Fidus Investment Corporation (FDUS)
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- symbol FDUS
- Rev/Share 3.4352
- Book/Share 19.9049
- PB 0.9952
- Debt/Equity 0.2601
- CurrentRatio 111.0094
- ROIC 0.9952
- MktCap 687826477.0
- FreeCF/Share 1.6652
- PFCF 11.5634
- PE 8.6644
- Debt/Assets 0.1448
- DivYield 0.1085
- ROE 0.1194
- Rating B+
- Score 3
- Recommendation Neutral
- P/E Score 3
- DCF Score 1
- P/B Score 3
- D/E Score 3
Recent Analyst Ratings
| Type | Ticker | Analyst Firm | Previous Rating | Current Rating | Previous Price Target | Current Price Target | Date |
|---|---|---|---|---|---|---|---|
| Upgrade | FDUS | Keefe Bruyette | Market Perform | Outperform | -- | $21.5 | Oct. 6, 2025 |
| Downgrade | FDUS | B. Riley Securities | Buy | Neutral | -- | $22.5 | Aug. 13, 2025 |
| Resumed | FDUS | B. Riley Securities | -- | Buy | -- | $22 | May 13, 2025 |
News
My 2 High Conviction BDC Picks To Beef Up Returns
Published: January 08, 2026 by: Seeking Alpha
Sentiment: Positive
I focus on business development companies, or BDCs, with durable dividends, strong downside protection, and resilience to rate and credit risk shifts. However, there is also a merit of including BDCs, which would qualify for tactical investment bucket - i.e., high risk, high return. In the article I outline the rationale of having such exposures and provide two practical examples, which carry high potential to beef up the total return component.
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The Biggest Bargain And The Most Expensive Lottery Ticket I See In The BDC Space
Published: January 07, 2026 by: Seeking Alpha
Sentiment: Neutral
BDC sector valuations remain depressed, with P/NAV metrics under 1x due to falling rates and credit risk concerns. Dividend sustainability is diverging across BDCs; not all will cut, but the ones with sustainable dividends do not automatically have strong total return prospects. I highlight one BDC as a compelling bargain with strong total return prospects and contrast it with another viewed as highly overpriced.
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Correction Alert: Top-Rated Dividend Stocks Due For A Sharp Pullback
Published: January 06, 2026 by: Seeking Alpha
Sentiment: Negative
Blue-chip dividend stocks are generally excellent investments for investors who prioritize a combination of income, total returns, and risk management. Two widely trusted blue-chip dividend stocks may be increasingly at-risk of a sharp pullback. I take a look at why this is the case.
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The Chart That Answers Your Question About BDC Dividend Cuts
Published: January 05, 2026 by: Seeking Alpha
Sentiment: Negative
Investors have started to question how sustainable BDC dividends are. A lot of this skepticism is logical and justified by valid reasons. My calculus shows that on average BDCs could cut their dividends by 20% in order to avoid NAV erosion.
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Consider Selling BDCs Due To Lower Rates? Here's Why It's A Bad Idea
Published: December 31, 2025 by: Seeking Alpha
Sentiment: Neutral
BDC net investment income levels are declining as the Fed lowers rates. Despite lower base rates, I see no reason to rotate out of the BDC sector. In the article I detail how BDCs have outperformed the S&P 500 and high yield credit even in prolonged low-rate environments.
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Buy The Dip: 2 Of The Best Undervalued 8%-10% Yields I've Seen
Published: December 24, 2025 by: Seeking Alpha
Sentiment: Positive
Investors are being handed a rare gift with some high-yielding, undervalued opportunities available right now. Two 8-10% yields look far safer and cheaper than the market assumes. I share a contrarian setup that could quietly deliver very strong total returns.
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My 10%+ Yield Cocktail Of 2026: 1 CEF, 1 BDC And 1 Covered Call ETF
Published: December 23, 2025 by: Seeking Alpha
Sentiment: Positive
We are entering 2026 with record highs and a 3-year bull-run. Investing in 10%+ yielding securities might not be the smartest idea against this kind of backdrop, when, theoretically, we should be considering a risk-off move. However, there are safe and high-yielding exceptions to be found.
