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 research analysts have also commented on the company. DA Davidson assumed coverage on Fidus Investment Corp. in a research report on Thursday, September 22nd. They issued a buy rating and a $17.00 price objective on the stock. Robert W. Baird reiterated an outperform rating and issued a $17.00 price objective on shares of Fidus Investment Corp. in a research report on Monday, August 8th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Fidus Investment Corp. presently has an average rating of Buy and a consensus target price of $16.67.
Fidus Investment Corp. (NASDAQ:FDUS) opened at 15.64 on Monday. The company’s 50-day moving average price is $15.83 and its 200 day moving average price is $15.57. Fidus Investment Corp. has a 52-week low of $11.34 and a 52-week high of $16.40.
The business 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 9.97%. Fidus Investment Corp.’s dividend payout ratio is currently 77.23%.
Several hedge funds and other institutional investors have recently bought and sold shares of FDUS. Royal Bank of Canada raised its position in Fidus Investment Corp. by 16.8% in the second quarter. Royal Bank of Canada now owns 9,595 shares of the company’s stock valued at $147,000 after buying an additional 1,380 shares in the last quarter. First Allied Advisory Services Inc. bought a new position in Fidus Investment Corp. during the second quarter valued at about $263,000. Guggenheim Capital LLC raised its position in Fidus Investment Corp. by 42.0% in the second quarter. Guggenheim Capital LLC now owns 69,615 shares of the company’s stock valued at $1,063,000 after buying an additional 20,598 shares in the last quarter. KCG Holdings Inc. bought a new position in Fidus Investment Corp. during the second quarter valued at about $183,000. Finally, West Family Investments Inc. raised its position 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. 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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