Fidus Investment Corporation (FDUS) Stock Rating Lowered 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 report released 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. “

Separately, BidaskClub lowered Fidus Investment Corporation from a “buy” rating to a “hold” rating in a research report on Friday, July 14th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $17.50.

Shares of Fidus Investment Corporation (NASDAQ FDUS) traded up $0.21 on Monday, reaching $16.59. The company’s stock had a trading volume of 90,492 shares, compared to its average volume of 69,575. The company has a market cap of $406.13, a price-to-earnings ratio of 10.71 and a beta of 1.14. Fidus Investment Corporation has a 52-week low of $14.68 and a 52-week high of $18.21.

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Several large investors have recently bought and sold shares of FDUS. Morgan Stanley boosted its position in shares of Fidus Investment Corporation by 7.4% in the 1st quarter. Morgan Stanley now owns 79,744 shares of the asset manager’s stock worth $1,403,000 after purchasing an additional 5,478 shares during the last quarter. Salzhauer Michael boosted its position 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 worth $346,000 after purchasing an additional 200 shares during the last quarter. US Bancorp DE bought a new position in shares of Fidus Investment Corporation in the 2nd quarter worth $138,000. Sumitomo Mitsui Asset Management Company LTD boosted its position in shares of Fidus Investment Corporation by 7.8% in the 2nd quarter. Sumitomo Mitsui Asset Management Company LTD now owns 260,347 shares of the asset manager’s stock worth $4,379,000 after purchasing an additional 18,733 shares during the last quarter. Finally, Novare Capital Management LLC bought a new position in shares of Fidus Investment Corporation in the 2nd quarter worth $5,564,000. Institutional investors and hedge funds own 30.93% of the company’s stock.

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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