Fidus Investment Corp. (FDUS) Upgraded at Zacks Investment Research
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. “
FDUS has been the subject of a number of other research reports. DA Davidson assumed coverage on shares of Fidus Investment Corp. in a research report on Thursday, September 22nd. They issued a buy rating and a $17.00 target price for the company. Robert W. Baird cut shares of Fidus Investment Corp. from an outperform rating to a neutral rating in a research report on Thursday, July 14th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of Buy and an average target price of $16.67.
Shares of Fidus Investment Corp. (NASDAQ:FDUS) opened at 15.83 on Monday. The firm has a 50-day moving average of $15.85 and a 200 day moving average of $15.57. Fidus Investment Corp. has a 52-week low of $11.34 and a 52-week high of $16.40.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 23rd. Investors of record on Friday, September 9th were given a dividend of $0.39 per share. The ex-dividend date of this dividend was Wednesday, September 7th. This represents a $1.56 annualized dividend and a yield of 9.85%. Fidus Investment Corp.’s dividend payout ratio is 77.23%.
Large investors have recently bought and sold shares of the company. Royal Bank of Canada boosted its stake in Fidus Investment Corp. by 16.8% in the second quarter. Royal Bank of Canada now owns 9,595 shares of the company’s stock valued at $147,000 after buying an additional 1,380 shares in the last quarter. Citigroup Inc. boosted its stake in Fidus Investment Corp. by 23.5% in the second quarter. Citigroup Inc. now owns 9,867 shares of the company’s stock valued at $151,000 after buying an additional 1,877 shares in the last quarter. Prospera Financial Services Inc purchased a new stake in Fidus Investment Corp. during the second quarter valued at $154,000. KCG Holdings Inc. purchased a new stake in Fidus Investment Corp. during the second quarter valued at $183,000. Finally, Commonwealth Equity Services Inc boosted its stake in Fidus Investment Corp. by 2.0% in the second quarter. Commonwealth Equity Services Inc now owns 16,191 shares of the company’s stock valued at $247,000 after buying an additional 323 shares in the last quarter. 20.33% of the stock is owned by institutional investors and hedge funds.
Fidus Investment Corp. Company Profile
Fidus Investment Corporation is a business development company. The Company provides customized debt and equity financing solutions to lower middle-market companies. Its investment objective is to provide risk-adjusted returns by generating both current income from its debt investments and capital appreciation from its equity related investments.
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