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

Fidus Investment Co. (NASDAQ:FDUS) saw a large 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 company’s shares are short sold. Based on an average daily volume of 191,300 shares, the short-interest ratio is currently 1.9 days.

Institutional Investors Weigh In On Fidus Investment

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

Fidus Investment Trading Up 1.6 %

Shares of Fidus Investment stock traded up $0.34 during trading hours on Friday, reaching $21.23. 438,205 shares of the company’s stock were exchanged, compared to its average volume of 215,001. Fidus Investment has a 52-week low of $18.41 and a 52-week high of $23.55. The company has a fifty day moving average of $22.21 and a 200-day moving average of $20.92. The firm has a market capitalization of $720.02 million, a price-to-earnings ratio of 7.58 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. Stockholders of record on Thursday, March 20th will be paid a dividend of $0.11 per share. This represents a dividend yield of 7.4%. The ex-dividend date of this dividend is Thursday, March 20th. Fidus Investment’s dividend payout ratio is currently 71.37%.

Wall Street Analyst Weigh In

Separately, LADENBURG THALM/SH SH lowered 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.