Fidus Investment (FDUS) Rating Lowered to Strong Sell at BidaskClub
Fidus Investment (NASDAQ:FDUS) was downgraded by equities research analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a report issued on Saturday.
Separately, Zacks Investment Research cut Fidus Investment from a “hold” rating to a “sell” rating in a research report on Tuesday, September 12th.
Shares of Fidus Investment (NASDAQ:FDUS) opened at $15.90 on Friday. Fidus Investment has a 52-week low of $15.60 and a 52-week high of $18.21. The firm has a market capitalization of $389.44, a PE ratio of 10.39 and a beta of 1.11.
Several institutional investors and hedge funds have recently made changes to their positions in FDUS. D.A. Davidson & CO. increased its position in shares of Fidus Investment by 8.2% during the second quarter. D.A. Davidson & CO. now owns 6,615 shares of the asset manager’s stock valued at $111,000 after buying an additional 504 shares during the period. US Bancorp DE bought a new stake in shares of Fidus Investment during the second quarter valued at about $138,000. CIBC World Markets Inc. purchased a new position in shares of Fidus Investment during the second quarter worth about $177,000. Crescent Grove Advisors LLC purchased a new position in shares of Fidus Investment during the second quarter worth about $190,000. Finally, Stifel Financial Corp purchased a new position in shares of Fidus Investment during the second quarter worth about $196,000. Hedge funds and other institutional investors own 32.06% of the company’s stock.
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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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