Short Interest in Fidus Investment Co. (NASDAQ:FDUS) Decreases By 47.1%

Fidus Investment Co. (NASDAQ:FDUS - Get Free Report) was the target of a significant drop in short interest during the month of March. As of March 31st, there was short interest totalling 119,300 shares, a drop of 47.1% from the March 15th total of 225,500 shares. Based on an average daily trading volume, of 238,600 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.4% of the shares of the company are sold short.

Fidus Investment Stock Up 1.7 %

Shares of NASDAQ FDUS traded up $0.31 during trading hours on Friday, reaching $18.55. 201,420 shares of the stock traded hands, compared to its average volume of 223,558. The company has a market capitalization of $644.28 million, a P/E ratio of 6.63 and a beta of 1.10. The company's 50-day simple moving average is $20.90 and its two-hundred day simple moving average is $20.83. Fidus Investment has a 52-week low of $16.70 and a 52-week high of $23.55.

Fidus Investment Dividend Announcement

The firm also recently disclosed a -- dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 20th were paid a $0.11 dividend. The ex-dividend date of this dividend was Thursday, March 20th. This represents a dividend yield of 7.4%. Fidus Investment's dividend payout ratio (DPR) is 71.37%.

Analyst Ratings Changes

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

Hedge Funds Weigh In On Fidus Investment

A number of large investors have recently added to or reduced their stakes in FDUS. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Fidus Investment by 8.2% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 13,267 shares of the asset manager's stock worth $279,000 after buying an additional 1,000 shares during the period. Truist Financial Corp increased its stake in Fidus Investment by 2.7% in the 4th quarter. Truist Financial Corp now owns 47,820 shares of the asset manager's stock worth $1,005,000 after purchasing an additional 1,261 shares during the period. Optimum Investment Advisors lifted its position in Fidus Investment by 8.3% in the fourth quarter. Optimum Investment Advisors now owns 18,755 shares of the asset manager's stock valued at $394,000 after purchasing an additional 1,430 shares during the last quarter. Transce3nd LLC purchased a new stake in shares of Fidus Investment during the fourth quarter valued at approximately $32,000. Finally, PFG Advisors grew its holdings in shares of Fidus Investment by 1.0% in the fourth quarter. PFG Advisors now owns 183,047 shares of the asset manager's stock worth $3,848,000 after purchasing an additional 1,875 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.