Fidus Investment Corporation (NASDAQ:FDUS) Short Interest Down 29.4% in October

Fidus Investment Corporation (NASDAQ:FDUS) was the recipient of a significant decline in short interest in October. As of October 15th, there was short interest totaling 314,600 shares, a decline of 29.4% from the September 30th total of 445,300 shares. Currently, 0.9% of the shares of the stock are short sold. Based on an average trading volume of 213,000 shares, the days-to-cover ratio is currently 1.5 days. Based on an average trading volume of 213,000 shares, the days-to-cover ratio is currently 1.5 days. Currently, 0.9% of the shares of the stock are short sold.

Institutional Trading of Fidus Investment

Several institutional investors have recently added to or reduced their stakes in the stock. Novare Capital Management LLC boosted its holdings in shares of Fidus Investment by 5.0% during the 3rd quarter. Novare Capital Management LLC now owns 199,839 shares of the asset manager’s stock worth $4,049,000 after buying an additional 9,564 shares in the last quarter. Capital Advisory Group Advisory Services LLC boosted its holdings in shares of Fidus Investment by 9.6% during the 3rd quarter. Capital Advisory Group Advisory Services LLC now owns 85,032 shares of the asset manager’s stock worth $1,723,000 after buying an additional 7,414 shares in the last quarter. Plan Group Financial LLC boosted its holdings in shares of Fidus Investment by 38.1% during the 3rd quarter. Plan Group Financial LLC now owns 68,713 shares of the asset manager’s stock worth $1,392,000 after buying an additional 18,950 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of Fidus Investment by 37.2% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 209,241 shares of the asset manager’s stock worth $4,239,000 after buying an additional 56,778 shares in the last quarter. Finally, State of Alaska Department of Revenue bought a new position in shares of Fidus Investment during the 3rd quarter worth approximately $28,000. 28.14% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Weiss Ratings reissued a “buy (b-)” rating on shares of Fidus Investment in a research note on Tuesday, October 14th. Keefe, Bruyette & Woods raised Fidus Investment from a “market perform” rating to an “outperform” rating and set a $21.50 target price for the company in a research note on Monday, October 6th. B. Riley downgraded Fidus Investment from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $22.00 to $22.50 in a research note on Wednesday, August 13th. Finally, LADENBURG THALM/SH SH raised Fidus Investment to a “strong-buy” rating in a research note on Wednesday, August 13th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $22.00.

Fidus Investment Trading Up 0.3%

FDUS stock traded up $0.06 during trading on Monday, hitting $20.60. The company had a trading volume of 118,247 shares, compared to its average volume of 205,772. The business has a 50-day moving average of $20.69 and a 200-day moving average of $20.45. Fidus Investment has a one year low of $16.70 and a one year high of $23.55. The stock has a market cap of $728.83 million, a PE ratio of 8.92 and a beta of 0.88.

Fidus Investment (NASDAQ:FDUS) last announced its earnings results on Thursday, August 7th. The asset manager reported $0.57 EPS for the quarter, beating the consensus estimate of $0.53 by $0.04. Fidus Investment had a return on equity of 11.52% and a net margin of 51.88%.The business had revenue of $39.97 million for the quarter, compared to analysts’ expectations of $37.42 million. Research analysts forecast that Fidus Investment will post 2.28 EPS for the current year.

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.