Fidus Investment Corp (NASDAQ:FDUS) was the target of a significant decrease in short interest in September. As of September 30th, there was short interest totalling 109,800 shares, a decrease of 29.3% from the September 15th total of 155,400 shares. Approximately 0.5% of the shares of the stock are sold short. Based on an average daily trading volume, of 139,400 shares, the days-to-cover ratio is presently 0.8 days.
Several institutional investors and hedge funds have recently made changes to their positions in FDUS. Legal & General Group Plc lifted its stake in shares of Fidus Investment by 5.2% in the 1st quarter. Legal & General Group Plc now owns 137,621 shares of the asset manager’s stock valued at $912,000 after acquiring an additional 6,807 shares during the last quarter. Two Sigma Advisers LP raised its position in Fidus Investment by 8.1% during the 1st quarter. Two Sigma Advisers LP now owns 113,213 shares of the asset manager’s stock worth $749,000 after purchasing an additional 8,500 shares during the last quarter. Advisors Asset Management Inc. raised its position in Fidus Investment by 9.8% during the 1st quarter. Advisors Asset Management Inc. now owns 245,614 shares of the asset manager’s stock worth $1,626,000 after purchasing an additional 21,962 shares during the last quarter. Tower Research Capital LLC TRC raised its position in Fidus Investment by 257.7% during the 1st quarter. Tower Research Capital LLC TRC now owns 3,802 shares of the asset manager’s stock worth $25,000 after purchasing an additional 2,739 shares during the last quarter. Finally, CAMG Solamere Management LLC bought a new position in Fidus Investment during the 1st quarter worth $250,000. Institutional investors own 26.22% of the company’s stock.
Shares of FDUS stock traded down $0.03 during trading hours on Friday, reaching $10.15. The company’s stock had a trading volume of 59,259 shares, compared to its average volume of 179,870. The firm’s 50 day simple moving average is $10.15 and its 200-day simple moving average is $9.16. The company has a market capitalization of $248.04 million, a price-to-earnings ratio of 16.37 and a beta of 1.73. Fidus Investment has a fifty-two week low of $4.45 and a fifty-two week high of $16.17.
The company also recently declared a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 11th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 11.82%. The ex-dividend date was Thursday, September 10th. Fidus Investment’s payout ratio is 83.33%.
A number of equities research analysts recently issued reports on FDUS shares. Zacks Investment Research downgraded Fidus Investment from a “buy” rating to a “hold” rating in a research report on Monday, October 12th. BidaskClub raised Fidus Investment from a “sell” rating to a “hold” rating in a report on Wednesday, August 12th. LADENBURG THALM/SH SH raised Fidus Investment from a “neutral” rating to a “buy” rating and set a $11.50 target price on the stock in a report on Monday, August 10th. Finally, ValuEngine downgraded Fidus Investment from a “sell” rating to a “strong sell” rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $12.30.
Fidus Investment Company Profile
Fidus Investment Corporation is a business development company 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.
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