2024-03-24 05:08:44 ET
Summary
- Fidus Investment has underperformed the benchmark by 230 basis points since the publication of my relatively conservative article back in December last year.
- Yet, now after assessing the Q4 results and factoring in the improvements within the key fundamental metrics, I have decided to assign buy for FDUS.
- In this article, I synthesize Q4 results and justify why I am upgrading the rating from hold to buy.
December last year, I began covering several BDCs and one of them was Fidus Investment ( FDUS ). At that time considering FDUS's fundamentals and market environment, I decided to assume a more neutral stance setting a "hold" rating.
Since the publication of my article, the BDC has underperformed the benchmark by roughly 230 basis points (on a total return basis)....
Read the full article on Seeking Alpha
For further details see:
Fidus Investment: Improving Across The Board, It Is A Buy Now