What’s Next for Fidus Investment Corporation (FDUS) After Forming Bearish Wedge Down Pattern?

December 7, 2017 - By Stephen Andrade

Investors sentiment increased to 2.21 in 2017 Q2. 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.
Oppenheimer Co Incorporated reported 27,541 shares. Guggenheim Ltd Liability Corporation owns 0% invested in Fidus Investment Corporation (NASDAQ:FDUS) for 78,492 shares. Lakeview Ptnrs Limited owns 0.21% invested in Fidus Investment Corporation (NASDAQ:FDUS) for 15,185 shares. Creative Planning has invested 0% of its portfolio in Fidus Investment Corporation (NASDAQ:FDUS). Asset holds 0.12% or 434,316 shares. Moreover, Carroll Fincl Associates has 0.01% invested in Fidus Investment Corporation (NASDAQ:FDUS). Buckhead Capital Mngmt Llc holds 159,865 shares. Opus Capital Grp Limited Liability Com owns 223,845 shares for 0.74% of their portfolio. 2,500 were reported by Citigroup Incorporated. Bragg Fincl Advsrs reported 0.03% in Fidus Investment Corporation (NASDAQ:FDUS). Bancorp Of America Corporation De reported 0% stake. Deutsche Bank & Trust Ag owns 2,400 shares. Barclays Plc has 0% invested in Fidus Investment Corporation (NASDAQ:FDUS) for 1,000 shares. Mackenzie, a Ontario – Canada-based fund reported 31,381 shares. Morgan Stanley owns 0% invested in Fidus Investment Corporation (NASDAQ:FDUS) for 84,018 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 $9.06M 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. As per Sunday, October 22, the company rating was maintained by Keefe Bruyette & Woods. The stock of Fidus Investment Corporation (NASDAQ:FDUS) has “Neutral” rating given on Friday, January 15 by Janney Capital. The stock of Fidus Investment Corporation (NASDAQ:FDUS) has “Neutral” rating given on Monday, January 9 by Robert W. Baird. The stock of Fidus Investment Corporation (NASDAQ:FDUS) earned “Mkt Perform” rating by Keefe Bruyette & Woods on Tuesday, January 10. The firm has “Buy” rating given on Friday, August 4 by Oppenheimer. The firm has “Buy” rating given on Friday, September 23 by DA Davidson. Robert W. Baird maintained Fidus Investment Corporation (NASDAQ:FDUS) on Friday, November 3 with “Hold” rating. On Wednesday, May 31 the stock rating was maintained by Keefe Bruyette & Woods with “Hold”. The stock of Fidus Investment Corporation (NASDAQ:FDUS) earned “Hold” rating by Keefe Bruyette & Woods on Sunday, July 23.

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 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 Edward Ross on Q2 2017 Results – Earnings Call …” on August 04, 2017. More interesting news about Fidus Investment Corporation (NASDAQ:FDUS) were released by: Globenewswire.com and their article: “Fidus Investment Corporation Declares First Quarter 2017 Dividend” published on February 14, 2017 as well as Globenewswire.com‘s news article titled: “Fidus Investment Corporation Announces Fourth Quarter & Full Year 2016 …” with publication date: March 02, 2017.

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