Fidus Investment Co. (NASDAQ:FDUS) Short Interest Update

Fidus Investment Co. (NASDAQ:FDUS) was the target of a significant growth in short interest in February. As of February 28th, there was short interest totalling 365,400 shares, a growth of 34.7% from the February 13th total of 271,200 shares. Approximately 1.1% of the shares of the company are short sold. Based on an average daily volume of 191,300 shares, the days-to-cover ratio is currently 1.9 days.

Wall Street Analysts Forecast Growth

Separately, LADENBURG THALM/SH SH lowered Fidus Investment from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 7th.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of FDUS. Sumitomo Mitsui Trust Group Inc. raised its stake in Fidus Investment by 8.1% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 71,008 shares of the asset manager’s stock worth $1,392,000 after acquiring an additional 5,302 shares in the last quarter. Muzinich & Co. Inc. increased its stake in shares of Fidus Investment by 7.9% in the third quarter. Muzinich & Co. Inc. now owns 72,643 shares of the asset manager’s stock valued at $1,424,000 after buying an additional 5,302 shares in the last quarter. Advisors Asset Management Inc. increased its stake in shares of Fidus Investment by 9.4% in the third quarter. Advisors Asset Management Inc. now owns 208,166 shares of the asset manager’s stock valued at $4,080,000 after buying an additional 17,929 shares in the last quarter. D.A. Davidson & CO. increased its stake in shares of Fidus Investment by 4.0% in the third quarter. D.A. Davidson & CO. now owns 26,898 shares of the asset manager’s stock valued at $527,000 after buying an additional 1,031 shares in the last quarter. Finally, Paloma Partners Management Co acquired a new stake in shares of Fidus Investment in the third quarter valued at $268,000. 28.14% of the stock is currently owned by institutional investors and hedge funds.

Fidus Investment Price Performance

Shares of NASDAQ FDUS traded down $0.07 during trading hours on Monday, reaching $21.16. The stock had a trading volume of 445,443 shares, compared to its average volume of 215,923. The business’s fifty day moving average is $22.21 and its two-hundred day moving average is $20.92. Fidus Investment has a twelve month low of $18.41 and a twelve month high of $23.55. The company has a market cap of $717.64 million, a price-to-earnings ratio of 7.56 and a beta of 1.39.

Fidus Investment Dividend Announcement

The business also recently disclosed a — dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 20th will be paid a dividend of $0.11 per share. The ex-dividend date is Thursday, March 20th. This represents a yield of 7.4%. Fidus Investment’s dividend payout ratio is currently 71.37%.

About Fidus Investment

Fidus Investment Corporation is a business development company. It specializing in leveraged buyouts, refinancings, change of ownership transactions, recapitalizations, strategic acquisitions, mezzanine, growth capital, business expansion, lower middle market investments, debt investments, subordinated and second lien loans, senior secured and unitranche debt, preferred equity, warrants, subordinated debt, senior subordinated notes, junior secured loans, and unitranche loans.