Fidus Investment Co. (NASDAQ:FDUS) Sees Significant Growth in Short Interest

Fidus Investment Co. (NASDAQ:FDUS) was the target of a large increase in short interest in the month of February. As of February 15th, there was short interest totalling 271,200 shares, an increase of 25.7% from the January 31st total of 215,700 shares. Approximately 0.8% of the company’s shares are short sold. Based on an average trading volume of 177,900 shares, the short-interest ratio is currently 1.5 days.

Fidus Investment Trading Down 1.8 %

Shares of Fidus Investment stock opened at $21.81 on Friday. The company has a fifty day moving average price of $22.14 and a 200 day moving average price of $20.83. Fidus Investment has a twelve month low of $18.41 and a twelve month high of $23.55. The stock has a market cap of $739.69 million, a price-to-earnings ratio of 7.79 and a beta of 1.39.

Fidus Investment Announces Dividend

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 dividend of $0.11 per share. This represents a yield of 7.4%. The ex-dividend date is Thursday, March 20th. Fidus Investment’s payout ratio is 61.43%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of FDUS. Transce3nd LLC bought a new stake in shares of Fidus Investment in the fourth quarter worth $32,000. Promus Capital LLC acquired a new stake in shares of Fidus Investment during the 4th quarter worth approximately $43,000. McIlrath & Eck LLC bought a new stake in Fidus Investment in the third quarter valued at $59,000. Millstone Evans Group LLC acquired a new position in shares of Fidus Investment during the fourth quarter valued at $77,000. Finally, Farther Finance Advisors LLC grew its position in shares of Fidus Investment by 23.6% during the third quarter. Farther Finance Advisors LLC now owns 7,467 shares of the asset manager’s stock worth $146,000 after acquiring an additional 1,426 shares during the last quarter. Hedge funds and other institutional investors own 28.14% of the company’s stock.

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.