Fidus Investment (NASDAQ:FDUS) Upgraded at BidaskClub

BidaskClub upgraded shares of Fidus Investment (NASDAQ:FDUS) from a sell rating to a hold rating in a report issued on Friday, BidAskClub reports.

Several other analysts also recently issued reports on the stock. Zacks Investment Research downgraded shares of Fidus Investment from a hold rating to a strong sell rating in a research report on Wednesday, November 6th. Raymond James downgraded shares of Fidus Investment from a strong-buy rating to an outperform rating and reduced their price target for the company from $17.00 to $16.00 in a research report on Friday, October 11th. LADENBURG THALM/SH SH downgraded shares of Fidus Investment from a buy rating to a neutral rating in a research report on Monday, August 5th. National Securities began coverage on shares of Fidus Investment in a research report on Wednesday, October 23rd. They issued a neutral rating and a $15.00 price target for the company. Finally, ValuEngine downgraded shares of Fidus Investment from a hold rating to a sell rating in a research report on Tuesday, September 10th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. Fidus Investment presently has an average rating of Hold and an average target price of $16.63.

NASDAQ FDUS traded up $0.03 during mid-day trading on Friday, hitting $15.39. The company’s stock had a trading volume of 1,248 shares, compared to its average volume of 82,070. The company’s 50 day simple moving average is $14.77 and its 200 day simple moving average is $15.44. Fidus Investment has a twelve month low of $11.48 and a twelve month high of $16.50. The firm has a market capitalization of $375.51 million, a price-to-earnings ratio of 10.89 and a beta of 1.02.

A number of large investors have recently modified their holdings of FDUS. Mid Atlantic Financial Management Inc. ADV bought a new stake in shares of Fidus Investment during the 2nd quarter worth $203,000. Morgan Stanley raised its stake in shares of Fidus Investment by 20.2% during the 2nd quarter. Morgan Stanley now owns 48,152 shares of the asset manager’s stock worth $768,000 after purchasing an additional 8,089 shares during the period. Oppenheimer & Co. Inc. raised its stake in shares of Fidus Investment by 2.3% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 41,896 shares of the asset manager’s stock worth $668,000 after purchasing an additional 928 shares during the period. Virtus ETF Advisers LLC bought a new stake in shares of Fidus Investment during the 2nd quarter worth $3,511,000. Finally, Wedge Capital Management L L P NC raised its stake in shares of Fidus Investment by 121.7% during the 3rd quarter. Wedge Capital Management L L P NC now owns 89,288 shares of the asset manager’s stock worth $1,324,000 after purchasing an additional 49,015 shares during the period. Institutional investors and hedge funds own 30.66% of the company’s stock.

About Fidus Investment

Fidus Investment Corporation is a business development company specializing in leveraged buyouts, refinancings, change of ownership transactions, recapitalizations, strategic acquisitions, mezzanine, growth capital, business expansion, lower middle market investments, debt investments, subordinated and second lien loans, senior secured and unitranche debt, preferred equity, warrants, subordinated debt, senior subordinated notes, junior secured loans, and unitranche loans.

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