Some Traders Are Very Bearish on Fidus Investment Corporation (FDUS) After Forming Wedge Down

December 7, 2017 - By Migdalia James

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.
26,689 were accumulated by Raymond James Tru Na. Lakeview Cap Prtn Ltd Liability Company invested 0.21% in Fidus Investment Corporation (NASDAQ:FDUS). Moors & Cabot reported 20,800 shares stake. 150 were accumulated by Howe & Rusling Inc. The Minnesota-based Us Bancorp De has invested 0% in Fidus Investment Corporation (NASDAQ:FDUS). Carroll Fincl Assoc Inc owns 5,960 shares. Stepstone Ltd Partnership owns 260,105 shares for 2.66% of their portfolio. Mckinley Limited Liability Corporation Delaware owns 0.05% invested in Fidus Investment Corporation (NASDAQ:FDUS) for 84,117 shares. Stifel Fincl Corporation owns 11,600 shares or 0% of their US portfolio. 2,500 are held by Citigroup. Barclays Public Ltd Co invested in 0% or 1,000 shares. Guggenheim Limited Liability invested in 0% or 78,492 shares. Buckhead Cap Management Ltd Limited Liability Company holds 0.49% or 159,865 shares. Salzhauer Michael accumulated 0.16% or 20,600 shares. Morgan Stanley reported 0% of its portfolio in Fidus Investment Corporation (NASDAQ:FDUS).

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 earnings per share, down 5.13 % or $0.02 from last year’s $0.39 per share. FDUS’s profit will be $9.06 million for 10.68 P/E if the $0.37 EPS becomes a reality. After $0.38 actual earnings per share 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. As per Friday, August 4, the company rating was maintained by Oppenheimer. The company was maintained on Sunday, July 23 by Keefe Bruyette & Woods. The firm has “Buy” rating by DA Davidson given on Friday, September 23. The stock of Fidus Investment Corporation (NASDAQ:FDUS) earned “Hold” rating by Robert W. Baird on Friday, November 3. Keefe Bruyette & Woods maintained it with “Hold” rating and $1800 target in Wednesday, May 31 report. The rating was initiated by Janney Capital on Friday, January 15 with “Neutral”. The firm has “Neutral” rating by Robert W. Baird given on Monday, January 9. The stock has “Hold” rating by Keefe Bruyette & Woods on Sunday, October 22. The stock has “Mkt Perform” rating by Keefe Bruyette & Woods on Tuesday, January 10.

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

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