Fidus Investment Co. (NASDAQ:FDUS) Sees Significant Decline in Short Interest

Fidus Investment Co. (NASDAQ:FDUS) was the target of a large decrease in short interest during the month of March. As of March 15th, there was short interest totalling 225,500 shares, a decrease of 38.3% from the February 28th total of 365,400 shares. Based on an average daily volume of 207,900 shares, the days-to-cover ratio is presently 1.1 days. Approximately 0.7% of the shares of the stock are short sold.

Fidus Investment Stock Down 0.9 %

FDUS stock traded down $0.18 during midday trading on Monday, reaching $20.38. 232,341 shares of the company’s stock traded hands, compared to its average volume of 215,076. The company has a 50-day simple moving average of $22.15 and a two-hundred day simple moving average of $20.98. Fidus Investment has a 1-year low of $18.41 and a 1-year high of $23.55. The company has a market cap of $691.26 million, a price-to-earnings ratio of 7.28 and a beta of 1.39.

Fidus Investment Dividend Announcement

The business also recently declared a — dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 20th were given a dividend of $0.11 per share. The ex-dividend date was Thursday, March 20th. This represents a yield of 7.4%. Fidus Investment’s dividend payout ratio (DPR) is 71.37%.

Institutional Investors Weigh In On Fidus Investment

Institutional investors and hedge funds have recently made changes to their positions in the company. Transce3nd LLC bought a new position in shares of Fidus Investment in the 4th quarter valued at about $32,000. Promus Capital LLC bought a new position in Fidus Investment in the fourth quarter valued at approximately $43,000. McIlrath & Eck LLC acquired a new stake in Fidus Investment during the 3rd quarter worth $59,000. Millstone Evans Group LLC bought a new stake in shares of Fidus Investment during the 4th quarter valued at $77,000. Finally, Private Advisor Group LLC acquired a new position in shares of Fidus Investment in the 4th quarter valued at $203,000. Institutional investors own 28.14% of the company’s stock.

Wall Street Analyst Weigh In

Separately, LADENBURG THALM/SH SH downgraded shares of Fidus Investment from a “strong-buy” rating to a “hold” rating in a report on Friday, March 7th.

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.