Fidus Investment Co. (NASDAQ:FDUS) Short Interest Down 22.2% in January

Fidus Investment Co. (NASDAQ:FDUS) saw a large drop in short interest during the month of January. As of January 15th, there was short interest totalling 158,700 shares, a drop of 22.2% from the December 31st total of 204,100 shares. Based on an average daily trading volume, of 209,600 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.5% of the shares of the company are sold short.

Fidus Investment Stock Performance

Shares of Fidus Investment stock traded up $0.18 during trading hours on Friday, reaching $22.61. The company’s stock had a trading volume of 237,474 shares, compared to its average volume of 155,532. The company’s 50 day simple moving average is $21.27 and its 200 day simple moving average is $20.26. Fidus Investment has a one year low of $18.41 and a one year high of $22.70. The stock has a market cap of $766.82 million, a P/E ratio of 8.08 and a beta of 1.39.

Fidus Investment (NASDAQ:FDUS) last posted its quarterly earnings results on Thursday, October 31st. The asset manager reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.04. The company had revenue of $38.38 million for the quarter, compared to the consensus estimate of $36.43 million. Fidus Investment had a net margin of 60.09% and a return on equity of 12.11%. During the same period last year, the firm posted $0.68 EPS. On average, sell-side analysts predict that Fidus Investment will post 2.28 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Fidus Investment

Several large investors have recently bought and sold shares of FDUS. McIlrath & Eck LLC acquired a new position in shares of Fidus Investment in the third quarter worth about $59,000. Farther Finance Advisors LLC boosted its holdings 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 worth $146,000 after buying an additional 1,426 shares during the period. Fiduciary Alliance LLC acquired a new position in shares of Fidus Investment in the fourth quarter worth about $274,000. Paloma Partners Management Co acquired a new stake in shares of Fidus Investment during the third quarter worth approximately $268,000. Finally, Plan Group Financial LLC purchased a new position in Fidus Investment during the fourth quarter valued at approximately $334,000. Institutional investors and hedge funds own 28.14% of the company’s stock.

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.