporation (NASDAQ:FDUS). Moreover, Stifel Financial Corp has 0% invested in Fidus Investment Corporation (NASDAQ:FDUS) for 11,600 shares. The New York-based Salzhauer Michael has invested 0.16% in Fidus Investment Corporation (NASDAQ:FDUS). Susquehanna Group Limited Liability Partnership, Pennsylvania-based fund reported 32,531 shares. Barclays Public Ltd invested in 1,000 shares. Us Bank & Trust De holds 0% or 8,200 shares in its portfolio. Baystate Wealth Mgmt Ltd Limited Liability Company holds 0% or 1,500 shares in its portfolio.

The stock of Fidus Investment Corporation (FDUS) formed a down wedge with $15.34 target or 3.00 % below today’s $15.81 share price. The 8 months wedge indicates high risk for the $387.23M company. If the $15.34 price target is reached, the company will be worth $11.62M less.
Falling wedges are poor performers for bullish breakouts and are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 11% and 15%. The average rise is 32% and the decline is 15%. The falling wedges has high throwback and pullback rate: 56%, 69% and the percent of wedges meeting target is not very high.

The stock decreased 1.00% or $0.16 during the last trading session, reaching $15.81. About 78,365 shares traded or 6.55% up from the average. Fidus Investment Corporation (NASDAQ:FDUS) has risen 12.11% since December 8, 2016 and is uptrending. It has underperformed by 4.59% the S&P500.

Analysts await Fidus Investment Corporation (NASDAQ:FDUS) to report earnings on March, 1. They expect $0.37 EPS, down 5.13 % or $0.02 from last year’s $0.39 per share. FDUS’s profit will be $9.06M for 10.68 P/E if the $0.37 EPS becomes a reality. After $0.38 actual EPS reported by Fidus Investment Corporation for the previous quarter, Wall Street now forecasts -2.63 % negative EPS growth.

Fidus Investment Corporation (NASDAQ:FDUS) Ratings Coverage

Among 5 analysts covering Fidus Investment (NASDAQ:FDUS), 2 have Buy rating, 0 Sell and 3 Hold. Therefore 40% are positive. Fidus Investment had 9 analyst reports since January 15, 2016 according to SRatingsIntel. On Tuesday, January 10 the stock rating was initiated by Keefe Bruyette & Woods with “Mkt Perform”. Oppenheimer maintained Fidus Investment Corporation (NASDAQ:FDUS) on Friday, August 4 with “Buy” rating. Robert W. Baird maintained the stock with “Hold” rating in Friday, November 3 report. Robert W. Baird downgraded it to “Neutral” rating and $17 target in Monday, January 9 report. DA Davidson initiated Fidus Investment Corporation (NASDAQ:FDUS) on Friday, September 23 with “Buy” rating. The company was initiated on Friday, January 15 by Janney Capital. The firm earned “Hold” rating on Wednesday, May 31 by Keefe Bruyette & Woods. As per Sunday, October 22, the company rating was maintained by Keefe Bruyette & Woods. Keefe Bruyette & Woods maintained Fidus Investment Corporation (NASDAQ:FDUS) on Sunday, July 23 with “Hold” rating.

More notable recent Fidus Investment Corporation (NASDAQ:FDUS) news were published by: Seekingalpha.com which released: “Fidus Investment’s (FDUS) CEO Edward Ross on Q3 2017 Results – Earnings Call …” on November 03, 2017, also Seekingalpha.com with their article: “Fidus Investment Corp. Reports Q4 2016 – Is It Still Worth A Premium?” published on March 06, 2017, Globenewswire.com published: “Fidus Investment Corporation Declares First Quarter 2017 Dividend” on February 14, 2017. More interesting news about Fidus Investment Corporation (NASDAQ:FDUS) were released by: Seekingalpha.com and their article: “Identifying Risk In BDCs – Fidus Investment Corporation” published on June 20, 2017 as well as Globenewswire.com‘s news article titled: “Fidus Investment Corporation Announces First Quarter 2017 Financial Results” with publication date: May 04, 2017.

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