A statement released earlier today by D. A. Davidson about Fidus Investment (NASDAQ:FDUS) bumps the target price to $17.00
- Updated: September 23, 2016
D. A. Davidson bumped up the target of Fidus Investment (NASDAQ:FDUS) to $17.00 stating a potential upside of 0.08%.
Boasting a price of $15.76, Fidus Investment (NASDAQ:FDUS) traded 0.44% higher on the day. With the last close up 2.22% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Fidus Investment has recorded a 50-day average of $15.86 and a two hundred day average of $15.49. Volume of trade was up over the average, with 79,048 shares of FDUS changing hands over the typical 74,305
With a total market value of $0, Fidus Investment has with a one year low of $11.34 and a one year high of $16.40 .
More About Fidus Investment (NASDAQ:FDUS)
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. Its investment strategy consists of collaborating with business owners, management teams and financial sponsors by providing customized financing for ownership transactions, business expansion and other growth initiatives. It invests in industries, such as healthcare products, specialty distribution, aerospace and defense manufacturing, oil and gas services, consumer products, components manufacturing and building products manufacturing. Its investment portfolio consists of subordinated notes, senior secured loans, equity and warrants. The Company's investment advisor is Fidus Investment Advisors, LLC.
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