Fidus Investment Corporation (NASDAQ:FDUS) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Monday, November 6th.
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 “hold” rating to a “sell” rating in a research report on Thursday, July 27th.
Hedge funds have recently bought and sold shares of the business. Morgan Stanley raised its holdings in Fidus Investment by 7.4% during the 1st quarter. Morgan Stanley now owns 79,744 shares of the asset manager’s stock valued at $1,403,000 after buying an additional 5,478 shares during the period. Salzhauer Michael raised its holdings in Fidus Investment by 1.0% during the 2nd quarter. Salzhauer Michael now owns 20,600 shares of the asset manager’s stock valued at $346,000 after buying an additional 200 shares during the period. US Bancorp DE purchased a new stake in Fidus Investment in the second quarter worth $138,000. Sumitomo Mitsui Asset Management Company LTD increased its stake in Fidus Investment by 7.8% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 260,347 shares of the asset manager’s stock worth $4,379,000 after purchasing an additional 18,733 shares during the period. Finally, Novare Capital Management LLC purchased a new stake in Fidus Investment in the second quarter worth $5,564,000. Institutional investors and hedge funds own 31.06% of the company’s stock.
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Fidus Investment 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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