Fidus Investment Corporation (NASDAQ:FDUS) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Tuesday.

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 research analysts have also recently issued reports on FDUS. BidaskClub cut Fidus Investment Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Keefe, Bruyette & Woods set a $18.00 target price on Fidus Investment Corporation and gave the stock a “hold” rating in a research report on Wednesday, May 31st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $17.50.

Shares of Fidus Investment Corporation (NASDAQ:FDUS) opened at 15.80 on Tuesday. Fidus Investment Corporation has a 12 month low of $14.33 and a 12 month high of $18.21. The stock’s 50 day moving average price is $16.40 and its 200 day moving average price is $16.94.

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Several hedge funds and other institutional investors have recently bought and sold shares of the company. Salzhauer Michael raised its stake in shares of Fidus Investment Corporation by 1.0% in the second quarter. Salzhauer Michael now owns 20,600 shares of the asset manager’s stock worth $346,000 after buying an additional 200 shares during the period. D.A. Davidson & CO. raised its stake in shares of Fidus Investment Corporation by 8.2% in the second quarter. D.A. Davidson & CO. now owns 6,615 shares of the asset manager’s stock worth $111,000 after buying an additional 504 shares during the period. Oppenheimer & Co. Inc. raised its stake in shares of Fidus Investment Corporation by 2.8% in the first quarter. Oppenheimer & Co. Inc. now owns 26,013 shares of the asset manager’s stock worth $457,000 after buying an additional 700 shares during the period. West Family Investments Inc. raised its stake in shares of Fidus Investment Corporation by 0.3% in the second quarter. West Family Investments Inc. now owns 300,811 shares of the asset manager’s stock worth $4,860,000 after buying an additional 981 shares during the period. Finally, First Allied Advisory Services Inc. raised its stake in shares of Fidus Investment Corporation by 11.5% in the second quarter. First Allied Advisory Services Inc. now owns 19,155 shares of the asset manager’s stock worth $323,000 after buying an additional 1,970 shares during the period. 30.68% of the stock is currently owned by hedge funds and other institutional investors.

About Fidus Investment Corporation

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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