The Fidus Investment Corporation (FDUS) Position Raised by Raymond James Financial Services Advisors Inc., Report finds

The Fidus Investment Corporation (FDUS) Position Raised by Raymond James Financial Services Advisors Inc., Report finds

A number of other hedge funds and other institutional investors have also recently made changes to their positions in FDUS. Ares Management LLC boosted its position in shares of Fidus Investment Corporation by 541.7% in the third quarter. Ares Management LLC now owns 308,001 shares of the company’s stock worth $4,851,000 after buying an additional 260,001 shares during the period. Advisors Asset Management Inc. boosted its position in shares of Fidus Investment Corporation by 18.9% in the third quarter. Advisors Asset Management Inc. now owns 482,582 shares of the company’s stock worth $7,601,000 after buying an additional 76,688 shares during the period. Muzinich & Co. Inc. boosted its position in shares of Fidus Investment Corporation by 64.1% in the third quarter. Muzinich & Co. Inc. now owns 171,076 shares of the company’s stock worth $2,694,000 after buying an additional 66,835 shares during the period. UBS Group AG boosted its position in shares of Fidus Investment Corporation by 7.6% in the third quarter. UBS Group AG now owns 359,992 shares of the company’s stock worth $5,670,000 after buying an additional 25,287 shares during the period. Finally, Sumitomo Mitsui Asset Management Company LTD boosted its position in shares of Fidus Investment Corporation by 71.1% in the third quarter. Sumitomo Mitsui Asset Management Company LTD now owns 55,936 shares of the company’s stock worth $880,000 after buying an additional 23,235 shares during the period. 21.19% of the stock is currently owned by institutional investors and hedge funds.

Raymond James Financial Services Advisors Inc. boosted its position in shares of Fidus Investment Corporation (NASDAQ:FDUS) by 17.8% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 346,065 shares of the company’s stock after buying an additional 52,176 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Fidus Investment Corporation were worth $5,444,000 as of its most recent SEC filing.

Shares of Fidus Investment Corporation (NASDAQ:FDUS) traded down 2.25% during mid-day trading on Thursday, hitting $16.05. 79,643 shares of the company traded hands. Fidus Investment Corporation has a 1-year low of $12.18 and a 1-year high of $17.09. The firm’s 50 day moving average price is $16.20 and its 200-day moving average price is $15.95.

A number of analysts have weighed in on the stock. Robert W. Baird cut shares of Fidus Investment Corporation from an “outperform” rating to a “neutral” rating and set a $17.00 target price on the stock. in a research note on Monday, January 9th. Zacks Investment Research cut shares of Fidus Investment Corporation from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 11th. DA Davidson reaffirmed a “buy” rating on shares of Fidus Investment Corporation in a research note on Monday, November 7th. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $17.00 target price on shares of Fidus Investment Corporation in a research note on Tuesday, January 10th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. Fidus Investment Corporation currently has an average rating of “Hold” and an average target price of $17.25.

Fidus Investment Corporation Company Profile

Fidus Investment Corporation is a business development company. The Company provides customized debt and equity financing solutions to lower middle-market companies. Its investment objective is to provide risk-adjusted returns by generating both current income from its debt investments and capital appreciation from its equity related investments.

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