Fidus Investment Corporation (FDUS) Upgraded at Zacks Investment Research
Zacks Investment Research upgraded shares of Fidus Investment Corporation (NASDAQ:FDUS) from a sell rating to a hold rating in a report published 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 report on Friday, July 14th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Fidus Investment Corporation currently has a consensus rating of Hold and an average price target of $17.50.
Shares of Fidus Investment Corporation (NASDAQ FDUS) traded down 0.19% during midday trading on Wednesday, hitting $16.03. The stock had a trading volume of 70,567 shares. The company’s 50 day moving average price is $16.09 and its 200-day moving average price is $16.82. Fidus Investment Corporation has a 1-year low of $14.33 and a 1-year high of $18.21.
The business also recently declared a quarterly dividend, which was paid on Friday, September 22nd. Investors of record on Friday, September 8th were paid a $0.39 dividend. The ex-dividend date was Thursday, September 7th. This represents a $1.56 dividend on an annualized basis and a yield of 9.73%. Fidus Investment Corporation’s dividend payout ratio (DPR) is currently 80.83%.
A number of institutional investors and hedge funds have recently made changes to their positions in FDUS. Public Employees Retirement System of Ohio acquired a new position in shares of Fidus Investment Corporation during the 2nd quarter worth approximately $1,800,000. Kingfisher Capital LLC acquired a new position in shares of Fidus Investment Corporation during the 2nd quarter worth approximately $219,000. Raymond James Financial Services Advisors Inc. grew its position in shares of Fidus Investment Corporation by 11.7% during the 2nd 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. Moors & Cabot Inc. acquired a new position in shares of Fidus Investment Corporation during the 2nd quarter worth approximately $349,000. Finally, Optimum Investment Advisors grew its position in shares of Fidus Investment Corporation by 31.2% during the 2nd quarter. Optimum Investment Advisors now owns 40,482 shares of the asset manager’s stock worth $681,000 after purchasing an additional 9,638 shares in the last quarter. Institutional investors and hedge funds own 30.68% of the company’s stock.
Fidus Investment Corporation 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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