Fidus Investment Co. (NASDAQ:FDUS) Short Interest Update

Fidus Investment Co. (NASDAQ:FDUS) saw a significant growth in short interest in the month of June. As of June 15th, there was short interest totalling 282,600 shares, a growth of 23.3% from the May 31st total of 229,200 shares. Based on an average daily trading volume, of 248,900 shares, the days-to-cover ratio is presently 1.1 days. Approximately 0.9% of the company’s stock are short sold.

Institutional Investors Weigh In On Fidus Investment

Several institutional investors have recently bought and sold shares of FDUS. Janney Montgomery Scott LLC increased its position in shares of Fidus Investment by 1.3% in the first quarter. Janney Montgomery Scott LLC now owns 39,429 shares of the asset manager’s stock valued at $778,000 after acquiring an additional 500 shares during the last quarter. Spire Wealth Management increased its position in shares of Fidus Investment by 35.3% during the 4th quarter. Spire Wealth Management now owns 2,351 shares of the asset manager’s stock worth $46,000 after purchasing an additional 613 shares during the last quarter. Sound Income Strategies LLC raised its stake in shares of Fidus Investment by 8.7% during the 1st quarter. Sound Income Strategies LLC now owns 8,974 shares of the asset manager’s stock worth $177,000 after purchasing an additional 721 shares in the last quarter. Kingfisher Capital LLC boosted its holdings in shares of Fidus Investment by 3.8% in the 3rd quarter. Kingfisher Capital LLC now owns 26,572 shares of the asset manager’s stock valued at $510,000 after buying an additional 966 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC grew its stake in shares of Fidus Investment by 5.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 21,923 shares of the asset manager’s stock valued at $432,000 after buying an additional 1,037 shares in the last quarter. Institutional investors own 28.14% of the company’s stock.

Fidus Investment Trading Up 1.0 %

Shares of FDUS stock traded up $0.19 during trading hours on Tuesday, hitting $19.67. 121,350 shares of the company were exchanged, compared to its average volume of 270,478. Fidus Investment has a 52 week low of $17.63 and a 52 week high of $21.25. The business has a 50 day moving average of $19.91 and a two-hundred day moving average of $19.70. The company has a market capitalization of $620.59 million, a PE ratio of 6.69 and a beta of 1.40.

Fidus Investment (NASDAQ:FDUS) last released its earnings results on Thursday, May 2nd. The asset manager reported $0.59 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.59. Fidus Investment had a return on equity of 12.69% and a net margin of 60.25%. The firm had revenue of $34.65 million during the quarter, compared to analysts’ expectations of $34.46 million. On average, research analysts forecast that Fidus Investment will post 2.28 EPS for the current year.

Fidus Investment Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 26th. Investors of record on Wednesday, June 19th were given a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 8.74%. The ex-dividend date of this dividend was Tuesday, June 18th. Fidus Investment’s dividend payout ratio is presently 59.11%.

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.