Fidus Investment (FDUS) Cut to “Strong Sell” at BidaskClub

Fidus Investment (NASDAQ:FDUS) was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued on Saturday.

Separately, Zacks Investment Research lowered shares of Fidus Investment from a “hold” rating to a “sell” rating in a report on Tuesday, September 12th.

Fidus Investment (FDUS) opened at $15.90 on Friday. Fidus Investment has a 1-year low of $15.60 and a 1-year high of $18.21. The company has a market cap of $387.23, a PE ratio of 10.33 and a beta of 1.11.

Institutional investors have recently made changes to their positions in the stock. D.A. Davidson & CO. grew its holdings in shares of Fidus Investment by 8.2% during 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 during the last quarter. US Bancorp DE bought a new stake in shares of Fidus Investment during the 2nd quarter valued at approximately $138,000. CIBC World Markets Inc. bought a new stake in shares of Fidus Investment during the 2nd quarter valued at approximately $177,000. Crescent Grove Advisors LLC bought a new stake in shares of Fidus Investment during the 2nd quarter valued at approximately $190,000. Finally, Stifel Financial Corp bought a new stake in shares of Fidus Investment during the 2nd quarter valued at approximately $196,000. 32.06% of the stock is currently owned by institutional investors.

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About Fidus Investment

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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