Fidus Investment Corporation (FDUS) Downgraded by Zacks Investment Research
Fidus Investment Corporation (NASDAQ:FDUS) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors 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. “
A number of other equities research analysts have also recently issued reports on the company. BidaskClub upgraded Fidus Investment Corporation from a “sell” rating to a “hold” rating in a research note on Saturday, August 5th. Keefe, Bruyette & Woods set a $18.00 price objective on Fidus Investment Corporation and gave the company a “hold” rating in a research note on Wednesday, May 31st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. Fidus Investment Corporation presently has an average rating of “Hold” and an average price target of $17.50.
Fidus Investment Corporation (FDUS) traded down 1.13% during trading on Monday, hitting $15.82. 76,542 shares of the company traded hands. The stock has a 50 day moving average price of $16.28 and a 200 day moving average price of $16.92. Fidus Investment Corporation has a 12-month low of $14.33 and a 12-month high of $18.21.
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A number of institutional investors have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio bought a new stake in Fidus Investment Corporation in the 2nd quarter valued at about $1,800,000. Kingfisher Capital LLC bought a new stake in Fidus Investment Corporation in the 2nd quarter valued at about $219,000. Raymond James Financial Services Advisors Inc. raised its stake in Fidus Investment Corporation by 11.7% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 475,794 shares of the asset manager’s stock valued at $8,003,000 after acquiring an additional 49,744 shares during the period. Moors & Cabot Inc. bought a new stake in Fidus Investment Corporation in the 2nd quarter valued at about $349,000. Finally, Optimum Investment Advisors raised its stake in Fidus Investment Corporation by 31.2% in the 2nd quarter. Optimum Investment Advisors now owns 40,482 shares of the asset manager’s stock valued at $681,000 after acquiring an additional 9,638 shares during the period. 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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