Short Interest in Fidus Investment Corp (NASDAQ:FDUS) Grows By 54.8%

Fidus Investment Corp (NASDAQ:FDUS) saw a large increase in short interest in July. As of July 31st, there was short interest totalling 140,900 shares, an increase of 54.8% from the June 30th total of 91,000 shares. Approximately 0.6% of the shares of the company are short sold. Based on an average trading volume of 93,400 shares, the days-to-cover ratio is currently 1.5 days.

FDUS stock traded up $0.11 during trading on Monday, reaching $14.81. The company had a trading volume of 125,933 shares, compared to its average volume of 101,164. Fidus Investment has a twelve month low of $11.48 and a twelve month high of $16.50. The business has a 50-day simple moving average of $15.86. The firm has a market cap of $359.14 million, a P/E ratio of 10.43 and a beta of 1.04.

Fidus Investment (NASDAQ:FDUS) last posted its earnings results on Thursday, August 1st. The asset manager reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.03). The firm had revenue of $18.07 million during the quarter, compared to analyst estimates of $19.36 million. Fidus Investment had a net margin of 52.70% and a return on equity of 9.14%. On average, analysts forecast that Fidus Investment will post 1.51 earnings per share for the current year.

A number of research analysts recently weighed in on FDUS shares. BidaskClub upgraded shares of Fidus Investment from a “sell” rating to a “hold” rating in a research note on Friday, August 2nd. Zacks Investment Research cut shares of Fidus Investment from a “hold” rating to a “sell” rating in a research report on Tuesday, August 6th. B. Riley began coverage on shares of Fidus Investment in a research report on Friday, June 21st. They set a “buy” rating and a $17.50 price target on the stock. Finally, LADENBURG THALM/SH SH cut shares of Fidus Investment from a “buy” rating to a “neutral” rating in a research report on Monday, August 5th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $17.75.

In other news, insider Shelby E. Sherard purchased 3,100 shares of the stock in a transaction that occurred on Thursday, August 8th. The shares were purchased at an average cost of $14.32 per share, for a total transaction of $44,392.00. Following the completion of the purchase, the insider now directly owns 18,960 shares of the company’s stock, valued at approximately $271,507.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Raymond L. Jr. Anstiss purchased 2,740 shares of the stock in a transaction that occurred on Monday, June 3rd. The shares were purchased at an average price of $15.94 per share, for a total transaction of $43,675.60. Following the completion of the purchase, the director now directly owns 6,260 shares of the company’s stock, valued at $99,784.40. The disclosure for this purchase can be found here. In the last quarter, insiders bought 6,840 shares of company stock valued at $102,718. Insiders own 1.30% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Bragg Financial Advisors Inc acquired a new stake in shares of Fidus Investment during the first quarter worth about $199,000. Mid Atlantic Financial Management Inc. ADV purchased a new stake in shares of Fidus Investment during the second quarter worth approximately $203,000. Prospera Financial Services Inc increased its stake in shares of Fidus Investment by 13.5% during the first quarter. Prospera Financial Services Inc now owns 15,921 shares of the asset manager’s stock worth $247,000 after buying an additional 1,893 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Fidus Investment by 10.9% during the second quarter. JPMorgan Chase & Co. now owns 18,281 shares of the asset manager’s stock worth $291,000 after buying an additional 1,790 shares during the period. Finally, Bank of Montreal Can purchased a new stake in shares of Fidus Investment during the first quarter worth approximately $337,000. 28.48% of the stock is currently owned by institutional investors.

Fidus Investment Company Profile

Fidus Investment Corporation is a business development company 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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