Fidus Investment Co. (NASDAQ:FDUS) Short Interest Down 47.1% in March

Fidus Investment Co. (NASDAQ:FDUS - Get Free Report) was the target of a large drop in short interest in the month of March. As of March 31st, there was short interest totalling 119,300 shares, a drop of 47.1% from the March 15th total of 225,500 shares. Based on an average trading volume of 238,600 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.4% of the company's stock are sold short.

Institutional Investors Weigh In On Fidus Investment

A number of hedge funds and other institutional investors have recently made changes to their positions in FDUS. ORG Partners LLC acquired a new stake in shares of Fidus Investment during the 1st quarter valued at about $29,000. Transce3nd LLC acquired a new position in shares of Fidus Investment during the fourth quarter valued at approximately $32,000. Promus Capital LLC acquired a new stake in shares of Fidus Investment in the fourth quarter worth approximately $43,000. McIlrath & Eck LLC acquired a new position in Fidus Investment in the 3rd quarter valued at $59,000. Finally, Millstone Evans Group LLC purchased a new stake in shares of Fidus Investment during the fourth quarter worth $77,000. Institutional investors and hedge funds own 28.14% of the company's stock.

Fidus Investment Price Performance

NASDAQ:FDUS traded down $0.40 during midday trading on Monday, hitting $18.15. The company's stock had a trading volume of 163,071 shares, compared to its average volume of 223,743. Fidus Investment has a fifty-two week low of $16.70 and a fifty-two week high of $23.55. The firm's 50 day moving average is $20.90 and its 200-day moving average is $20.85. The firm has a market cap of $630.39 million, a P/E ratio of 6.48 and a beta of 1.10.

Fidus Investment Announces Dividend

The business also recently announced a -- dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 20th were issued a dividend of $0.11 per share. This represents a yield of 7.4%. The ex-dividend date of this dividend was Thursday, March 20th. Fidus Investment's dividend payout ratio (DPR) is 71.37%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. LADENBURG THALM/SH SH lowered shares of Fidus Investment from a "strong-buy" rating to a "hold" rating in a research note on Friday, March 7th. Keefe, Bruyette & Woods decreased their price objective on shares of Fidus Investment from $21.00 to $20.00 and set a "market perform" rating for the company in a research report on Tuesday, April 8th.

About Fidus Investment

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.