Fidus Investment Corp (NASDAQ:FDUS) Plans Dividend of $0.04
Fidus Investment Corp (NASDAQ:FDUS) announced a dividend on Thursday, October 31st, Fidelity reports. Shareholders of record on Friday, December 6th will be paid a dividend of 0.04 per share by the asset manager on Friday, December 20th. The ex-dividend date is Thursday, December 5th.
Shares of Fidus Investment stock traded up $0.09 on Tuesday, reaching $16.00. The company’s stock had a trading volume of 39,372 shares, compared to its average volume of 75,602. Fidus Investment has a 52 week low of $11.48 and a 52 week high of $16.50. The firm’s fifty day simple moving average is $15.10 and its two-hundred day simple moving average is $15.41. The company has a market capitalization of $390.92 million, a price-to-earnings ratio of 11.27 and a beta of 1.05.
A number of brokerages have recently issued reports on FDUS. ValuEngine downgraded Fidus Investment from a “hold” rating to a “sell” rating in a report on Tuesday, September 10th. LADENBURG THALM/SH SH lowered Fidus Investment from a “buy” rating to a “neutral” rating in a research report on Monday, August 5th. National Securities initiated coverage on Fidus Investment in a research report on Wednesday, October 23rd. They issued a “neutral” rating and a $15.00 target price for the company. BidaskClub upgraded shares of Fidus Investment from a “sell” rating to a “hold” rating in a research note on Friday, November 15th. Finally, Zacks Investment Research lowered shares of Fidus Investment from a “hold” rating to a “strong sell” rating in a research note on Wednesday, November 6th. Two analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. Fidus Investment presently has a consensus rating of “Hold” and an average target price of $16.63.
Fidus Investment Corporation is a business development company specializing in leveraged buyouts, refinancings, change of ownership transactions, recapitalizations, strategic acquisitions, mezzanine, growth capital, business expansion, lower middle market investments, debt investments, subordinated and second lien loans, senior secured and unitranche debt, preferred equity, warrants, subordinated debt, senior subordinated notes, junior secured loans, and unitranche loans.
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