Fidus Investment Corporation (NASDAQ:FDUS) Sees Significant Decrease in Short Interest

Fidus Investment Corporation (NASDAQ:FDUS) saw a significant decrease in short interest in the month of October. As of October 15th, there was short interest totaling 314,600 shares, a decrease of 29.4% from the September 30th total of 445,300 shares. Based on an average daily volume of 213,000 shares, the days-to-cover ratio is currently 1.5 days. Approximately 0.9% of the company’s stock are short sold. Approximately 0.9% of the company’s stock are short sold. Based on an average daily volume of 213,000 shares, the days-to-cover ratio is currently 1.5 days.

Wall Street Analyst Weigh In

FDUS has been the topic of a number of research reports. Keefe, Bruyette & Woods raised Fidus Investment from a “market perform” rating to an “outperform” rating and set a $21.50 target price on the stock in a research report on Monday, October 6th. LADENBURG THALM/SH SH raised Fidus Investment to a “strong-buy” rating in a research report on Wednesday, August 13th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Fidus Investment in a research report on Tuesday, October 14th. Finally, B. Riley lowered Fidus Investment from a “buy” rating to a “neutral” rating and upped their target price for the stock from $22.00 to $22.50 in a research report on Wednesday, August 13th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $22.00.

Institutional Investors Weigh In On Fidus Investment

Several large investors have recently made changes to their positions in FDUS. Wealth Enhancement Advisory Services LLC increased its position in shares of Fidus Investment by 36.0% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 18,045 shares of the asset manager’s stock valued at $368,000 after purchasing an additional 4,778 shares during the last quarter. D.A. Davidson & CO. increased its position in shares of Fidus Investment by 42.5% during the 1st quarter. D.A. Davidson & CO. now owns 44,727 shares of the asset manager’s stock valued at $912,000 after purchasing an additional 13,344 shares during the last quarter. Capital Investment Advisory Services LLC increased its position in shares of Fidus Investment by 13.0% during the 1st quarter. Capital Investment Advisory Services LLC now owns 74,163 shares of the asset manager’s stock valued at $1,512,000 after purchasing an additional 8,532 shares during the last quarter. Envestnet Asset Management Inc. increased its position in shares of Fidus Investment by 7.8% during the 1st quarter. Envestnet Asset Management Inc. now owns 324,277 shares of the asset manager’s stock valued at $6,612,000 after purchasing an additional 23,478 shares during the last quarter. Finally, Stratos Wealth Partners LTD. increased its position in shares of Fidus Investment by 28.8% during the 1st quarter. Stratos Wealth Partners LTD. now owns 16,200 shares of the asset manager’s stock valued at $330,000 after purchasing an additional 3,626 shares during the last quarter. 28.14% of the stock is owned by hedge funds and other institutional investors.

Fidus Investment Stock Up 0.3%

NASDAQ FDUS traded up $0.06 on Monday, reaching $20.60. The company had a trading volume of 118,247 shares, compared to its average volume of 205,772. The stock has a market capitalization of $728.83 million, a P/E ratio of 8.92 and a beta of 0.88. The company’s fifty day moving average is $20.69 and its 200 day moving average is $20.45. Fidus Investment has a 52-week low of $16.70 and a 52-week high of $23.55.

Fidus Investment (NASDAQ:FDUS) last announced its earnings results on Thursday, August 7th. The asset manager reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.04. Fidus Investment had a return on equity of 11.52% and a net margin of 51.88%.The firm had revenue of $39.97 million during the quarter, compared to analyst estimates of $37.42 million. On average, research analysts expect that Fidus Investment will post 2.28 EPS for the current year.

Fidus Investment Company Profile

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.