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The Silent Killer Of BDC Yields (And My Strategy To Outrun It)
Published: December 15, 2025 by: Seeking Alpha
Sentiment: Neutral
BDCs face earnings pressure from lower base rates, but fears of severe dividend cuts are overstated. Quite many BDCs have several levers to pull in order to absorb ~100 bps of base rate cuts without touching their dividends. Yet, I would say that the non-accrual risk is understated.
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Why I'm Parking 45% Of My BDC Capital In These 2 Names
Published: December 02, 2025 by: Seeking Alpha
Sentiment: Positive
There is certainly no shortage of arguments why not to invest in BDCs. The sector median BDC trades at a 21% discount to NAV. For me, this provides an opportunity to scoop up unfairly punished gems.
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Don't Fear The Pivot: 2 BDCs Built For 10%+ Yields In New Rate Regime
Published: November 26, 2025 by: Seeking Alpha
Sentiment: Negative
BDC earnings are sensitive to interest rates. As there is no meaningful margin of safety in the BDC system, forthcoming interest rate cuts might trigger a wave of dividend cuts. For prudent passive income investors who want to avoid experiencing stress that is associated with dividend reductions, BDCs might not seem like a good option.
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Don't Bury BDC Dividends Just Yet
Published: November 17, 2025 by: Seeking Alpha
Sentiment: Positive
The Fed's dovishness has been the key driver for the BDC sell-off. The idea is that lower interest rates should lead to lower dividends (i.e., BDCs cutting their dividend across the board). While it is a process that takes time, the current data show that many BDCs are well-positioned to safeguard their existing dividends.
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The BDC Bargain Bell Is Ringing
Published: November 13, 2025 by: Seeking Alpha
Sentiment: Neutral
BDCs have had a rough year so far. Yet, Q3 earnings data points indicate that the tide could be turning. While there are some tangible improvements in BDC business environment, many risks remain open.
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Fidus Investment: Double Digit Yield That Fits In Retirement Portfolios
Published: November 11, 2025 by: Seeking Alpha
Sentiment: Positive
FDUS's focus on lower middle market lending, low leverage, and strong equity stakes have driven stability in dividend coverage and NAV yet again. Given that the transaction markets are opening up, FDUS's value proposition has become even more interesting. However, when FDUS announced Q3 results, the market immediately penalized the stock by sending it lower by ~5%.
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Fidus Investment (FDUS) Q3 2025 Earnings Call Transcript
Published: November 07, 2025 by: Seeking Alpha
Sentiment: Neutral
Fidus Investment ( FDUS ) Q3 2025 Earnings Call November 7, 2025 9:00 AM EST Company Participants Jody Burfening - Investor Relations Contact Edward Ross - Chairman of the Board & CEO Shelby Sherard - CFO, Chief Compliance Officer & Corporate Secretary Conference Call Participants Robert Dodd - Raymond James & Associates, Inc., Research Division Mickey Schleien - Clear Street LLC Presentation Operator Good day, and welcome to the Fidus Third Quarter 2025 Earnings Conference Call. [Operator Instructions] Please note this event is being recorded.
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My Top MLP And BDC I'd Buy For Retirement Income
Published: November 03, 2025 by: Seeking Alpha
Sentiment: Positive
There is a theory that says investors have to allocate capital towards the highest risk-adjusted return opportunities (e.g., where the Sharpe ratio is the highest). The return is defined as expected price gain and received income, while the risk is defined as expected share price volatility. Yet, as an income investor, I approach these variables differently. Return is defined as expected income, and risk is defined as the probability of income cut.
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The Riskiest BDCs Might Be The Ones You Trust
Published: October 15, 2025 by: Seeking Alpha
Sentiment: Negative
BDCs have recently suffered a significant downside volatility. There is indeed a justified reason for system-wide valuation adjustments. Yet, for some BDCs the market has gone too far, while for some the necessary level correction has not yet happened.
