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

Fidus Investment Co. (NASDAQ:FDUS - Get Free Report) saw a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 365,400 shares, a growth of 34.7% from the February 13th total of 271,200 shares. Based on an average daily volume of 191,300 shares, the days-to-cover ratio is currently 1.9 days. Currently, 1.1% of the shares of the company are sold short.

Fidus Investment Stock Down 0.6 %

FDUS traded down $0.13 during trading hours on Thursday, hitting $20.46. The stock had a trading volume of 253,724 shares, compared to its average volume of 215,046. The stock has a market cap of $693.80 million, a PE ratio of 7.32 and a beta of 1.39. Fidus Investment has a 1 year low of $18.41 and a 1 year high of $23.55. The company's fifty day simple moving average is $22.22 and its 200 day simple moving average is $20.93.

Fidus Investment Dividend Announcement

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

Institutional Trading of Fidus Investment

Institutional investors have recently modified their holdings of the business. Sumitomo Mitsui Trust Group Inc. raised its holdings in Fidus Investment by 8.1% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 71,008 shares of the asset manager's stock valued at $1,392,000 after acquiring an additional 5,302 shares during the period. Muzinich & Co. Inc. raised its stake in shares of Fidus Investment by 7.9% during the 3rd quarter. Muzinich & Co. Inc. now owns 72,643 shares of the asset manager's stock valued at $1,424,000 after purchasing an additional 5,302 shares during the period. Advisors Asset Management Inc. lifted its holdings in Fidus Investment by 9.4% during the 3rd quarter. Advisors Asset Management Inc. now owns 208,166 shares of the asset manager's stock worth $4,080,000 after purchasing an additional 17,929 shares in the last quarter. D.A. Davidson & CO. lifted its holdings in Fidus Investment by 4.0% during the 3rd quarter. D.A. Davidson & CO. now owns 26,898 shares of the asset manager's stock worth $527,000 after purchasing an additional 1,031 shares in the last quarter. Finally, Paloma Partners Management Co bought a new position in Fidus Investment in the 3rd quarter worth about $268,000. 28.14% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

Separately, LADENBURG THALM/SH SH lowered Fidus Investment from a "strong-buy" rating to a "hold" rating in a report on Friday, March 7th.

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.