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

Fidus Investment Co. (NASDAQ:FDUS) saw a significant growth in short interest in 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 short-interest ratio is currently 1.1 days. Currently, 0.9% of the shares of the stock are short sold.

Institutional Investors Weigh In On Fidus Investment

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. EntryPoint Capital LLC purchased a new stake in Fidus Investment during the first quarter valued at approximately $45,000. Spire Wealth Management grew its stake in shares of Fidus Investment by 35.3% during the fourth quarter. Spire Wealth Management now owns 2,351 shares of the asset manager’s stock valued at $46,000 after buying an additional 613 shares during the last quarter. MeadowBrook Investment Advisors LLC bought a new position in shares of Fidus Investment during the fourth quarter valued at approximately $57,000. First Horizon Advisors Inc. bought a new position in shares of Fidus Investment during the fourth quarter valued at approximately $69,000. Finally, EverSource Wealth Advisors LLC bought a new position in shares of Fidus Investment during the first quarter valued at approximately $73,000. 28.14% of the stock is currently owned by hedge funds and other institutional investors.

Fidus Investment Trading Up 1.0 %

Shares of NASDAQ:FDUS traded up $0.19 during mid-day trading on Tuesday, reaching $19.67. The stock had a trading volume of 121,350 shares, compared to its average volume of 270,478. The company has a market cap of $620.59 million, a P/E ratio of 6.76 and a beta of 1.40. Fidus Investment has a 1 year low of $17.63 and a 1 year high of $21.25. The business’s 50 day moving average price is $19.89 and its 200 day moving average price is $19.70.

Fidus Investment (NASDAQ:FDUS) last issued its quarterly earnings data on Thursday, May 2nd. The asset manager reported $0.59 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.59. Fidus Investment had a return on equity of 12.69% and a net margin of 60.25%. The business had revenue of $34.65 million for the quarter, compared to the consensus estimate of $34.46 million. Analysts predict that Fidus Investment will post 2.28 earnings per share for the current fiscal year.

Fidus Investment Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 26th. Shareholders of record on Wednesday, June 19th were given a dividend of $0.43 per share. The ex-dividend date was Tuesday, June 18th. This represents a $1.72 dividend on an annualized basis and a yield of 8.74%. Fidus Investment’s dividend payout ratio (DPR) 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.