Fidus Investment Corporation (NASDAQ:FDUS) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Tuesday.

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. “

A number of other equities research analysts have also recently commented on FDUS. Keefe, Bruyette & Woods set a $18.00 price target on shares of Fidus Investment Corporation and gave the stock a “hold” rating in a report on Wednesday, May 31st. BidaskClub cut shares of Fidus Investment Corporation from a “buy” rating to a “hold” rating in a report on Friday, July 14th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $17.50.

Shares of Fidus Investment Corporation (FDUS) traded up 0.24% during trading on Tuesday, hitting $16.67. The stock had a trading volume of 40,941 shares. Fidus Investment Corporation has a 52 week low of $14.33 and a 52 week high of $18.21. The company’s 50 day moving average price is $16.81 and its 200 day moving average price is $16.94.

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Several large investors have recently bought and sold shares of FDUS. Guggenheim Capital LLC boosted its stake in shares of Fidus Investment Corporation by 1.8% in the fourth quarter. Guggenheim Capital LLC now owns 83,212 shares of the asset manager’s stock worth $1,309,000 after buying an additional 1,489 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD boosted its stake in shares of Fidus Investment Corporation by 76.2% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 241,614 shares of the asset manager’s stock worth $4,245,000 after buying an additional 104,478 shares during the last quarter. Eagle Global Advisors LLC acquired a new stake in shares of Fidus Investment Corporation during the first quarter worth about $224,000. Baird Financial Group Inc. boosted its stake in shares of Fidus Investment Corporation by 26.9% in the first quarter. Baird Financial Group Inc. now owns 17,471 shares of the asset manager’s stock worth $307,000 after buying an additional 3,701 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its stake in shares of Fidus Investment Corporation by 23.1% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 426,050 shares of the asset manager’s stock worth $7,486,000 after buying an additional 79,985 shares during the last quarter. 28.41% of the stock is currently owned by institutional investors.

About Fidus Investment Corporation

Fidus Investment Corporation is a closed-end, non-diversified investment company. The Company provides customized debt and equity financing solutions to lower middle-market companies. The Company’s investment objective is to provide attractive risk-adjusted returns by generating both current income from its debt investments and capital appreciation from its equity-related investments.

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