Fidus Investment Corporation (FDUS) Holdings Raised by Sumitomo Mitsui Asset Management Company LTD
Sumitomo Mitsui Asset Management Company LTD boosted its holdings in shares of Fidus Investment Corporation (NASDAQ:FDUS) by 9.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 286,058 shares of the asset manager’s stock after purchasing an additional 25,711 shares during the period. Sumitomo Mitsui Asset Management Company LTD’s holdings in Fidus Investment Corporation were worth $4,599,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Raymond James Financial Services Advisors Inc. lifted its stake in Fidus Investment Corporation by 4.3% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 496,469 shares of the asset manager’s stock worth $7,983,000 after purchasing an additional 20,675 shares during the last quarter. Alpha Cubed Investments LLC bought a new stake in Fidus Investment Corporation during the third quarter worth $235,000. Public Employees Retirement System of Ohio bought a new stake in Fidus Investment Corporation during the second quarter worth $1,800,000. Kingfisher Capital LLC bought a new stake in Fidus Investment Corporation during the second quarter worth $219,000. Finally, Moors & Cabot Inc. bought a new stake in Fidus Investment Corporation during the second quarter worth $349,000. Hedge funds and other institutional investors own 30.74% of the company’s stock.
Several equities research analysts have weighed in on FDUS shares. Zacks Investment Research upgraded Fidus Investment Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, October 4th. BidaskClub cut Fidus Investment Corporation from a “buy” rating to a “hold” rating in a research note on Friday, July 14th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $17.50.
Fidus Investment Corporation 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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