Fidus Investment Co. (NASDAQ: FDUS – Get a rating) saw significant growth in short-term interest in October. As of October 15, there was short interest totaling 152,800 shares, a growth of 11.5% from the total of 137,100 shares as of September 30. Based on an average daily trading volume of 74,700 shares, the day-to-cover ratio is currently 2.0 days. Currently, 0.6% of the stock’s shares are sold short.
A Wall Street analyst gives his opinion
Several research analysts have weighed in on the stock. B. Riley kicked off Fidus Investment stock coverage in a research report on Friday, October 14. They set a “buy” rating and a target price of $18.00 on the stock. Keefe, Bruyette & Woods downgraded shares of Fidus Investment from an “outperforming” rating to a “market performance” rating and reduced their price target for the company from $22.00 to $19.50 in a report from Monday, July 11. To finish, StockNews.com launched a hedge on the shares of Fidus Investment in a report on Wednesday, October 12. They issued a “hold” rating on the stock. Three research analysts rated the stock with a hold rating and two gave the company’s stock a buy rating. Based on data from MarketBeat.com, Fidus Investment has a consensus rating of “Hold” and a consensus price target of $19.50.
Hedge funds weigh on Fidus’ investments
Major investors have recently been buying and selling stocks. CWM LLC bought a new position in Fidus Investment during the third quarter worth approximately $25,000. First Personal Financial Services acquired a new stake in the shares of Fidus Investment in the third quarter at a value of $26,000. Meeder Asset Management Inc. acquired a new stake in the shares of Fidus Investment in the first quarter at a value of $30,000. Chilton Capital Management LLC acquired a new stake in shares of Fidus Investment in the second quarter at a value of $31,000. Finally, JPMorgan Chase & Co. acquired a new equity stake in Fidus Investment in the second quarter worth $50,000.
Fidus investment stock up 1.2%
NASDAQ: FDUS opened at $18.74 on Friday. The company has a market capitalization of $458.01 million, a P/E ratio of 4.65 and a beta of 1.53. Fidus Investment has a fifty-two week low of $16.40 and a fifty-two week high of $21.15. The company’s 50-day moving average is $18.48 and its two-hundred-day moving average is $18.88.
Fidus Investment (NASDAQ: FDUS – Get a rating) last released its quarterly results on Thursday, August 4. The asset manager reported earnings per share of $0.43 for the quarter, beating analysts’ consensus estimate of $0.41 by $0.02. The company posted revenue of $21.15 million for the quarter, versus a consensus estimate of $21.34 million. Fidus Investment posted a net margin of 117.69% and a return on equity of 8.93%. Research analysts expect Fidus Investment to post 1.73 earnings per share for the current fiscal year.
Fidus Investment announces a dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, December 16. Shareholders of record on Friday, December 2 will receive a dividend of $0.36 per share. This represents a dividend of $1.44 on an annualized basis and a yield of 7.68%. The ex-date of this dividend is Thursday, December 1. The dividend distribution rate of Fidus Investment is currently 35.73%.
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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