Fidus Investment Co. (NASDAQ:FDUS) Short Interest Down 47.1% in March

Fidus Investment Co. (NASDAQ:FDUS) saw a large decline in short interest in March. As of March 31st, there was short interest totalling 119,300 shares, a decline of 47.1% from the March 15th total of 225,500 shares. Based on an average trading volume of 238,600 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.4% of the company’s shares are short sold.

Fidus Investment Trading Up 0.4 %

NASDAQ FDUS traded up $0.07 during trading hours on Wednesday, hitting $18.42. The company’s stock had a trading volume of 45,729 shares, compared to its average volume of 222,070. The company’s 50-day simple moving average is $21.15 and its two-hundred day simple moving average is $20.86. The company has a market capitalization of $639.76 million, a PE ratio of 6.58 and a beta of 1.10. Fidus Investment has a 52 week low of $16.70 and a 52 week high of $23.55.

Fidus Investment Announces Dividend

The business also recently declared a — dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 20th were issued a dividend of $0.11 per share. The ex-dividend date was Thursday, March 20th. This represents a yield of 7.4%. Fidus Investment’s dividend payout ratio (DPR) is currently 71.37%.

Analysts Set New Price Targets

FDUS has been the topic of several research reports. Keefe, Bruyette & Woods dropped their price objective on shares of Fidus Investment from $21.00 to $20.00 and set a “market perform” rating on the stock in a report on Tuesday, April 8th. LADENBURG THALM/SH SH cut Fidus Investment from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 7th.

Hedge Funds Weigh In On Fidus Investment

Several large investors have recently bought and sold shares of the stock. Franklin Resources Inc. lifted its position in shares of Fidus Investment by 37.0% during the third quarter. Franklin Resources Inc. now owns 116,472 shares of the asset manager’s stock valued at $2,269,000 after purchasing an additional 31,426 shares in the last quarter. HighTower Advisors LLC grew its holdings in shares of Fidus Investment by 164.5% in 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 in the last quarter. PNC Financial Services Group Inc. increased its position in shares of Fidus Investment by 3,378.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 26,090 shares of the asset manager’s stock valued at $548,000 after acquiring an additional 25,340 shares during the last quarter. Sage Investment Counsel LLC bought a new stake in Fidus Investment during the fourth quarter worth $253,000. Finally, Raymond James Financial Inc. purchased a new position in Fidus Investment in the fourth quarter worth $20,539,000. 28.14% of the stock is currently owned by institutional investors.

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.