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UPDATE: Oppenheimer Raises PT on Fidus Investment Corp. on Expected Continued Growth


In a report published Monday, Oppenheimer reiterated its Outperform rating on Fidus Investment Corp. (NASDAQ: FDUS), and slightly raised its price target from $18.00 to $19.00.

Oppenheimer noted, “Fidus has been the single best-performing business development company in our 18-member BDC tracking group since its June 2011 IPO with a total shareholder return versus the group average of 18%. With that appreciation, the stock is essentially trading at our price target; however, we expect that FDUS will continue to be a good dividend growth story and are expecting a 8.5% dividend yield in 2013 growing to 9.1% in 2014. Thus, in a low rate environment, this is still a good total return, even though some of the lagging BDCs are probably better ‘new money' investments at this juncture.”

Fidus Investment Corp. closed on Friday at $18.83.

Latest Ratings for FDUS

Aug 2019DowngradesBuyNeutral
Jun 2019Initiates Coverage OnBuy
Jan 2017Initiates Coverage OnMarket Perform

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Posted-In: OppenheimerAnalyst Color Price Target Analyst Ratings


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