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Fidus Investment (FDUS) - 2022 Q4 - Annual Report
2023-03-01 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 814-00861 FIDUS INVESTMENT CORPORATION (Exact Name of Registrant as Specified in Its Charter) Maryland 27-5017321 (State or Other Jurisdicti ...
Fidus Investment (FDUS) - 2022 Q3 - Earnings Call Transcript
2022-11-04 21:29
Fidus Investment (NASDAQ:FDUS) Q3 2022 Earnings Conference Call November 4, 2022 9:00 AM ET Company Participants Jody Burfening - IR Edward Ross - Chairman & CEO Shelby Sherard - CFO, Chief Compliance Officer & Secretary Conference Call Participants Bryce Rowe - B. Riley Financing Robert Dodd - Raymond James Ryan Lynch - KBW Mickey Schleien - Ladenburg Operator Good morning. My name is Abby, and I will be your conference operator today. At this time, I would like to welcome everyone to the Fidus Quarter Thr ...
Fidus Investment (FDUS) - 2022 Q3 - Quarterly Report
2022-11-02 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________ FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 814-00861 Fidus Investment Corporation (Exact Name of Registrant as Specified in its Charter) Maryland 27-50173 ...
Fidus Investment (FDUS) - 2022 Q2 - Earnings Call Transcript
2022-08-05 23:34
Start Time: 09:00 January 1, 0000 9:39 AM ET Fidus Investment (NASDAQ:FDUS) Q2 2022 Earnings Conference Call August 05, 2022, 09:00 AM ET Company Participants Ed Ross - Chairman and CEO Shelby Sherard - CFO, Chief Compliance Officer and Secretary Jody Burfening - IR Conference Call Participants Robert Dodd - Raymond James Ryan Lynch - Keefe, Bruyette & Woods Mickey Schleien - Ladenburg Operator Good day, and welcome to the Fidus Second Quarter 2022 Earnings Call. Today's call is being recorded. I would now ...
Fidus Investment (FDUS) - 2022 Q2 - Quarterly Report
2022-08-03 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________ FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 814-00861 Fidus Investment Corporation (Exact Name of Registrant as Specified in its Charter) Maryland 27-5017321 (S ...
Fidus Investment (FDUS) - 2022 Q1 - Earnings Call Presentation
2022-05-06 16:44
FIDUS T ME NT Investor Presentation NASDAQ: Common Stock – FDUS Disclosure Fidus Investment Corporation ("Fidus") cautions that statements in this presentation that are forward- looking, and provide other than historical information, involve risks and uncertainties that may impact our future results of operations. The forward-looking statements in this presentation are based on current conditions and include statements regarding our goals, beliefs, strategies and future operating results and cash flows, inc ...
Fidus Investment (FDUS) - 2022 Q1 - Earnings Call Transcript
2022-05-06 16:15
Financial Data and Key Metrics Changes - Adjusted net investment income was $10.6 million or $0.43 per share, down from $11.2 million or $0.46 per share year-over-year [8] - Net asset value remained steady at $48.5 million or $19.91 per share, reflecting solid operating performance and net realized gains [8] - Total investment income decreased to $20.5 million, a $3.6 million decline from the previous quarter [23] - Total expenses were $10.2 million, approximately $11.5 million lower than the prior quarter [24] - Debt-to-equity ratio as of March 31 was 0.8 times, with a weighted average interest rate on outstanding debt at 3.7% [26][27] Business Line Data and Key Metrics Changes - Net originations for the quarter were $91.2 million, with $114.4 million invested in debt and equity securities [11] - The largest percentage of debt investments was in first lien debt, amounting to $76.7 million for the first quarter [11] - The fair value of the portfolio at quarter-end was $812 million, equal to 112.8% of cost [17] Market Data and Key Metrics Changes - The portfolio composition has shifted, with senior debt now comprising almost 70% of the debt portfolio [33] - The weighted average effective yield on debt investments was 11.9% as of March 31 [30] Company Strategy and Development Direction - The company aims to continue investing in high-quality, lower middle market businesses with resilient business models [7] - The focus remains on maintaining underwriting standards and generating attractive risk-adjusted returns [21] - The outlook for 2022 remains unchanged, expecting continued healthy deal activity driven by M&A and refinancing [20] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the quality of the portfolio, stating it is as good as it has ever been [33] - The company is focused on businesses with pricing power to manage risks associated with inflation and supply chain issues [43] - There is a belief that the current investment environment remains favorable for high-quality assets despite economic uncertainties [38] Other Important Information - The company paid a total dividend of $0.53 per share during the first quarter, with a base dividend of $0.36 and a supplemental cash dividend of $0.17 [10] - Subsequent to the quarter, the company invested a total of $19.5 million in two new portfolio companies [16] Q&A Session Summary Question: Credit outlook for year-end 2022 - Management noted that the portfolio quality is strong and does not expect material negative changes [33] Question: Deal flow for equity co-invest opportunities - Management confirmed continued incremental equity investments and a healthy level of M&A activity [35] Question: Current marketplace evaluation and investment focus - Management emphasized a focus on companies with pricing power and free cash flow to mitigate risks [43] Question: Changes in yields and spreads in the current market - No significant pushback on spreads has been observed, and no demand for fixed rates has emerged [47] Question: Access to future SBA debentures - Management provided details on the current status of SBA debentures and future borrowing capacity [49] Question: Spillover income and potential for special dividends - Management is monitoring spillover income but does not foresee significant adjustments at this time [52]
Fidus Investment (FDUS) - 2022 Q1 - Quarterly Report
2022-05-04 16:00
Title of each class Trading Symbol Name of each exchange on which registered Common Stock, par value $0.001 per share FDUS The NASDAQ Global Select Market UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________ FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transitio ...
Fidus Investment (FDUS) - 2021 Q4 - Earnings Call Transcript
2022-03-04 21:08
Fidus Investment (NASDAQ:FDUS) Q4 2021 Earnings Conference Call March 4, 2022 9:00 AM ET Company Participants Ed Ross - Chairman and CEO Shelby Sherard - CFO, Chief Compliance Officer and Secretary Jody Burfening - IR Conference Call Participants Robert Dodd - Raymond James Ryan Lynch - Keefe Bruyette & Woods Bryce Rowe - Hovde Group Sarkis Sherbetchyan - B. Riley Securities Mickey Schleien - Ladenburg Thalmann Operator Good day, and thank you for standing by. Welcome to the Fidus Fourth Quarter 2021 Earnin ...
Fidus Investment (FDUS) - 2021 Q4 - Annual Report
2022-03-02 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________ Form 10-K (Mark One) ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 814-00861 FIDUS INVESTMENT CORPORATION (Exact Name of Registrant as Specified in Its Charter) Maryland 27-5017321 (State or ...