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

Fidus Investment Co. (NASDAQ:FDUS) was the recipient of a significant decline in short interest in January. As of January 15th, there was short interest totalling 158,700 shares, a decline of 22.2% from the December 31st total of 204,100 shares. Approximately 0.5% of the shares of the stock are short sold. Based on an average trading volume of 209,600 shares, the days-to-cover ratio is presently 0.8 days.

Hedge Funds Weigh In On Fidus Investment

A number of large investors have recently made changes to their positions in FDUS. Envestnet Asset Management Inc. boosted its position in Fidus Investment by 17.4% during the second quarter. Envestnet Asset Management Inc. now owns 225,904 shares of the asset manager’s stock worth $4,401,000 after purchasing an additional 33,474 shares during the period. NewEdge Advisors LLC boosted its position in Fidus Investment by 9.3% during the second quarter. NewEdge Advisors LLC now owns 122,359 shares of the asset manager’s stock worth $2,384,000 after purchasing an additional 10,364 shares during the period. Cetera Investment Advisers boosted its position in Fidus Investment by 18.1% during the second quarter. Cetera Investment Advisers now owns 233,826 shares of the asset manager’s stock worth $4,555,000 after purchasing an additional 35,861 shares during the period. PFG Advisors boosted its position in Fidus Investment by 1.6% during the third quarter. PFG Advisors now owns 181,172 shares of the asset manager’s stock worth $3,551,000 after purchasing an additional 2,768 shares during the period. Finally, Cornerstone Wealth Management LLC boosted its position in Fidus Investment by 10.4% during the third quarter. Cornerstone Wealth Management LLC now owns 19,437 shares of the asset manager’s stock worth $381,000 after purchasing an additional 1,838 shares during the period. Institutional investors and hedge funds own 28.14% of the company’s stock.

Fidus Investment Price Performance

NASDAQ FDUS traded up $0.18 on Friday, hitting $22.61. 237,474 shares of the company were exchanged, compared to its average volume of 155,532. The company’s 50 day moving average price is $21.27 and its 200-day moving average price is $20.26. The firm has a market capitalization of $766.82 million, a P/E ratio of 8.08 and a beta of 1.39. Fidus Investment has a twelve month low of $18.41 and a twelve month high of $22.70.

Fidus Investment (NASDAQ:FDUS) last posted its quarterly earnings data on Thursday, October 31st. The asset manager reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.04. The firm had revenue of $38.38 million for the quarter, compared to the consensus estimate of $36.43 million. Fidus Investment had a return on equity of 12.11% and a net margin of 60.09%. During the same quarter in the previous year, the company earned $0.68 EPS. As a group, equities analysts expect that Fidus Investment will post 2.28 EPS for the current year.

Fidus Investment Company Profile

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.