Fidus Investment Corp. (FDUS) To Go Ex-Dividend on November 30th
Fidus Investment Corp. (NASDAQ:FDUS) announced a special dividend on Friday, November 4th. Stockholders of record on Friday, December 2nd will be paid a dividend of 0.04 per share on Friday, December 16th. This represents a dividend yield of 10.36%. The ex-dividend date of this dividend is Wednesday, November 30th.
Shares of Fidus Investment Corp. (NASDAQ:FDUS) opened at 17.07 on Tuesday. Fidus Investment Corp. has a 52 week low of $11.34 and a 52 week high of $17.09. The stock has a 50 day moving average of $15.78 and a 200 day moving average of $15.63.
Several research firms have recently commented on FDUS. DA Davidson began coverage on Fidus Investment Corp. in a report on Thursday, September 22nd. They issued a “buy” rating and a $17.00 price objective for the company. Zacks Investment Research raised Fidus Investment Corp. from a “sell” rating to a “hold” rating in a report on Monday, October 10th. Finally, Robert W. Baird reissued an “outperform” rating and issued a $17.00 price objective on shares of Fidus Investment Corp. in a report on Monday, August 8th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $16.67.
Several large investors have recently added to or reduced their stakes in FDUS. Citigroup Inc. increased its stake in shares of 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. KCG Holdings Inc. acquired a new stake in shares of Fidus Investment Corp. during the second quarter valued at about $183,000. First Allied Advisory Services Inc. acquired a new stake in shares of Fidus Investment Corp. during the second quarter valued at about $263,000. D. E. Shaw & Co. Inc. acquired a new stake in shares of Fidus Investment Corp. during the third quarter valued at about $264,000. Finally, Baird Financial Group Inc. increased its stake in shares of 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. 23.28% of the stock is owned by institutional investors.
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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