Short Interest in Fidus Investment Co. (NASDAQ:FDUS) Drops By 22.2%

Fidus Investment Co. (NASDAQ:FDUS - Get Free Report) saw a large decline in short interest during the month of 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. Currently, 0.5% of the company's stock are sold short. Based on an average daily volume of 209,600 shares, the days-to-cover ratio is presently 0.8 days.

Fidus Investment Stock Down 0.1 %

Shares of FDUS traded down $0.03 during trading on Monday, reaching $22.58. The company's stock had a trading volume of 117,961 shares, compared to its average volume of 174,921. Fidus Investment has a twelve month low of $18.41 and a twelve month high of $22.70. The company has a market cap of $765.91 million, a price-to-earnings ratio of 8.06 and a beta of 1.39. The company has a fifty day moving average of $21.27 and a two-hundred day moving average of $20.27.

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

Hedge Funds Weigh In On Fidus Investment

A number of hedge funds have recently bought and sold shares of FDUS. Van ECK Associates Corp increased its holdings in shares of Fidus Investment by 1.2% in the 4th quarter. Van ECK Associates Corp now owns 819,011 shares of the asset manager's stock valued at $17,215,000 after acquiring an additional 9,600 shares during the last quarter. Columbus Macro LLC bought a new stake in Fidus Investment during the fourth quarter valued at $5,610,000. Cetera Investment Advisers raised its holdings in shares of 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. Envestnet Asset Management Inc. lifted its position in shares of Fidus Investment by 17.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 225,904 shares of the asset manager's stock worth $4,401,000 after buying an additional 33,474 shares during the last quarter. Finally, Advisors Asset Management Inc. boosted its holdings in shares of Fidus Investment by 9.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 208,166 shares of the asset manager's stock valued at $4,080,000 after buying an additional 17,929 shares during the period. 28.14% of the stock is currently owned by institutional investors and hedge funds.

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.