Profile
Sector:
Financial ServicesIndustry:
Asset ManagementCountry:
United StatesIPO:
21 June 2011Website:
http://www.fdus.comNext earnings report:
28 February 2025Last dividends:
19 September 2024Next dividends:
17 December 2024Price
after hours | Fri, 01 Nov 2024 21:06:33 GMTAnalysts recommendations
Institutional Ownership
FDUS Latest News
Fidus Investment is a business development company, which tends to be sensitive to changes in the interest rate environment. FDUS portfolio is well-diversified and oriented around mostly debt investments in the US. I've examined the safety of FDUS distributions, which led me to believe there will be more specials along the way.
Fidus Investment (NASDAQ:FDUS ) Q3 2024 Earnings Conference Call November 1, 2024 9:00 AM ET Company Participants Jody Burfening - Investor Relations Ed Ross - Chairman & Chief Executive Officer Shelby Sherard - Chief Financial Officer Conference Call Participants Robert Dodd - Raymond James Paul Johnson - KBW Bryce Rowe - B. Riley Operator Good day and welcome to the Fidus Third Quarter 2024 Earnings Conference Call.
Fidus Investment (FDUS) came out with quarterly earnings of $0.61 per share, beating the Zacks Consensus Estimate of $0.57 per share. This compares to earnings of $0.68 per share a year ago.
Board of Directors Declared Total Dividends of $0.61 per Share for Fourth Quarter 2024 Base Dividend of $0.43 and Supplemental Dividend of $0.18 Per Share EVANSTON, Ill., Oct. 31, 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 third quarter ended September 30, 2024.
EVANSTON, Ill., Oct. 25, 2024 (GLOBE NEWSWIRE) -- Fidus Investment Corporation (NASDAQ: FDUS) (“Fidus” or the “Company”) today announced that it will report its third quarter 2024 financial results on Thursday, October 31, 2024 after the close of the financial markets.
The outlook for BDCs is not that bright, especially for those names that have chosen risk-seeking strategies. The headwinds include lower interest rates, increased corporate distress, and inactive M&A and capital markets. However, just as in any asset class or sector, there are exceptions.
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 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 (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.
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.
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What type of business is Fidus Investment?
Fidus Investment Corporation is a business development company. It specializing in leveraged buyouts, refinancings, change of ownership transactions, recapitalizations, strategic acquisitions, mezzanine, growth capital, business expansion, lower middle market investments, debt investments, subordinated and second lien loans, senior secured and unitranche debt, preferred equity, warrants, subordinated debt, senior subordinated notes, junior secured loans, and unitranche loans. It does not invest in turnarounds or distressed situations. The fund prefers to invest in aerospace and defense, business services, consumer products and services including retail, food, and beverage, healthcare products and services, industrial products and services, information technology services, niche manufacturing, transportation and logistics, and value-added distribution sectors. It seeks to invest in companies based in United States. The fund typically invests between $5 million and $15 million per transaction in companies with annual revenues between $10 million and $150 million and an annual EBITDA between $3 million and $20 million, but it can occasionally invest in larger or smaller companies. It seeks to acquire minority equity stakes and board observation rights in conjunction with its investments.
What sector is Fidus Investment in?
Fidus Investment is in the Financial Services sector
What industry is Fidus Investment in?
Fidus Investment is in the Asset Management industry
What country is Fidus Investment from?
Fidus Investment is headquartered in United States
When did Fidus Investment go public?
Fidus Investment initial public offering (IPO) was on 21 June 2011
What is Fidus Investment website?
https://www.fdus.com
Is Fidus Investment in the S&P 500?
No, Fidus Investment is not included in the S&P 500 index
Is Fidus Investment in the NASDAQ 100?
No, Fidus Investment is not included in the NASDAQ 100 index
Is Fidus Investment in the Dow Jones?
No, Fidus Investment is not included in the Dow Jones index
When was Fidus Investment the previous earnings report?
No data
When does Fidus Investment earnings report?
The next expected earnings date for Fidus Investment is 28 February 2025