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. “
Several other brokerages have also weighed in on FDUS. Robert W. Baird restated an outperform rating and set a $17.00 target price on shares of Fidus Investment Corp. in a research report on Monday, August 8th. DA Davidson initiated coverage on shares of Fidus Investment Corp. in a research report on Thursday, September 22nd. They set a buy rating and a $17.00 target price on the stock. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of Buy and an average target price of $16.67.
Fidus Investment Corp. (NASDAQ:FDUS) traded down 0.31% during mid-day trading on Monday, hitting $15.83. 6,659 shares of the stock traded hands. Fidus Investment Corp. has a 12 month low of $11.34 and a 12 month high of $16.40. The stock’s 50 day moving average is $15.85 and its 200-day moving average is $15.57.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 23rd. Stockholders of record on Friday, September 9th were given a $0.39 dividend. The ex-dividend date of this dividend was Wednesday, September 7th. This represents a $1.56 annualized dividend and a dividend yield of 9.82%. Fidus Investment Corp.’s dividend payout ratio is presently 77.23%.
Hedge funds have recently added to or reduced their stakes in the stock. West Family Investments Inc. raised its stake in Fidus Investment Corp. by 21.1% in the second quarter. West Family Investments Inc. now owns 299,230 shares of the company’s stock valued at $4,569,000 after buying an additional 52,101 shares in the last quarter. Nuveen Fund Advisors LLC acquired a new stake in Fidus Investment Corp. during the second quarter valued at approximately $670,000. Citigroup Inc. raised 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. Raymond James & Associates raised its stake in Fidus Investment Corp. by 20.3% in the second quarter. Raymond James & Associates now owns 762,937 shares of the company’s stock valued at $11,650,000 after buying an additional 128,666 shares in the last quarter. Finally, Baird Financial Group Inc. raised its stake in Fidus Investment Corp. by 6.4% in the second quarter. Baird Financial Group Inc. now owns 19,970 shares of the company’s stock valued at $308,000 after buying an additional 1,200 shares in the last quarter. Institutional investors and hedge funds own 20.33% of the company’s stock.
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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