Fidus Investment Co. (NASDAQ:FDUS) Short Interest Up 6.0% in August


Fidus Investment Co. (NASDAQ: FDUS – Get a rating) recorded a sharp increase in short-term interest in August. As of August 31, there was selling interest totaling 142,900 shares, an increase of 6.0% from the total of 134,800 shares as of August 15. Approximately 0.6% of the company’s shares are sold short. Based on an average daily trading volume of 87,900 shares, the short-term interest rate ratio is currently 1.6 days.

Institutional negotiation of Fidus Investment

Institutional investors and hedge funds have recently changed their stakes in the company. Meeder Asset Management Inc. purchased a new equity stake in Fidus Investment in Q1 worth $30,000. Chilton Capital Management LLC bought a new stake in shares of Fidus Investment in the 4th quarter at a value of $32,000. JPMorgan Chase & Co. bought a new equity stake in Fidus Investment in Q2 for $50,000. Comprehensive Financial Consultants Institutional Inc. bought a new stake in shares of Fidus Investment in the 4th quarter at a value of $84,000. Finally, GPS Wealth Strategies Group LLC increased its stake in Fidus Investment shares by 23.4% in the 1st quarter. GPS Wealth Strategies Group LLC now owns 4,820 shares of the asset manager worth $97,000 after buying 913 additional shares in the last quarter.

Analyst upgrades and downgrades

Separately, Keefe, Bruyette & Woods downgraded Fidus Investment from an “outperform” rating to a “market performance” rating and reduced their price target for the company from $22.00 to $19.50 in a Monday, July 11 research report. Three research analysts gave the stock a hold rating and two gave the company’s stock a buy rating. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $20.38.

Fidus investment stock down 1.4%

Shares of Fidus Investment were down $0.26 on Tuesday, hitting $18.05. The company’s shares had a trading volume of 2,971 shares, compared to an average trading volume of 73,787. The company has a market capitalization of $441.14 million, a price-to-earnings ratio of 4.54 and a beta of 1.54. The company’s fifty-day simple moving average is $19.37 and its two-hundred-day simple moving average is $19.34. Fidus Investment has a 52 week minimum of $16.40 and a 52 week maximum of $21.15.

Announcement of the Fidus Investment dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 16. Shareholders of record on Friday, December 2 will receive a dividend of $0.36. This represents a dividend of $1.44 on an annualized basis and a dividend yield of 7.98%. The posting date is Thursday, December 1. The distribution rate of Fidus Investment is 35.73%.

About Fidus Investment

(Get a rating)

Fidus Investment Corporation is a business development company. She specializes in leveraged buyouts, refinancings, change of ownership transactions, recapitalizations, strategic acquisitions, mezzanine, growth capital, business expansion, lower middle market investments, in debt, subordinated and second lien loans, senior secured and unitranche debt, preferred shares, warrants, subordinated debt, subordinated first lien bonds, junior secured loans and unitranche loans.

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