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

Fidus Investment Co. (NASDAQ:FDUSGet Rating) was the recipient of a large decline in short interest in April. As of April 15th, there was short interest totalling 140,600 shares, a decline of 18.8% from the March 31st total of 173,200 shares. Approximately 0.6% of the company’s stock are short sold. Based on an average daily trading volume, of 108,000 shares, the days-to-cover ratio is currently 1.3 days.

Fidus Investment stock opened at $19.55 on Tuesday. The stock has a market cap of $487.53 million, a P/E ratio of 4.12 and a beta of 1.63. Fidus Investment has a twelve month low of $16.09 and a twelve month high of $21.15. The company’s 50-day moving average price is $19.77 and its two-hundred day moving average price is $18.55.

Fidus Investment (NASDAQ:FDUSGet Rating) last released its quarterly earnings results on Thursday, March 3rd. The asset manager reported $0.49 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.14. The firm had revenue of $24.10 million for the quarter, compared to analysts’ expectations of $20.41 million. Fidus Investment had a net margin of 128.37% and a return on equity of 9.73%. During the same period in the prior year, the firm earned $0.44 EPS. As a group, equities analysts forecast that Fidus Investment will post 1.63 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, March 25th. Shareholders of record on Friday, March 11th were given a dividend of $0.36 per share. The ex-dividend date of this dividend was Thursday, March 10th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 7.37%. Fidus Investment’s payout ratio is presently 30.32%.

Large investors have recently made changes to their positions in the business. Deutsche Bank AG acquired a new position in shares of Fidus Investment during the 3rd quarter worth approximately $26,000. Chilton Capital Management LLC acquired a new stake in shares of Fidus Investment during the 4th quarter worth approximately $32,000. Evolution Wealth Advisors LLC acquired a new stake in shares of Fidus Investment during the 3rd quarter worth approximately $50,000. Comprehensive Financial Consultants Institutional Inc. acquired a new stake in shares of Fidus Investment during the 4th quarter worth approximately $84,000. Finally, GPS Wealth Strategies Group LLC boosted its position in shares of Fidus Investment by 23.4% during the 1st quarter. GPS Wealth Strategies Group LLC now owns 4,820 shares of the asset manager’s stock worth $97,000 after acquiring an additional 913 shares in the last quarter.

A number of equities research analysts have recently issued reports on the stock. B. Riley upped their target price on shares of Fidus Investment from $19.50 to $21.50 in a report on Monday, March 7th. Raymond James upped their target price on shares of Fidus Investment from $19.50 to $21.50 and gave the company an “outperform” rating in a report on Monday, March 7th. Zacks Investment Research cut shares of Fidus Investment from a “hold” rating to a “sell” rating in a report on Wednesday, January 5th. Hovde Group cut shares of Fidus Investment from an “outperform” rating to a “market perform” rating in a report on Wednesday, March 23rd. Finally, StockNews.com assumed coverage on shares of Fidus Investment in a report on Thursday, March 31st. They issued a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $19.70.

About Fidus Investment (Get Rating)

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.

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