Fidus Investment (FDUS)
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2 High Yield BDCs With One Of The Lowest Debt Profiles
Seeking Alpha· 2024-08-24 13:41
olm26250/iStock via Getty Images Since BDCs distribute almost all of its earnings in dividends and employ high amounts of external leverage to fund investments that provide a decent spread from the cost of debt, this specific asset class is quite attractive for high-yield seeking investors. An additional layer, which renders BDCs interesting is that in contrast to pure fixed income securities or preferred shares, where decent yields could be found as well, by investing in BDCs investors can access a slight ...
Fidus Investment Q2: Yet Another Quarter Which Confirms The Bull Case
Seeking Alpha· 2024-08-05 00:20
Galeanu Mihai I have been covering Fidus Investment (NASDAQ:FDUS) since late December last year, and issuing follow-up articles after each earnings report. The overarching investment thesis is based on durable cash flow that is underpinned by a strong portfolio base operating in inherently defensive industries. In other words, FDUS is one of the few BDCs out there, where investors could really count on capturing the base dividends in a sustainable manner even if the interest rates fall back to extremely acc ...
Fidus Investment (FDUS) - 2024 Q2 - Earnings Call Transcript
2024-08-03 01:28
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. All participants will be in listen-only mode. [Op ...
Fidus Investment: Q2 Earnings Reinforces Strong Cash Generation To Support Distribution (Rating Upgrade)
Seeking Alpha· 2024-08-02 12:04
susandaniels/iStock via Getty Images Overview Fidus Investment (NASDAQ:FDUS) operates as a business development company that generates its earnings by making debt and equity investments within lower middle market companies. I previously covered FDUS in May and rated it a hold. The total return since then has been mostly flat, but FDUS just released their Q2 earnings, so I wanted to revisit this BDC to provide some updated insights and outlook. FDUS has been a strong performer over the course of the pandemic ...
Fidus Investment (FDUS) Q2 Earnings Match Estimates
ZACKS· 2024-08-01 23:25
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. These figures are adjusted for non-recurring items. A quarter ago, it was expected that this closed-end investment company would post earnings of $0.59 per share when it actually produced earnings of $0.59, delivering no surprise. Over the last four quarters, the company has surpassed consensus EPS estimates two times. Fidus Investme ...
Fidus Investment (FDUS) - 2024 Q2 - Quarterly Report
2024-08-01 20:06
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, 2024 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) - 2024 Q2 - Quarterly Results
2024-08-01 20:05
Exhibit 99.1 FIDUS INVESTMENT CORPORATION ANNOUNCES SECOND QUARTER 2024 FINANCIAL RESULTS 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., August 1, 2024 – 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 r ...
Fidus Investment Corporation Announces Second Quarter 2024 Financial Results
GlobeNewswire News Room· 2024-08-01 20:05
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. Second Quarter 2024 Fi ...
Fidus Investment Corporation Schedules Second Quarter 2024 Earnings Release and Conference Call
GlobeNewswire News Room· 2024-07-25 20:05
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. Company Contact: Investor Relations Contact: Shelby E. Sherard LHA Investor Relations Chief Financial Officer Jody Burfening Fidus Investment Corporation (212) 838-3777 (847) 859-3938 JBurfening@lhai.com Management will host a conference call ...
Fidus Investment: The Case Has Become More Attractive After Q1 2024
Seeking Alpha· 2024-06-17 20:16
da-kuk YCharts Thesis review The bottom line I have been covering Fidus Investment (NASDAQ:FDUS) since December last year, when I issued my first bullish article on this business development company, or BDC. Since then, I have circulated a follow-up article assessing the Q4, 2023 results, where the conclusion was also clear - i.e., to maintain a buy rating. On a YTD basis, FDUS has delivered positive total returns, but to a lower extent as the overall BDC market. All in all, this is fairly logical given tha ...