Welcome to our dedicated page for Fidus Investment news (Ticker: FDUS), a resource for investors and traders seeking the latest updates and insights on Fidus Investment stock.
Fidus Investment Corporation (symbol: FDUS) is a reputable business development company (BDC) that provides customized debt and equity financing solutions focusing on lower middle-market companies in the United States. As an externally managed, closed-end, non-diversified management investment company, Fidus has elected to be treated under the Investment Company Act of 1940 as a BDC. The primary objective is to offer attractive risk-adjusted returns through generating current income from debt investments and capital appreciation from equity-related investments.
Fidus specializes in various financial transactions such as leveraged buyouts, refinancings, change of ownership transactions, recapitalizations, and strategic acquisitions. Their investment modalities include mezzanine, growth capital, business expansion investments, and a variety of debt and equity vehicles like subordinated and second lien loans, senior secured debt, preferred equity, and warrants.
Fidus generally avoids turnarounds or distressed situations. Instead, the firm focuses on sectors including aerospace and defense, business services, consumer products, healthcare products, industrial services, IT services, niche manufacturing, transportation, and value-added distribution. The typical investment size ranges from $5 million to $15 million per transaction.
In recent developments, Fidus has been actively growing its portfolio. For instance, in the third quarter of 2023, Fidus invested $18.0 million in first lien debt and preferred equity in White Label Communications, LLC. They also issued $3.0 million in SBA debentures and exited their debt investments in GP&C Operations, LLC and Power Grid Components, Inc., receiving payments in full including prepayment fees.
In the fourth quarter of 2023, Fidus highlighted their financial growth with $957.9 million of assets under management on a fair value basis. The firm generated an adjusted net investment income (NII) of $0.65 per share, surpassing the base dividend of $0.43 per share. For the entire year, adjusted NII per share grew by 36.2% to $2.56, and Fidus realized net gains of $0.85 per share while distributing a total of $2.88 per share to shareholders.
Looking forward, Fidus aims to continue its selective portfolio growth strategy to achieve its long-term objectives of enhancing net asset value, preserving capital, and delivering attractive risk-adjusted returns.
Fidus Investment Corporation (NASDAQ: FDUS) announced it will report its first quarter 2023 financial results on May 4, 2023, after market close. A conference call to discuss these results is scheduled for May 5, 2023, at 9:00 AM ET. Interested participants can join the call by dialing in or via live webcast available on the company’s investor relations website. Fidus specializes in providing tailored debt and equity financing solutions to lower middle-market companies, typically with revenues between $10 million and $150 million. The company aims for attractive risk-adjusted returns, focusing on income from debt investments and potential capital appreciation from equity investments. Fidus operates as a business development company under the Investment Company Act of 1940.
Fidus Investment Corporation (NASDAQ:FDUS) announced a total dividend of $0.66 per share for Q1 2023, increasing the base dividend to $0.41 per share, indicating improved earnings power. For Q4 2022, total investment income rose to $27.5 million, with net investment income reaching $12.5 million or $0.51 per share. For the full year, total investment income was $94.1 million, net investment income increased by 85.3% to $46.5 million, and the company paid total dividends of $2.00 per share. As of December 31, 2022, net asset value was $480.3 million, or $19.43 per share.
Fidus Investment Corporation (NASDAQ: FDUS) will report its fourth quarter 2022 financial results on March 2, 2023, after market close. A conference call is scheduled for March 3, 2023, at 9:00 AM ET, where management will discuss the results. Interested parties can access the call by dialing in or through a live webcast available on their investor relations website. Fidus provides customized debt and equity financing to U.S. lower middle-market companies. They aim for attractive risk-adjusted returns through current income and capital appreciation from their investments.
Fidus Investment Corporation (NASDAQ:FDUS) announced on February 15, 2023, the declaration of a total dividend of $0.66 per share, comprising a base dividend of $0.41, a supplemental dividend of $0.15, and a special dividend of $0.10. These dividends will be payable on March 29, 2023, to stockholders on record as of March 22, 2023. The company reviews taxable income estimates for dividends, considering factors like unrealized appreciation and income recognition discrepancies. Fidus offers a Dividend Reinvestment Plan (DRIP) for stockholders, allowing cash dividends to be reinvested automatically unless opted out.
Fidus Investment Corporation (NASDAQ: FDUS) has announced a deemed distribution of $1.65 per share for shareholders of record as of December 31, 2022, totaling $40,800,850. Additionally, 2022 dividends include $2.00 per share, with 40.64% long-term capital gains, 55.65% ordinary income, and 3.71% qualified dividends. Long-term capital gains and qualified dividends may qualify for favorable treatment under U.S. tax law, generally subject to a maximum 20% federal income tax rate. These distributions aim to support the company's strategy of reinvesting in income-producing debt assets for future growth.
Fidus Investment Corporation (NASDAQ:FDUS) reported strong third-quarter results for 2022, with total investment income reaching $25.0 million. Net investment income surged to $12.7 million or $0.52 per share, marking a 148.5% increase year-over-year. The company declared a base dividend of $0.36 and supplemental dividend of $0.15 for Q4 2022. Additionally, a special dividend of $0.10 per share was approved. As of September 30, 2022, net asset value stood at $474.4 million, or $19.41 per share, reflecting stable portfolio growth and investment performance.
FAQ
What is the current stock price of Fidus Investment (FDUS)?
What is the market cap of Fidus Investment (FDUS)?
What does Fidus Investment Corporation specialize in?
What types of investments does Fidus avoid?
Which sectors does Fidus prefer to invest in?
What is the typical investment size for Fidus?
What are some recent achievements of Fidus?
How has Fidus performed financially in recent quarters?
What is the investment strategy of Fidus?
Where is Fidus Investment Corporation based?
Who manages Fidus Investment Corporation?
What was a highlight from Fidus' fourth-quarter financial results?
