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

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

Hedge Funds Weigh In On Fidus Investment

Several hedge funds have recently added to or reduced their stakes in FDUS. Sumitomo Mitsui Trust Group Inc. boosted its holdings in Fidus Investment by 8.1% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 71,008 shares of the asset manager’s stock valued at $1,392,000 after acquiring an additional 5,302 shares during the last quarter. Muzinich & Co. Inc. boosted its holdings in 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 acquiring an additional 5,302 shares during the last quarter. Advisors Asset Management Inc. boosted its holdings in 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 acquiring an additional 17,929 shares during the last quarter. D.A. Davidson & CO. boosted its holdings in 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 acquiring an additional 1,031 shares during the last quarter. Finally, Paloma Partners Management Co bought a new position in Fidus Investment in the third quarter valued at about $268,000. Institutional investors own 28.14% of the company’s stock.

Analyst Ratings Changes

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.

Fidus Investment Trading Down 0.3 %

Fidus Investment stock traded down $0.07 during mid-day trading on Monday, hitting $21.16. The stock had a trading volume of 445,443 shares, compared to its average volume of 215,923. The stock has a 50-day simple moving average of $22.21 and a two-hundred day simple moving average of $20.92. The stock has a market capitalization of $717.64 million, a PE ratio of 7.56 and a beta of 1.39. Fidus Investment has a 12 month low of $18.41 and a 12 month high of $23.55.

Fidus Investment Dividend Announcement

The company also recently declared a — dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 20th will be issued a $0.11 dividend. This represents a yield of 7.4%. The ex-dividend date is Thursday, March 20th. Fidus Investment’s dividend payout ratio is 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.