Fidus Investment Corp. (FDUS) Upgraded at 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 to clients and investors 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. “
Other research analysts also recently issued research reports about the stock. Robert W. Baird reiterated an “outperform” rating and issued a $17.00 price objective on shares of Fidus Investment Corp. in a research report on Monday, August 8th. DA Davidson started coverage on shares of Fidus Investment Corp. in a research report on Thursday, September 22nd. They issued a “buy” rating and a $17.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Fidus Investment Corp. has a consensus rating of “Buy” and a consensus price target of $16.67.
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Shares of Fidus Investment Corp. (NASDAQ:FDUS) traded up 0.83% 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 stock has a 50-day moving average price of $15.85 and a 200 day moving average price of $15.57.
The business also recently declared a quarterly dividend, which was paid on Friday, September 23rd. Investors of record on Friday, September 9th were paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 9.82%. The ex-dividend date was Wednesday, September 7th. Fidus Investment Corp.’s dividend payout ratio is presently 77.23%.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Prospera Financial Services Inc bought a new position in shares of Fidus Investment Corp. during the second quarter worth $154,000. Mckinley Capital Management LLC Delaware increased its stake in Fidus Investment Corp. by 16.0% in the second quarter. Mckinley Capital Management LLC Delaware now owns 24,828 shares of the company’s stock worth $379,000 after buying an additional 3,421 shares during the last quarter. Advisors Asset Management Inc. increased its stake in Fidus Investment Corp. by 29.7% in the second quarter. Advisors Asset Management Inc. now owns 405,894 shares of the company’s stock worth $6,198,000 after buying an additional 92,935 shares during the last quarter. Commonwealth Equity Services Inc increased its stake in 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. Finally, Muzinich & Co. Inc. increased its stake in Fidus Investment Corp. by 37.1% in the second quarter. Muzinich & Co. Inc. now owns 104,241 shares of the company’s stock worth $1,592,000 after buying an additional 28,235 shares during the last quarter. 20.33% of the stock is currently owned by hedge funds and other institutional investors.
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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