In a report released today, Chris Kotowski from Oppenheimer maintained a Buy rating on Fidus Investment (FDUS), with a price target of $14.00. The company’s shares closed last Friday at $10.25.
According to TipRanks.com, Kotowski is a 4-star analyst with an average return of 4.7% and a 59.0% success rate. Kotowski covers the Financial sector, focusing on stocks such as Apollo Global Management, Focus Financial Partners, and JPMorgan Chase & Co.
Fidus Investment has an analyst consensus of Moderate Buy, with a price target consensus of $11.50.
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Based on Fidus Investment’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $26.97 million. In comparison, last year the company earned revenue of $12.66 million and had a net profit of $11.37 million.
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Fidus Investment Corp operates as an externally managed business development company. It provides customized debt and equity financing solutions to lower middle-market companies with revenues of $10 – $150 million. The company was founded on February 14, 2011 and is headquartered in Evanston, IL.
