Fidus Investment Corporation (FDUS) Lifted to “Hold” at Zacks Investment Research
Fidus Investment Corporation (NASDAQ:FDUS) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Wednesday.
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. “
Separately, BidaskClub cut shares of Fidus Investment Corporation from a “buy” rating to a “hold” rating in a research note on Friday, July 14th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $17.50.
Shares of Fidus Investment Corporation (NASDAQ FDUS) traded down 0.43% during trading on Wednesday, reaching $16.14. 67,071 shares of the company’s stock traded hands. Fidus Investment Corporation has a one year low of $14.33 and a one year high of $18.21. The company has a 50 day moving average price of $16.12 and a 200-day moving average price of $16.84.
COPYRIGHT VIOLATION NOTICE: This piece was posted by American Banking News and is the sole property of of American Banking News. If you are viewing this piece on another domain, it was stolen and reposted in violation of international trademark & copyright laws. The correct version of this piece can be viewed at https://www.americanbankingnews.com/2017/10/04/fidus-investment-corporation-fdus-lifted-to-hold-at-zacks-investment-research.html.
Hedge funds have recently made changes to their positions in the business. D.A. Davidson & CO. lifted its holdings in Fidus Investment Corporation by 8.2% in the 2nd quarter. D.A. Davidson & CO. now owns 6,615 shares of the asset manager’s stock valued at $111,000 after purchasing an additional 504 shares in the last quarter. US Bancorp DE purchased a new position in Fidus Investment Corporation in the 2nd quarter valued at $138,000. CIBC World Markets Inc. purchased a new position in Fidus Investment Corporation in the 2nd quarter valued at $177,000. Crescent Grove Advisors LLC purchased a new position in Fidus Investment Corporation in the 2nd quarter valued at $190,000. Finally, Stifel Financial Corp purchased a new position in Fidus Investment Corporation in the 2nd quarter valued at $196,000. Institutional investors own 30.68% of the company’s stock.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Fidus Investment Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fidus Investment Corporation and related companies with MarketBeat.com's FREE daily email newsletter.