Fidus Investment (FDUS) Lifted to Buy at Zacks Investment Research

Fidus Investment (NASDAQ:FDUS) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Thursday. The firm presently has a $17.00 target price on the asset manager’s stock. Zacks Investment Research‘s target price points to a potential upside of 11.55% from the stock’s current price.

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 lowered shares of Fidus Investment from a “sell” rating to a “strong sell” rating in a research report on Saturday, December 9th.

Shares of Fidus Investment (NASDAQ FDUS) traded down $0.22 on Thursday, reaching $15.24. 158,200 shares of the company’s stock were exchanged, compared to its average volume of 131,567. Fidus Investment has a 1 year low of $15.10 and a 1 year high of $18.21. The company has a market capitalization of $373.27, a price-to-earnings ratio of 7.70 and a beta of 1.11.

Several hedge funds have recently made changes to their positions in FDUS. Muzinich & Co. Inc. lifted its position in shares of Fidus Investment by 28.7% in the second quarter. Muzinich & Co. Inc. now owns 1,013,739 shares of the asset manager’s stock worth $17,051,000 after purchasing an additional 226,099 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of Fidus Investment in the second quarter worth $1,800,000. Raymond James Financial Services Advisors Inc. lifted its position in shares of Fidus Investment by 11.7% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 475,794 shares of the asset manager’s stock worth $8,003,000 after purchasing an additional 49,744 shares in the last quarter. Salem Investment Counselors Inc. bought a new stake in shares of Fidus Investment in the second quarter worth $723,000. Finally, BB&T Securities LLC lifted its position in shares of Fidus Investment by 23.4% in the third quarter. BB&T Securities LLC now owns 219,466 shares of the asset manager’s stock worth $3,529,000 after purchasing an additional 41,592 shares in the last quarter. 32.06% of the stock is currently owned by institutional investors and hedge funds.

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Fidus Investment Company Profile

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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