Fidus Investment Co. (NASDAQ:FDUS) Short Interest Decline Report

Fidus Investment Co. (NASDAQ:FDUS) experienced a notable reduction in short interest during March. As of March 15th, the total short interest stood at 225,500 shares, which marks a significant decline of 38.3% from the February 28th total of 365,400 shares. Given the average daily trading volume of 207,900 shares, the current days-to-cover ratio is 1.1 days. This indicates that about 0.7% of the company's shares are currently sold short.

Recent Analyst Ratings

In other news, research firm LADENBURG THALM/SH SH adjusted their rating on Fidus Investment, lowering it from a "strong-buy" to a "hold" on March 7th.

Fidus Investment Stock Performance

On Friday, shares of FDUS traded down by $0.14 during market hours, reaching a price of $20.56. A total of 275,312 shares exchanged hands, which is slightly above its average trading volume of 214,734 shares. Fidus Investment's fifty-day moving average price is $22.15, with a 200-day moving average at $20.97. The stock has seen a one-year low of $18.41 and a one-year high of $23.55. The company's market capitalization currently stands at $697.29 million, with a price-to-earnings ratio of 7.34 and a beta of 1.39.

Dividend Announcement

Fidus Investment recently declared a dividend which was paid on March 27th. Shareholders who were on record as of March 20th received a dividend of $0.11 per share, yielding approximately 7.4%. The ex-dividend date was also March 20th. The company's dividend payout ratio (DPR) is 71.37%.

Institutional Investor Activity

Various institutional investors have made adjustments to their stakes in Fidus Investment recently. For instance, Raymond James Financial Inc. acquired a new position in this stock during the fourth quarter, valued at around $20,539,000. Additionally, Van ECK Associates Corp increased its holdings by 1.2%, now owning 819,011 shares worth $17,215,000 after purchasing 9,600 additional shares. The firm Cetera Investment Advisers also raised its stake in Fidus Investment by 18.8%. Envestnet Asset Management Inc. increased its position by 20.2%, and Columbus Macro LLC bought a new stake in Fidus Investment. Currently, institutional investors and hedge funds own approximately 28.14% of the company's stock.

About Fidus Investment Co.

Fidus Investment Corporation is a business development company. The firm specializes in various financial transactions, including leveraged buyouts, refinancing, and strategic acquisitions, targeting lower middle-market investments and providing debt and equity solutions.

Fidus, Finance, Stocks