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

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

Fidus Investment Stock Performance

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

Fidus Investment Dividend Announcement

The firm also recently disclosed a — dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 20th were given a $0.11 dividend. The ex-dividend date of this dividend was Thursday, March 20th. This represents a dividend yield of 7.4%. Fidus Investment’s dividend payout ratio is presently 71.37%.

Institutional Trading of Fidus Investment

Hedge funds have recently bought and sold shares of the stock. Raymond James Financial Inc. acquired a new position in shares of Fidus Investment in the fourth quarter valued at approximately $20,539,000. Columbus Macro LLC bought a new position in Fidus Investment during the 4th quarter worth about $5,610,000. Baird Financial Group Inc. acquired a new stake in shares of Fidus Investment in the 4th quarter valued at about $4,072,000. TrueMark Investments LLC bought a new stake in shares of Fidus Investment in the fourth quarter valued at about $1,635,000. Finally, HighTower Advisors LLC boosted its position in shares of Fidus Investment by 164.5% during the fourth quarter. HighTower Advisors LLC now owns 87,985 shares of the asset manager’s stock worth $1,849,000 after buying an additional 54,722 shares during the period. 28.14% of the stock is currently owned by institutional investors and hedge funds.

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 research 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.