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

Fidus Investment Co. (NASDAQ:FDUS - Get Free Report) was the recipient of a significant increase in short interest in 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. Based on an average daily volume of 177,900 shares, the days-to-cover ratio is presently 1.5 days. Approximately 0.8% of the company's stock are sold short.

Institutional Trading of Fidus Investment

Hedge funds have recently made changes to their positions in the business. Transce3nd LLC acquired a new stake in shares of Fidus Investment in the fourth quarter valued at approximately $32,000. Promus Capital LLC acquired a new stake in shares of Fidus Investment in the fourth quarter valued at approximately $43,000. McIlrath & Eck LLC acquired a new stake in shares of Fidus Investment in the third quarter valued at approximately $59,000. Millstone Evans Group LLC acquired a new stake in shares of Fidus Investment in the fourth quarter valued at approximately $77,000. Finally, Farther Finance Advisors LLC lifted its position in shares of Fidus Investment by 23.6% in the third quarter. Farther Finance Advisors LLC now owns 7,467 shares of the asset manager's stock valued at $146,000 after buying an additional 1,426 shares during the last quarter. 28.14% of the stock is owned by institutional investors and hedge funds.

Fidus Investment Price Performance

FDUS stock traded up $0.28 during mid-day trading on Friday, reaching $22.09. The company had a trading volume of 299,515 shares, compared to its average volume of 221,982. The stock has a 50 day simple moving average of $22.16 and a two-hundred day simple moving average of $20.83. The company has a market capitalization of $749.18 million, a price-to-earnings ratio of 7.89 and a beta of 1.39. Fidus Investment has a 52 week low of $18.41 and a 52 week high of $23.55.

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Fidus Investment Dividend Announcement

The firm also recently disclosed a -- dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 20th will be given a $0.11 dividend. The ex-dividend date is Thursday, March 20th. This represents a dividend yield of 7.4%. 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.