Zacks Investment Research downgraded shares of Fidus Investment Corporation (NASDAQ:FDUS) from a hold rating to a sell rating in a report released on Monday morning.

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 downgraded shares of Fidus Investment Corporation from a buy rating to a hold rating in a report on Friday, July 14th.

Fidus Investment Corporation (NASDAQ FDUS) traded down $0.01 on Monday, hitting $16.10. 18,886 shares of the company’s stock traded hands, compared to its average volume of 89,210. Fidus Investment Corporation has a twelve month low of $15.60 and a twelve month high of $18.21. The company has a market cap of $403.64, a P/E ratio of 10.77 and a beta of 1.14.

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The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 27th. Investors of record on Wednesday, December 20th will be issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 9.69%. The ex-dividend date is Tuesday, December 19th. Fidus Investment Corporation’s payout ratio is 79.19%.

Several large investors have recently made changes to their positions in the stock. Salzhauer Michael lifted its holdings in shares of Fidus Investment Corporation by 1.0% in the 2nd quarter. Salzhauer Michael now owns 20,600 shares of the asset manager’s stock valued at $346,000 after acquiring an additional 200 shares during the last quarter. D.A. Davidson & CO. lifted its holdings in shares of 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 acquiring an additional 504 shares during the last quarter. West Family Investments Inc. lifted its holdings in shares of Fidus Investment Corporation by 0.3% in the 2nd quarter. West Family Investments Inc. now owns 300,811 shares of the asset manager’s stock valued at $4,860,000 after acquiring an additional 981 shares during the last quarter. Oppenheimer & Co. Inc. lifted its holdings in shares of Fidus Investment Corporation by 5.9% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 27,541 shares of the asset manager’s stock valued at $463,000 after acquiring an additional 1,528 shares during the last quarter. Finally, First Allied Advisory Services Inc. lifted its holdings in shares of Fidus Investment Corporation by 11.5% in the 2nd quarter. First Allied Advisory Services Inc. now owns 19,155 shares of the asset manager’s stock valued at $323,000 after acquiring an additional 1,970 shares during the last quarter. 30.93% of the stock is owned by hedge funds and other 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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