Fidus Investment Co. (NASDAQ:FDUS) saw a sharp increase in short interest during the month of December. As of December 31, there was short interest totaling 183,100 shares, an increase of 20.8% from the total of 151,600 shares as of December 15. Currently, 0.8% of the company’s shares are sold short. Based on an average daily volume of 67,500 shares, the short interest ratio is currently 2.7 days.
Institutional investors and hedge funds have recently increased or reduced their stake in the company. Morgan Stanley increased its position in Fidus Investment by 13.5% in the second quarter. Morgan Stanley now owns 377,857 shares of the asset manager valued at $6,424,000 after buying an additional 44,957 shares in the last quarter. BlackRock Inc. increased its stake in Fidus Investment by 22.9% during the 3rd quarter. BlackRock Inc. now owns 179,800 shares of the asset manager valued at $3,136,000 after buying an additional 33,521 shares in the last quarter. Mackenzie Financial Corp increased its stake in Fidus Investment by 15.8% during the third quarter. Mackenzie Financial Corp now owns 80,895 shares of the asset manager valued at $1,411,000 after buying an additional 11,014 shares in the last quarter. UBS Group AG increased its position in Fidus Investment by 1.4% in the third quarter. UBS Group AG now owns 60,715 shares of the asset manager valued at $1,059,000 after purchasing an additional 822 shares during the period. Finally, Advisory Research Inc. increased its stake in Fidus Investment by 2.8% in the third quarter. Advisory Research Inc. now owns 53,956 shares of the asset manager worth $941,000 after acquiring 1,474 additional shares in the last quarter. Hedge funds and other institutional investors hold 21.63% of the company’s shares.
Shares of NASDAQ FDUS opened at $18.16 on Wednesday. The stock has a market capitalization of $443.78 million, a P/E ratio of 4.67 and a beta of 1.81. Fidus Investment has a one-year low of $12.62 and a one-year high of $18.87. The company’s 50-day simple moving average is $17.87 and its two-hundred-day simple moving average is $17.62.
Fidus Investment Inc (NASDAQ:FDUS) last released its results on Thursday, November 4. The asset manager reported EPS of $0.40 for the quarter, beating Thomson Reuters consensus estimate of $0.37 by $0.03. The company posted revenue of $21.23 million for the quarter, versus analyst estimates of $20.14 million. Fidus Investment posted a net margin of 106.01% and a return on equity of 9.87%. In the same quarter last year, the company achieved EPS of $0.40. Sell-side analysts expect Fidus Investment to post 1.64 earnings per share for the current year.
The company also recently disclosed a dividend, which was paid on Saturday, January 1. Shareholders of record on Friday, December 3 received a dividend of $0.05 per share. This is a boost from Fidus Investment’s previous dividend of $0.04. The ex-dividend date was Thursday, December 2. The dividend payout ratio (DPR) of Fidus Investment is 32.90%.
Separately, Zacks Investment Research downgraded Fidus Investment shares from a “hold” rating to a “sell” rating in a Wednesday, January 5 research note. One analyst gave the stock a sell rating and four gave the company a buy rating. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $18.60.
Profile of the investment company Fidus
Fidus Investment Corporation is a business development firm specializing in leveraged buyouts, refinancings, change of ownership transactions, recapitalizations, strategic acquisitions, mezzanine, growth capital, business expansion, investments in the lower middle market, debt investments, subordinated and second lien loans, senior secured loans and unitranche debt, preferred shares, warrants, subordinated debt, senior subordinated notes, junior secured loans and loans unitranche.
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