Does Fidus Investment Corporation (FDUS) Have Any Gas After Forming This Bearish Wedge Down?

December 7, 2017 - By Michael Collier

Investors sentiment increased to 2.21 in Q2 2017. Its up 0.34, from 1.87 in 2017Q1. It increased, 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.
Novare Capital Management Ltd holds 330,819 shares or 1.25% of its portfolio. Cibc Ww Incorporated accumulated 0% or 10,542 shares. Morgan Stanley has invested 0% in Fidus Investment Corporation (NASDAQ:FDUS). Yorktown & Research holds 240,000 shares or 1.29% of its portfolio. Japan-based Sumitomo Mitsui Asset has invested 0.07% in Fidus Investment Corporation (NASDAQ:FDUS). Howe Rusling Inc, New York-based fund reported 150 shares. Opus Capital Gru Ltd reported 223,845 shares stake. Da Davidson & invested 0% in Fidus Investment Corporation (NASDAQ:FDUS). Oppenheimer invested in 0.01% or 27,541 shares. Us Bankshares De invested in 0% or 8,200 shares. Optimum Inv Advisors reported 0.24% in Fidus Investment Corporation (NASDAQ:FDUS). Bragg Fincl Advsrs has invested 0.03% in Fidus Investment Corporation (NASDAQ:FDUS). Guggenheim invested 0% in Fidus Investment Corporation (NASDAQ:FDUS). Carroll Fincl Associates has 0.01% invested in Fidus Investment Corporation (NASDAQ:FDUS). Ares Mngmt Limited Liability, a California-based fund reported 321,613 shares.

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 $9.06 million 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. The rating was maintained by Oppenheimer with “Buy” on Friday, August 4. The stock has “Hold” rating by Keefe Bruyette & Woods on Sunday, July 23. The stock has “Neutral” rating by Robert W. Baird on Monday, January 9. The rating was initiated by Keefe Bruyette & Woods on Tuesday, January 10 with “Mkt Perform”. The stock of Fidus Investment Corporation (NASDAQ:FDUS) has “Hold” rating given on Friday, November 3 by Robert W. Baird. Keefe Bruyette & Woods maintained it with “Hold” rating and $18.0 target in Sunday, October 22 report. The firm has “Hold” rating given on Wednesday, May 31 by Keefe Bruyette & Woods. The rating was initiated by Janney Capital on Friday, January 15 with “Neutral”. The firm has “Buy” rating by DA Davidson given on Friday, September 23.

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’s (FDUS) CEO Edward Ross on Q2 2017 Results – Earnings Call …” published on August 04, 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 Corporation (NASDAQ:FDUS) were released by: Seekingalpha.com and their article: “Fidus Investment Corp. Reports Q4 2016 – Is It Still Worth A Premium?” published on March 06, 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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