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.

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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 is well-prepared for upcoming market volatility with a defensive portfolio and a higher proportion of fixed-rate debt investments. FDUS's dividend coverage is solid, with potential for growth and additional distributions, offering an attractive yield even in a worst-case scenario. The company's valuation is compelling, though it tends to trade at a discount to NAV, which could limit its growth prospects but presents an attractive entry point.

Fidus Investment: Is Mr Market Sleeping On This ~13% Yield?

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Fidus Investment easily covered its base dividend with adjusted net investment income in Q2, ensuring sustainability even amid recession fears. The BDC focuses on First Lien debt, offering a compelling investment for passive income investors with a high-quality portfolio and competitive dividend yield. Fidus Investment's low payout ratio and excess portfolio income enable substantial supplemental dividends, enhancing the effective yield to approximately 11.8%.

Fidus Investment: 12% Yield, Solid Coverage, Low NAV Premium

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3 Pillars To Minimize BDC Dividend Cut Risk In Your Portfolio

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We provide a Q2 update of the business development company Fidus Investment. Q1 adjusted net income fell. However, the company continues to deliver strong results. Fidus Investment offers a low valuation compared to its performance and is a good opportunity for diversification in the BDC market.

Fidus Investment: Another Strong Quarter For This 11.8%-Yielding BDC

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Fidus Investment just reported its Q2, 2024 earnings. By glancing over the results, the immediate reaction could be negative. Yet, if we dissect the underlying financials in a more detailed manner, we will notice multiple reasons why it makes sense to remain bullish.

Fidus Investment Q2: Yet Another Quarter Which Confirms The Bull Case

Fidus Investment Corporation (NASDAQ:FDUS ) Q2 2024 Earnings Conference Call August 2, 2024 9:00 AM ET Company Participants Jody Burfening - Investor Relations Edward Ross - Chairman, Chief Executive Officer Shelby Sherard - Chief Financial Officer Conference Call Participants Bryce Rowe - B. Riley Robert Dodd - Raymond James Mickey Schleien - Ladenburg Paul Johnson - KBW Operator Good day and welcome to the Fidus Second Quarter 2024 Earnings Conference Call.

Fidus Investment Corporation (FDUS) Q2 2024 Earnings Call Transcript

Fidus Investment operates as a BDC focusing on lower middle market companies, offering a high dividend yield of 14.2% that is well-supported. Portfolio strategy emphasizes risk management, with diverse investments and strong underwriting leading to improved non-accrual rates. Net investment income covers the base distribution by a large 132%. As a result, a supplemental distribution of $0.14 per share has been issued.

Fidus Investment: Q2 Earnings Reinforces Strong Cash Generation To Support Distribution (Rating Upgrade)

Fidus Investment (FDUS) came out with quarterly earnings of $0.57 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.62 per share a year ago.

Fidus Investment (FDUS) Q2 Earnings Match Estimates

Board of Directors Declared Total Dividends of $0.57 per Share for Third Quarter 2024 Base Dividend of $0.43 and Supplemental Dividend of $0.14 Per Share EVANSTON, Ill., Aug. 01, 2024 (GLOBE NEWSWIRE) -- Fidus Investment Corporation (NASDAQ:FDUS) (“Fidus” or the “Company”), a provider of customized debt and equity financing solutions, primarily to lower middle-market companies based in the United States, today announced its financial results for the second quarter ended June 30, 2024.

Fidus Investment Corporation Announces Second Quarter 2024 Financial Results

EVANSTON, Ill., July 25, 2024 (GLOBE NEWSWIRE) -- Fidus Investment Corporation (NASDAQ: FDUS) (“Fidus” or the “Company”) today announced that it will report its second quarter 2024 financial results on Thursday, August 1, 2024 after the close of the financial markets.

Fidus Investment Corporation Schedules Second Quarter 2024 Earnings Release and Conference Call

On a YTD basis, Fidus Investment has delivered positive total returns, but slightly underperformed the BDC index. This is mostly related to the FDUS ETF's defensive characteristics, which decrease the beta profile, thus making it less sensitive to systematic price surges in the BDC space. Looking at the Q1 2024 earnings dynamics, we will notice mixed dynamics.

Fidus Investment: The Case Has Become More Attractive After Q1 2024

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Fidus Investment Corporation has a reputation for distributing large special dividends to shareholders. The company's core dividend pay-out ratio in Q1 was below 100% and its net asset value remained stable. Fidus Investment's equity portfolio is performing well, making it a compelling value proposition for passive income investors.

Fidus Investment: 9% Covered Yield, Growth And Special Dividend Potential

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We provide a Q1 update of the BDC Fidus Investment Corp. Q1 adjusted net income fell for the second consecutive quarter, but the company continues to deliver strong results. FDUS offers a low valuation compared to its performance and is a good opportunity for diversification in the BDC market.

Fidus Investment: A Good Entry Point For This 11.9%-Yielding Top BDC Performer (Rating Upgrade)

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The company has shown solid growth year-over-year, with an increase in total portfolio value crossing the $1 billion mark.

Fidus Investment: Perfect BDC To Buy On A Pullback And Collect A Potential Double-Digit Yield

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Fidus Investment is a strong performing Business Development Company (BDC) with high income and price appreciation. FDUS has outperformed many industry peers in terms of total return, likely due to its vulnerability to interest rates. I worry that once rates go down, FDUS will as well. FDUS focuses on lower middle market companies and has a diversified portfolio, with a majority of investments in 1st lien senior secured debt.

Fidus Investment: Dividend Is Covered With Large Margin Of Safety

Fidus Investment Corporation (NASDAQ:FDUS ) Q1 2024 Results Conference Call May 3, 2024 9:00 AM ET Company Participants Jody Burfening - IR Ed Ross - Chairman, CEO Shelby Sherard - CFO Conference Call Participants Robert Dodd - Raymond James Mickey Schleien - Ladenburg Bryce Rowe - B. Riley Paul Johnson - KBW Erik Zwick - Hovde Group Operator Good day, and welcome to the Fidus First Quarter 2024 Earnings Conference Call.

Fidus Investment Corporation (FDUS) Q1 2024 Earnings Call Transcript

Board of Directors Declared Total Dividends of $0.59 per Share for Second Quarter 2024 Base Dividend of $0.43 and Supplemental Dividend of $0.16 Per Share

Fidus Investment Corporation Announces First Quarter 2024 Financial Results

News for Fidus Investment ETF (FDUS)