Fidus Investment Co. (NASDAQ:FDUS) Sees Significant Increase in Short Interest

Fidus Investment Co. (NASDAQ:FDUS) saw a significant increase in short interest during the month of June. As of June 15th, there was short interest totalling 282,600 shares, an increase of 23.3% from the May 31st total of 229,200 shares. Approximately 0.9% of the shares of the company are short sold. Based on an average daily volume of 248,900 shares, the short-interest ratio is presently 1.1 days.

Institutional Investors Weigh In On Fidus Investment

Hedge funds and other institutional investors have recently modified their holdings of the stock. Campbell & CO Investment Adviser LLC boosted its holdings in Fidus Investment by 250.8% in the 4th quarter. Campbell & CO Investment Adviser LLC now owns 92,213 shares of the asset manager’s stock valued at $1,816,000 after purchasing an additional 65,924 shares during the period. GraniteShares Advisors LLC bought a new position in Fidus Investment during the fourth quarter valued at about $1,475,000. Trexquant Investment LP increased its stake in Fidus Investment by 191.7% during the fourth quarter. Trexquant Investment LP now owns 76,795 shares of the asset manager’s stock valued at $1,512,000 after acquiring an additional 50,469 shares during the period. Cornerstone Wealth Management LLC acquired a new position in Fidus Investment in the 4th quarter valued at approximately $222,000. Finally, Spire Wealth Management lifted its position in shares of Fidus Investment by 35.3% in the 4th quarter. Spire Wealth Management now owns 2,351 shares of the asset manager’s stock worth $46,000 after acquiring an additional 613 shares during the period. Institutional investors and hedge funds own 28.14% of the company’s stock.

Fidus Investment Trading Up 1.0 %

FDUS traded up $0.19 during trading on Tuesday, hitting $19.67. The stock had a trading volume of 121,350 shares, compared to its average volume of 270,478. The firm has a market cap of $620.59 million, a PE ratio of 6.69 and a beta of 1.40. Fidus Investment has a 12 month low of $17.63 and a 12 month high of $21.25. The company has a 50 day simple moving average of $19.91 and a 200-day simple moving average of $19.70.

Fidus Investment (NASDAQ:FDUS) last posted its quarterly earnings data on Thursday, May 2nd. The asset manager reported $0.59 EPS for the quarter, hitting 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 analyst estimates of $34.46 million. As a group, sell-side analysts anticipate that Fidus Investment will post 2.28 earnings per share for the current fiscal year.

Fidus Investment Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 26th. Stockholders of record on Wednesday, June 19th were given a $0.43 dividend. The ex-dividend date was Tuesday, June 18th. This represents a $1.72 annualized dividend and a dividend yield of 8.74%. Fidus Investment’s dividend payout ratio is 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.