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.

, 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.