DA Davidson Initiates Coverage on Fidus Investment Corp to Buy

DA Davidson Initiates Coverage on Fidus Investment Corp(NASDAQ:FDUS). The shares have been rated Buy. The rating by DA Davidson was issued on Sep 23, 2016.

Fidus Investment Corp (FDUS) made into the market gainers list on Tuesdays trading session with the shares advancing 0.38% or 0.06 points. Due to strong positive momentum, the stock ended at $15.87, which is also near the day’s high of $15.9. The stock began the session at $15.86 and the volume stood at 34,276 shares. The 52-week high of the shares is $16.4 and the 52 week low is $11.34. The company has a current market capitalization of $305 M and it has 1,92,00,085 shares in outstanding.

Fidus Investment Corp(FDUS) last announced its earnings results on Aug 4, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $13.83M. Analysts had an estimated revenue of $14.11M. Earnings per share were $0.38. Analysts had estimated an EPS of $0.40.

Several Insider Transactions has been reported to the SEC. On Aug 24, 2015, Thomas Charles Lauer (director) purchased 100 shares at $7.49 per share price.Also, On Aug 24, 2015, Shelby E Sherard (CFO) purchased 3,435 shares at $14.50 per share price.

Fidus Investment Corporation (Fidus) 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. Its investment strategy includes partnering with business owners management teams and financial sponsors by providing customized financing for ownership transactions recapitalizations strategic acquisitions business expansion and other growth initiatives. Fidus invests in industries such as healthcare products healthcare services specialty distribution aerospace and defense manufacturing oil and gas services consumer products components manufacturing industrial cleaning and coatings transportation services financial services and building products manufacturing among others. The Company’s investment advisor is Fidus Investment Advisors LLC.

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