Zacks Investment Research Lowers Fidus Investment (FDUS) to Hold

Fidus Investment (NASDAQ:FDUS) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued 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. “

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 (FDUS) traded up $0.03 on Monday, reaching $15.12. 82,000 shares of the company’s stock were exchanged, compared to its average volume of 131,650. Fidus Investment has a 1 year low of $15.00 and a 1 year high of $18.21. The company has a market capitalization of $370.33, a price-to-earnings ratio of 7.64 and a beta of 1.11.

Hedge funds have recently made changes to their positions in the company. D.A. Davidson & CO. lifted its position in shares of Fidus Investment by 8.2% in the second quarter. D.A. Davidson & CO. now owns 6,615 shares of the asset manager’s stock worth $111,000 after purchasing an additional 504 shares in the last quarter. US Bancorp DE acquired a new position in Fidus Investment during the second quarter worth $138,000. Royal Bank of Canada increased its holdings in Fidus Investment by 16.8% during the second quarter. Royal Bank of Canada now owns 9,595 shares of the asset manager’s stock worth $147,000 after buying an additional 1,380 shares during the last quarter. Prospera Financial Services Inc acquired a new position in Fidus Investment during the second quarter worth $154,000. Finally, CAMG Solamere Management LLC acquired a new position in Fidus Investment during the fourth quarter worth $173,000. 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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