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

Fidus Investment Co. (NASDAQ:FDUSGet Free Report) was the recipient of a significant decline in short interest in the month of January. As of January 31st, there was short interest totalling 147,600 shares, a decline of 43.8% from the January 15th total of 262,700 shares. Based on an average daily volume of 264,300 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.5% of the company’s shares are sold short.

Wall Street Analysts Forecast Growth

Separately, B. Riley downgraded Fidus Investment from a “buy” rating to a “neutral” rating and set a $22.00 price objective for the company. in a report on Monday, January 8th.

Get Our Latest Research Report on FDUS

Institutional Trading of Fidus Investment

Hedge funds and other institutional investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC boosted its holdings in Fidus Investment by 80.9% during the 1st quarter. Tower Research Capital LLC TRC now owns 1,623 shares of the asset manager’s stock valued at $31,000 after acquiring an additional 726 shares during the period. Spire Wealth Management boosted its holdings in Fidus Investment by 35.3% during the 4th quarter. Spire Wealth Management now owns 2,351 shares of the asset manager’s stock valued at $46,000 after acquiring an additional 613 shares during the period. JPMorgan Chase & Co. purchased a new position in Fidus Investment during the 2nd quarter valued at about $50,000. MeadowBrook Investment Advisors LLC purchased a new position in Fidus Investment during the 4th quarter valued at about $57,000. Finally, RFP Financial Group LLC purchased a new position in Fidus Investment during the 2nd quarter valued at about $58,000. 19.01% of the stock is owned by institutional investors and hedge funds.

Fidus Investment Stock Performance

Shares of NASDAQ:FDUS traded up $0.24 during midday trading on Monday, reaching $19.25. 149,373 shares of the company’s stock traded hands, compared to its average volume of 215,996. The company has a fifty day simple moving average of $19.65 and a two-hundred day simple moving average of $19.35. Fidus Investment has a 1 year low of $17.63 and a 1 year high of $21.25. The company has a market cap of $547.66 million, a P/E ratio of 8.91 and a beta of 1.41.

Fidus Investment Company Profile

(Get Free Report)

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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