B. Riley Securities Maintains Buy Rating for Fidus Investment: Here's What You Need To Know

B. Riley Securities has decided to maintain its Buy rating of Fidus Investment FDUS and raise its price target from $21.00 to $22.00.

Shares of Fidus Investment are trading down 0.1% over the last 24 hours, at $20.78 per share.

A move to $22.00 would account for a 5.87% increase from the current share price.

About Fidus Investment

Fidus Investment Corp is an externally managed, closed-end, non-diversified management investment company that has elected to be treated as a business development company. The company provides customized debt and equity financing solutions to lower middle-market companies, which management generally defines as U.S. based companies with revenues between $10 million and $150 million. The company's investment objective is to provide attractive risk-adjusted returns by generating both current income from debt investments and capital appreciation from equity-related investments.

About Analyst Ratings

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Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.