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

Fidus Investment Co. (NASDAQ:FDUS) was the target of a large increase in short interest in the month of February. As of February 28th, there was short interest totalling 365,400 shares, an increase of 34.7% from the February 13th total of 271,200 shares. Approximately 1.1% of the company’s shares are short sold. Based on an average trading volume of 191,300 shares, the short-interest ratio is presently 1.9 days.

Institutional Trading of Fidus Investment

Large investors have recently modified their holdings of the business. Palogic Value Management L.P. grew its position in shares of Fidus Investment by 11.9% during the fourth quarter. Palogic Value Management L.P. now owns 63,822 shares of the asset manager’s stock worth $1,342,000 after buying an additional 6,804 shares in the last quarter. Cetera Investment Advisers boosted its stake in Fidus Investment by 18.8% during the 4th quarter. Cetera Investment Advisers now owns 303,421 shares of the asset manager’s stock valued at $6,378,000 after acquiring an additional 48,034 shares during the last quarter. Baird Financial Group Inc. acquired a new position in Fidus Investment in the fourth quarter worth about $4,072,000. Ameriprise Financial Inc. raised its position in shares of Fidus Investment by 8.7% during the 4th quarter. Ameriprise Financial Inc. now owns 96,101 shares of the asset manager’s stock valued at $2,020,000 after acquiring an additional 7,721 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in Fidus Investment by 17.5% during the fourth quarter. Northern Trust Corp now owns 21,255 shares of the asset manager’s stock worth $447,000 after purchasing an additional 3,165 shares during the last quarter. 28.14% of the stock is currently owned by institutional investors and hedge funds.

Fidus Investment Stock Up 1.6 %

Shares of NASDAQ FDUS traded up $0.34 during trading on Friday, reaching $21.23. 438,205 shares of the stock were exchanged, compared to its average volume of 215,001. The company has a market capitalization of $720.02 million, a price-to-earnings ratio of 7.58 and a beta of 1.39. The business’s 50-day moving average price is $22.21 and its 200 day moving average price is $20.92. Fidus Investment has a twelve month low of $18.41 and a twelve month high of $23.55.

Fidus Investment Announces Dividend

The company also recently disclosed a — dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 20th will be given a $0.11 dividend. The ex-dividend date of this dividend is Thursday, March 20th. This represents a yield of 7.4%. Fidus Investment’s payout ratio is currently 71.37%.

Analyst Ratings Changes

Separately, LADENBURG THALM/SH SH lowered shares of Fidus Investment from a “strong-buy” rating to a “hold” rating in a report on Friday, March 7th.

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.