Fidus Investment Co. (NASDAQ:FDUS) Short Interest Down 38.3% in March

Fidus Investment Co. (NASDAQ:FDUS - Get Free Report) was the target of a significant decline in short interest in March. As of March 15th, there was short interest totalling 225,500 shares, a decline of 38.3% from the February 28th total of 365,400 shares. Currently, 0.7% of the company's shares are short sold. Based on an average daily trading volume, of 207,900 shares, the days-to-cover ratio is presently 1.1 days.

Wall Street Analyst Weigh In

Separately, LADENBURG THALM/SH SH downgraded shares of Fidus Investment from a "strong-buy" rating to a "hold" rating in a research note on Friday, March 7th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of FDUS. Transce3nd LLC purchased a new stake in Fidus Investment in the fourth quarter valued at approximately $32,000. Promus Capital LLC acquired a new position in shares of Fidus Investment in the 4th quarter valued at $43,000. McIlrath & Eck LLC acquired a new stake in shares of Fidus Investment during the 3rd quarter worth $59,000. Millstone Evans Group LLC acquired a new stake in shares of Fidus Investment during the 4th quarter worth $77,000. Finally, Private Advisor Group LLC purchased a new position in shares of Fidus Investment in the 4th quarter worth $203,000. Institutional investors and hedge funds own 28.14% of the company's stock.

Fidus Investment Stock Down 0.7 %

Shares of FDUS stock traded down $0.14 during mid-day trading on Wednesday, hitting $20.51. 221,672 shares of the company's stock were exchanged, compared to its average volume of 215,189. The stock has a market cap of $695.60 million, a price-to-earnings ratio of 7.33 and a beta of 1.39. Fidus Investment has a fifty-two week low of $18.41 and a fifty-two week high of $23.55. The stock has a 50-day simple moving average of $22.07 and a two-hundred day simple moving average of $20.98.

Fidus Investment Dividend Announcement

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

About Fidus Investment

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.