Fidus Investment (NASDAQ:FDUS) was downgraded by investment analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued on Thursday.
A number of other equities analysts have also recently commented on the stock. Ladenburg Thalmann Financial Services assumed coverage on shares of Fidus Investment in a report on Friday, February 16th. They issued a “buy” rating on the stock. Zacks Investment Research cut shares of Fidus Investment from a “buy” rating to a “hold” rating in a report on Monday, January 8th. Finally, BidaskClub cut shares of Fidus Investment from a “sell” rating to a “strong sell” rating in a report on Saturday, December 9th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $17.50.
Shares of Fidus Investment (NASDAQ FDUS) traded down $0.05 during trading on Thursday, hitting $12.83. 154,179 shares of the stock were exchanged, compared to its average volume of 122,044. The firm has a market cap of $314.24, a PE ratio of 6.48 and a beta of 0.99. Fidus Investment has a fifty-two week low of $12.64 and a fifty-two week high of $18.21.
Several institutional investors have recently made changes to their positions in the company. D.A. Davidson & CO. increased its stake in Fidus Investment by 51.3% in the 3rd quarter. D.A. Davidson & CO. now owns 10,009 shares of the asset manager’s stock valued at $160,000 after buying an additional 3,394 shares during the period. Guggenheim Capital LLC increased its stake in Fidus Investment by 8.0% in the 4th quarter. Guggenheim Capital LLC now owns 87,742 shares of the asset manager’s stock valued at $1,332,000 after buying an additional 6,484 shares during the period. Macquarie Group Ltd. increased its stake in Fidus Investment by 1,166.3% in the 4th quarter. Macquarie Group Ltd. now owns 7,598 shares of the asset manager’s stock valued at $115,000 after buying an additional 6,998 shares during the period. Novare Capital Management LLC increased its stake in Fidus Investment by 2.3% in the 4th quarter. Novare Capital Management LLC now owns 353,594 shares of the asset manager’s stock valued at $5,368,000 after buying an additional 8,050 shares during the period. Finally, Stifel Financial Corp acquired a new position in Fidus Investment in the 2nd quarter valued at $196,000. 30.43% of the stock is currently owned by institutional investors and hedge funds.
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About Fidus Investment
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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