Zacks Investment Research cut shares of Fidus Investment Corporation (NASDAQ:FDUS) from a hold rating to a sell rating in a research report released on Monday morning.

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. “

Separately, BidaskClub downgraded Fidus Investment Corporation from a buy rating to a hold rating in a report on Friday, July 14th.

Fidus Investment Corporation (FDUS) opened at $16.48 on Monday. The company has a market capitalization of $403.15, a PE ratio of 10.76 and a beta of 1.14. Fidus Investment Corporation has a twelve month low of $15.29 and a twelve month high of $18.21.

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The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 27th. Stockholders of record on Wednesday, December 20th will be issued a $0.39 dividend. The ex-dividend date of this dividend is Tuesday, December 19th. This represents a $1.56 annualized dividend and a dividend yield of 9.47%. Fidus Investment Corporation’s dividend payout ratio is currently 79.19%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Muzinich & Co. Inc. increased its holdings in shares of Fidus Investment Corporation by 28.7% in the second quarter. Muzinich & Co. Inc. now owns 1,013,739 shares of the asset manager’s stock worth $17,051,000 after buying an additional 226,099 shares during the period. BB&T Securities LLC increased its holdings in Fidus Investment Corporation by 74.2% during the 2nd quarter. BB&T Securities LLC now owns 177,874 shares of the asset manager’s stock valued at $2,992,000 after purchasing an additional 75,738 shares during the period. Moors & Cabot Inc. purchased a new position in Fidus Investment Corporation during the 2nd quarter valued at about $349,000. Sumitomo Mitsui Asset Management Company LTD increased its holdings in Fidus Investment Corporation by 7.8% during the 2nd quarter. Sumitomo Mitsui Asset Management Company LTD now owns 260,347 shares of the asset manager’s stock valued at $4,379,000 after purchasing an additional 18,733 shares during the period. Finally, Raymond James Financial Services Advisors Inc. increased its holdings in Fidus Investment Corporation by 11.7% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 475,794 shares of the asset manager’s stock valued at $8,003,000 after purchasing an additional 49,744 shares during the period. Hedge funds and other institutional investors own 30.93% of the company’s stock.

Fidus Investment Corporation Company Profile

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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