Fidus Investment

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.

Earnings data Q1 2021

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Earnings data Q4 2024

Fidus Investment reports strong Q1 earnings, eyes growth opportunities

Fidus Investment delivered a robust performance in Q1 2024, demonstrating growth in originations, income, dividends, and net asset value.
The company's strengths lie in portfolio management, risk mitigation, and proactive investment strategies, positioning it for long-term success.
Challenges include potential slowdown in investment activity and external market risks, requiring strategic adaptation and risk management.
Opportunities for growth through increased deal flow, strategic investments, and sector focus present avenues for future expansion and value creation.

Fidus Investment (FDUS) posts strong Q2 results, eyes middle market growth

Fidus Investment (FDUS) reported robust financial results in Q2, showcasing growth in net investment income and a healthy portfolio. Despite facing challenges in managing debt and leverage, the company remains optimistic about deal flow and M&A prospects in the lower middle market.

Fidus Investment (FDUS) reports record interest income and portfolio growth

Fidus Investment's Q3 2024 earnings call showcased strong financial results, strategic initiatives, and a focus on high-quality investments. The company's performance reflects resilience amidst market challenges and positions it well for future growth.

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Fidus Investment Corporation has a growing investment portfolio and a moderate pay-out ratio based on adjusted net investment income. The BDC comfortably covered its dividend with adjusted NII in the fourth quarter and pays special dividends to distribute excess portfolio income. The stock is selling at a 2% discount to net asset value and offers a well-covered 9% yield.

Fidus Investment: A Solid 9% Yield For Passive Income Investors

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.

Fidus Investment: Improving Across The Board, It Is A Buy Now

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Surrounded by the smoothness of the Tuscan landscape, I have always thought that the pursuit of harmony in human activities is the first step toward happiness. I also chase a balance in investments, seeking to create a portfolio whose securities provide a steady cash flow over time and grow the nominal capital invested.

My 9% Income Portfolio - Harmony In Investment

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Fidus Investment offers a strong opportunity for investors looking to diversify away from popular upper middle-market BDCs. Fidus Investment reported a decrease in adjusted net income in Q4 as a result of seasonal tax impact and share issuance, however its total investment income rose. Portfolio quality remained steady, with a low level of non-accruals.

Fidus Investment: This 13.4%-Yielding BDC Remains A High Performance Outlier

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About the author:  Amit Nar is a stock market aficionado and would love to hear from you on X @alphaintelligence or at The Market Institution discord.

Want $4000 In Passive Income? Invest $1250 Into These 24 Dividend Stocks

Fidus Investment (NASDAQ:FDUS ) Q4 2024 Earnings Conference Call March 1, 2024 9:00 AM ET Company Participants Jody Burfening - Investor Relations Edward Ross - Chairman of the Board, Interested Director and CEO Shelby Sherard - CFO, Chief Compliance Officer and Secretary Conference Call Participants Operator Good morning and welcome to the Fidus Fourth Quarter 2023 Earnings Conference Call. All participants will be in listen-only mode.

Fidus Investment (FDUS) Q4 2024 Earnings Call Transcript

Board of Directors Declared Total Dividends of $0.65 per Share for First Quarter 2024 Base Dividend of $0.43 and Supplemental Dividend of $0.22 Per Share

Fidus Investment Corporation Announces Fourth Quarter And Full Year 2023 Financial Results

EVANSTON, Ill., Feb. 23, 2024 (GLOBE NEWSWIRE) -- Fidus Investment Corporation (NASDAQ: FDUS) (“Fidus” or the “Company”) today announced that it will report its fourth quarter 2023 financial results on Thursday, February 29, 2024 after the close of the financial markets.

Fidus Investment Corporation Schedules Fourth Quarter 2023 Earnings Release and Conference Call

Passive income can seem too good to be true! Money in your pocket for doing nothing?

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EVANSTON, Ill., Feb. 14, 2024 (GLOBE NEWSWIRE) -- Fidus Investment Corporation (NASDAQ:FDUS) (“Fidus” or the “Company”) today announced that its Board of Directors on February 13, 2024 declared a base dividend of $0.43 per share and a supplemental dividend of $0.22 per share for the first quarter of 2024. The Company's dividends will be payable on March 27, 2024 to stockholders of record as of March 20, 2024.

Fidus Investment Corporation Declares First Quarter 2024 Dividend

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For those who invest for dividends, the goal is to look for securities that can guarantee sustainable dividends and distributions over time. Choices about how to deploy the income generated by those instruments are personal and depend on each investor's needs, financial means, and age.

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Total Return is the actual rate of return for an investment over a given evaluation period, typically one, three, five, or ten years. The Total NAV Return is the sum of all dividends/distributions, assuming they are reinvested, plus the change in the NAV of the fund, be it positive or negative. However, managing our portfolio is not only about applying financial rules, because it is not certain that dividends can and will always be reinvested.

My 9% Income Portfolio-Living Off Dividends

Fidus Investment has performed well in 2023 rewarding shareholders with extra income in the form of specials & supplementals. FDUS has a 3-year dividend growth rate of 43.33%, beating out Capital Southwest's 39.02%. Additionally, the BDC has impressive 3 & 5-year total returns. This coupled with their dividend growth has all the makings of a future superstar in the sector.

Fidus Investment: Great Long-Term Holding For Income Investors?

Fidus Investment Corporation faces concerns over overpaid dividends and potential lower NII in a low-rate environment. I'm considering modifying my stock classification to sell if the margin of dividend safety erodes. Limited income and dividend growth potential moving forward leads to a hold rating for FDUS.

Fidus Investment: A Hold With A 13% Yield (Downgrade)

Fidus Investment is a BDC that provides customized debt and equity financing solutions to lower mid-cap businesses. The company prefers conservative investments, with niche market leaders, diversified customer and supplier bases, and strong management teams. The financial conditions of FDUS portfolio companies are strong with average net leverage of only 5.3x and interest coverage of 3.0x.

Fidus Investment: Attractive Yield Of 14% Yet A Thin Margin Of Safety

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Buying a business development company (BDCs) is kinda, sorta like investing like a venture capitalist (VC).

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News for Fidus Investment ETF (FDUS)