Could Fidus Investment Corp (FDUS) Change Direction After This Wedge Down Chart Pattern

November 21, 2017 - By Winifred Garcia

Investors sentiment increased to 2.21 in Q2 2017. Its up 0.34, from 1.87 in 2017Q1. It improved, as 2 investors sold Fidus Investment Corp 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.
Van Eck invested in 183,155 shares or 0.02% of the stock. California-based Wells Fargo And Co Mn has invested 0% in Fidus Investment Corp (NASDAQ:FDUS). Mckinley Management Ltd Liability Delaware holds 0.05% or 84,117 shares in its portfolio. First Allied Advisory Serv Inc accumulated 0.01% or 19,155 shares. Morgan Stanley holds 0% or 84,018 shares. The Ohio-based Opus Capital Gp Limited Liability has invested 0.74% in Fidus Investment Corp (NASDAQ:FDUS). Royal Bancshares Of Canada invested 0% of its portfolio in Fidus Investment Corp (NASDAQ:FDUS). Da Davidson owns 0% invested in Fidus Investment Corp (NASDAQ:FDUS) for 6,615 shares. Kingfisher Capital Ltd Company accumulated 13,011 shares. Buckhead Cap Mgmt Ltd Liability Co holds 0.49% in Fidus Investment Corp (NASDAQ:FDUS) or 159,865 shares. Sumitomo Mitsui Asset Mngmt Ltd reported 260,347 shares stake. Raymond James Trust Na holds 0.03% in Fidus Investment Corp (NASDAQ:FDUS) or 26,689 shares. Commonwealth Equity Ser owns 14,826 shares. Us Fincl Bank De invested 0% in Fidus Investment Corp (NASDAQ:FDUS). Blackrock holds 150,455 shares.

The stock of Fidus Investment Corp (FDUS) formed a down wedge with $15.68 target or 3.00 % below today’s $16.17 share price. The 8 months wedge indicates high risk for the $396.05 million company. If the $15.68 price target is reached, the company will be worth $11.88M 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.

About 2,798 shares traded. Fidus Investment Corp (NASDAQ:FDUS) has risen 12.11% since November 21, 2016 and is uptrending. It has underperformed by 4.59% the S&P500.

Investors wait Fidus Investment Corp (NASDAQ:FDUS) to report on March, 1. its quarterly earnings Wall Street analysts expect $0.37 earnings per share, down $0.02 or 5.13 % from last year’s $0.39 same quarter earnings. This translates into $9.06 million profit for FDUS giving the stock a 10.95 P/E. This is assuming the current $0.37 EPS is accurate. Fidus Investment Corp’s Wall Street analysts see -2.63 % negative EPS growth, taking into account the $0.38 EPS reproted in the previous quarter,

Fidus Investment Corp (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. The stock has “Hold” rating by Keefe Bruyette & Woods on Sunday, October 22. On Sunday, July 23 the stock rating was maintained by Keefe Bruyette & Woods with “Hold”. The stock has “Neutral” rating by Janney Capital on Friday, January 15. As per Friday, November 3, the company rating was maintained by Robert W. Baird. The company was maintained on Friday, August 4 by Oppenheimer. The firm has “Mkt Perform” rating given on Tuesday, January 10 by Keefe Bruyette & Woods. The stock of Fidus Investment Corp (NASDAQ:FDUS) has “Neutral” rating given on Monday, January 9 by Robert W. Baird. DA Davidson initiated the stock with “Buy” rating in Friday, September 23 report. On Wednesday, May 31 the stock rating was maintained by Keefe Bruyette & Woods with “Hold”.

More notable recent Fidus Investment Corp (NASDAQ:FDUS) news were published by: Seekingalpha.com which released: “Fidus Investment Corp. Reports Q4 2016 – Is It Still Worth A Premium?” on March 06, 2017, also Globenewswire.com with their article: “Fidus Investment Corporation Announces Third Quarter 2017 Financial Results” published on November 02, 2017, Seekingalpha.com published: “Fidus Investment’s (FDUS) CEO Ed Ross on Q1 2017 Results – Earnings Call …” on May 05, 2017. More interesting news about Fidus Investment Corp (NASDAQ:FDUS) were released by: Globenewswire.com and their article: “Fidus Investment Corporation Announces First Quarter 2017 Financial Results” published on May 04, 2017 as well as Seekingalpha.com‘s news article titled: “Identifying Risk In BDCs – Fidus Investment Corporation” with publication date: June 20, 2017.

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