Zacks Investment Research upgraded shares of Fidus Investment (NASDAQ:FDUS) from a hold rating to a buy rating in a research report sent to investors on Thursday, January 4th. They currently have $17.00 price objective on the asset manager’s stock.

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. “

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Separately, BidaskClub lowered Fidus Investment from a sell rating to a strong sell rating in a research report on Saturday, December 9th.

Shares of Fidus Investment (NASDAQ:FDUS) opened at $15.04 on Thursday. The firm has a market capitalization of $368.13, a price-to-earnings ratio of 7.63 and a beta of 1.11. Fidus Investment has a 1 year low of $14.86 and a 1 year high of $18.21.

Fidus Investment (NASDAQ:FDUS) last issued its earnings results on Thursday, November 2nd. The asset manager reported $0.38 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.38. Fidus Investment had a return on equity of 9.18% and a net margin of 64.21%. equities analysts predict that Fidus Investment will post 1.49 EPS for the current year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Muzinich & Co. Inc. raised its position in shares of Fidus Investment by 28.7% in the 2nd quarter. Muzinich & Co. Inc. now owns 1,013,739 shares of the asset manager’s stock worth $17,051,000 after acquiring an additional 226,099 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its position in shares of Fidus Investment by 4.3% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 496,469 shares of the asset manager’s stock worth $7,983,000 after acquiring an additional 20,675 shares in the last quarter. Novare Capital Management LLC raised its position in shares of Fidus Investment by 4.5% in the 3rd quarter. Novare Capital Management LLC now owns 345,544 shares of the asset manager’s stock worth $5,556,000 after acquiring an additional 14,725 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD raised its position in shares of Fidus Investment by 9.9% in the 3rd quarter. Sumitomo Mitsui Asset Management Company LTD now owns 286,058 shares of the asset manager’s stock worth $4,599,000 after acquiring an additional 25,711 shares in the last quarter. Finally, Yorktown Management & Research Co Inc raised its position in shares of Fidus Investment by 14.6% in the 3rd quarter. Yorktown Management & Research Co Inc now owns 275,000 shares of the asset manager’s stock worth $4,422,000 after acquiring an additional 35,000 shares in the last quarter. 32.12% of the stock is owned by hedge funds and other institutional investors.

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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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