Fidus Investment Corp. (FDUS) Stock Rating Upgraded by Zacks Investment Research
Fidus Investment Corp. (NASDAQ:FDUS) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Monday.
According to Zacks, “Fidus Investment Corporation is a business development company which provides customized mezzanine debt and equity financing solutions to lower middle-market companies. The Company partners with business owners, management teams and financial sponsors by providing customized financing for change of ownership transactions, recapitalizations, strategic acquisitions, business expansion and other growth initiatives. Fidus Investment Corporation is based in Evanston, Illinois. “
FDUS has been the topic of a number of other research reports. DA Davidson assumed coverage on Fidus Investment Corp. in a research report on Thursday, September 22nd. They issued a “buy” rating and a $17.00 target price on the stock. Robert W. Baird downgraded Fidus Investment Corp. from an “outperform” rating to a “neutral” rating in a research report on Thursday, July 14th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $16.67.
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Fidus Investment Corp. (NASDAQ:FDUS) traded up 0.83% during midday trading on Monday, hitting $15.88. The company’s stock had a trading volume of 49,108 shares. Fidus Investment Corp. has a one year low of $11.34 and a one year high of $16.40. The company’s 50-day moving average is $15.85 and its 200 day moving average is $15.57.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 23rd. Stockholders of record on Friday, September 9th were paid a $0.39 dividend. The ex-dividend date of this dividend was Wednesday, September 7th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 9.82%. Fidus Investment Corp.’s payout ratio is presently 77.23%.
Several large investors have recently modified their holdings of the stock. Commonwealth Equity Services Inc boosted its stake in shares of Fidus Investment Corp. by 2.0% in the second quarter. Commonwealth Equity Services Inc now owns 16,191 shares of the company’s stock worth $247,000 after buying an additional 323 shares during the last quarter. Lakeview Capital Partners LLC boosted its stake in shares of Fidus Investment Corp. by 1.4% in the second quarter. Lakeview Capital Partners LLC now owns 29,368 shares of the company’s stock worth $448,000 after buying an additional 400 shares during the last quarter. Baird Financial Group Inc. boosted its stake in shares of Fidus Investment Corp. by 6.4% in the second quarter. Baird Financial Group Inc. now owns 19,970 shares of the company’s stock worth $308,000 after buying an additional 1,200 shares during the last quarter. Royal Bank of Canada boosted its stake in shares of Fidus Investment Corp. by 16.8% in the second quarter. Royal Bank of Canada now owns 9,595 shares of the company’s stock worth $147,000 after buying an additional 1,380 shares during the last quarter. Finally, Citigroup Inc. boosted its stake in shares of Fidus Investment Corp. by 23.5% in the second quarter. Citigroup Inc. now owns 9,867 shares of the company’s stock worth $151,000 after buying an additional 1,877 shares during the last quarter. 20.33% of the stock is owned by institutional investors and hedge funds.
Fidus Investment Corp. Company Profile
Fidus Investment Corporation is a business development company. The Company provides customized debt and equity financing solutions to lower middle-market companies. Its investment objective is to provide risk-adjusted returns by generating both current income from its debt investments and capital appreciation from its equity related investments.
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