Fidus Investment Corporation (NASDAQ:FDUS) Short Interest Up 36.0% in March
by Mitch Edgeman · The Markets DailyFidus Investment Corporation (NASDAQ:FDUS – Get Free Report) was the recipient of a large growth in short interest during the month of March. As of March 31st, there was short interest totaling 682,548 shares, a growth of 36.0% from the March 15th total of 501,725 shares. Based on an average trading volume of 409,349 shares, the days-to-cover ratio is presently 1.7 days. Currently, 1.8% of the company’s stock are sold short.
Fidus Investment Trading Down 1.0%
NASDAQ FDUS traded down $0.18 during trading hours on Thursday, reaching $18.55. 240,053 shares of the company traded hands, compared to its average volume of 302,790. Fidus Investment has a 12 month low of $16.86 and a 12 month high of $22.09. The stock has a market capitalization of $703.97 million, a PE ratio of 7.93 and a beta of 0.69. The company has a 50 day moving average of $18.11 and a two-hundred day moving average of $19.20.
Fidus Investment (NASDAQ:FDUS – Get Free Report) last posted its quarterly earnings results on Thursday, February 26th. The asset manager reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.04. Fidus Investment had a net margin of 52.87% and a return on equity of 10.71%. The company had revenue of $32.73 million for the quarter, compared to the consensus estimate of $39.46 million. On average, equities research analysts anticipate that Fidus Investment will post 2.28 earnings per share for the current year.
Fidus Investment Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, March 30th. Stockholders of record on Friday, March 20th were given a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 9.3%. The ex-dividend date was Friday, March 20th. Fidus Investment’s dividend payout ratio (DPR) is presently 73.50%.
Wall Street Analyst Weigh In
A number of research analysts have commented on the stock. Keefe, Bruyette & Woods reduced their price objective on shares of Fidus Investment from $20.00 to $19.50 and set an “outperform” rating on the stock in a research note on Thursday. Weiss Ratings reiterated a “hold (c)” rating on shares of Fidus Investment in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $21.00.
Get Our Latest Analysis on Fidus Investment
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the business. Van ECK Associates Corp lifted its position in shares of Fidus Investment by 6.7% in the 3rd quarter. Van ECK Associates Corp now owns 903,443 shares of the asset manager’s stock worth $18,304,000 after buying an additional 56,449 shares during the last quarter. Cetera Investment Advisers lifted its position in shares of Fidus Investment by 15.9% in the 4th quarter. Cetera Investment Advisers now owns 523,659 shares of the asset manager’s stock worth $10,107,000 after buying an additional 71,723 shares during the last quarter. Invesco Ltd. lifted its position in shares of Fidus Investment by 11.5% in the 3rd quarter. Invesco Ltd. now owns 497,921 shares of the asset manager’s stock worth $10,088,000 after buying an additional 51,218 shares during the last quarter. Columbus Macro LLC lifted its position in shares of Fidus Investment by 21.0% in the 4th quarter. Columbus Macro LLC now owns 485,780 shares of the asset manager’s stock worth $9,376,000 after buying an additional 84,320 shares during the last quarter. Finally, UBS Group AG lifted its position in shares of Fidus Investment by 17.1% in the 4th quarter. UBS Group AG now owns 439,945 shares of the asset manager’s stock worth $8,491,000 after buying an additional 64,209 shares during the last quarter. 28.14% of the stock is currently owned by institutional investors.
About Fidus Investment
Fidus Investment Corporation (NASDAQ: FDUS) is a closed-end, externally managed business development company (BDC) that provides specialized financing solutions to U.S. middle-market companies. Operated by Fidus Investment Advisors, LLC, a registered investment adviser, the company is regulated under the Investment Company Act of 1940 and trades on the Nasdaq Capital Market.
The firm focuses on structuring senior secured and unitranche loans, mezzanine debt and equity investments for established businesses across a range of industries.