Zacks Investment Research downgraded shares of Fidus Investment (NASDAQ:FDUS) from a buy rating to a hold rating in a research note issued to investors on Monday.

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

Fidus Investment (NASDAQ:FDUS) traded down $0.08 on Monday, reaching $15.04. The company had a trading volume of 99,804 shares, compared to its average volume of 122,850. Fidus Investment has a 12-month low of $15.00 and a 12-month high of $18.21. The firm has a market cap of $368.37, a PE ratio of 7.60 and a beta of 1.11.

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 27th. Shareholders of record on Wednesday, December 20th were paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 10.37%. The ex-dividend date was Tuesday, December 19th. Fidus Investment’s payout ratio is currently 78.79%.

Hedge funds and other institutional investors have recently modified their holdings of the business. D.A. Davidson & CO. boosted its stake in Fidus Investment by 8.2% during the 2nd quarter. D.A. Davidson & CO. now owns 6,615 shares of the asset manager’s stock valued at $111,000 after purchasing an additional 504 shares in the last quarter. CIBC World Markets Inc. bought a new position in Fidus Investment during the 2nd quarter valued at $177,000. Stifel Financial Corp bought a new position in Fidus Investment during the 2nd quarter valued at $196,000. Kingfisher Capital LLC bought a new position in Fidus Investment during the 2nd quarter valued at $219,000. Finally, Alpha Cubed Investments LLC bought a new position in Fidus Investment during the 3rd quarter valued at $235,000. 32.06% 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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