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Worried About BDCs? These 2 Are There To Offer Sustainable Yields
Published: September 30, 2025 by: Seeking Alpha
Sentiment: Neutral
BDCs are in trouble. It is not only interest rates but also other factors such as tight dividend coverage levels, debt-saturated balance sheets, and spread compression that introduce risks. In my view, many BDCs will very likely cut dividends and burn NAV. In the article, I elaborate on two BDCs, which are headed in the opposite (positive) direction.
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Time To Hunt Bargains In The BDC Forest: 2 Picks At ~20% Discount To NAV
Published: September 24, 2025 by: Seeking Alpha
Sentiment: Positive
BDCs have already experienced a notable correction. The sector median P/NAV metric indicates ~12% discount to NAV. Many players are priced even below that.
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Fidus Investment: Executing On The Macro Environment With Precision
Published: August 27, 2025 by: Seeking Alpha
Sentiment: Positive
Fidus Investment continues to outperform peers by effectively navigating lower base rates and maintaining strong portfolio quality despite macro uncertainty. Their latest quarter showed impressive NAV growth, increased first-lien debt exposure, and a decline in non-accruals, highlighting prudent portfolio management. FDUS maintains a strong balance sheet with low leverage and ample liquidity, supporting dividend safety even if base rates decline further.
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It's All Downhill For Most BDCs, Here Is My Approach
Published: August 13, 2025 by: Seeking Alpha
Sentiment: Negative
Q2 earnings confirmed my call for a market rotation in BDCs; quality bias and selectivity remain critical for outperformance. Structural headwinds—spread compression, falling base rates, and thin dividend coverage—signal elevated risk of further dividend cuts across the sector. Current sector repricing is insufficient for broad new BDC allocations; most remain unattractive except for select names with strong fundamentals.
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Fidus Investment: A Clear BDC Bargain To Buy Now
Published: August 10, 2025 by: Seeking Alpha
Sentiment: Positive
FDUS continues to deliver superior returns, while the overall sector is struggling. The recent quarter shows both earnings and NAV growth, which for an average BDC is not that common anymore. Currently, we can buy FDUS at a premium of 9%.
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Fidus Investment (FDUS) Q2 2025 Earnings Call Transcript
Published: August 08, 2025 by: Seeking Alpha
Sentiment: Neutral
Fidus Investment (NASDAQ:FDUS ) Q2 2025 Earnings Conference Call August 8, 2025 9:00 AM ET Company Participants Edward H. Ross - Chairman of the Board & CEO Shelby Elizabeth Sherard - CFO, Chief Compliance Officer & Corporate Secretary Conference Call Participants Paul Conrad Johnson - Keefe, Bruyette, & Woods, Inc., Research Division Robert James Dodd - Raymond James & Associates, Inc., Research Division Jody Burfening - Lippert/Heilshorn & Associates, Inc. Operator Good morning, everyone, and welcome to the Fidus Second Quarter 2025 Earnings Conference Call.
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Our $20,000 Portfolio Yields 9.3% and Has Crushed the S&P 500 Over 5 Years
Published: August 06, 2025 by: 24/7 Wall Street
Sentiment: Positive
Investors love dividend stocks, especially those with ultra-high yields, because they provide a substantial income stream and offer significant total return potential.
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BDC Shuffle: The Stock To Drop And The Stock To Shop
Published: July 20, 2025 by: Seeking Alpha
Sentiment: Neutral
BDCs have performed unexpectedly well this year. Despite the growing uncertainty in the system and high probabilities for incremental base rate cuts, the BDC index is up on a YTD basis. This is not the right setup for being aggressive here.
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BDC Dividend Cut Storm Likely Ahead
Published: July 04, 2025 by: Seeking Alpha
Sentiment: Negative
High-income investors face limited options for sustainable, high-yield investments, with traditional asset classes often highly correlated and yields rarely exceeding 7-9%. Business Development Companies (BDCs) offer attractive yields averaging 12.8%, with several high-quality players maintaining dividends even through challenging periods like COVID-19. However, rising interest rates pose a significant risk to BDC dividend sustainability, making it critical to reassess current exposures and avoid potential value impairments.
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Fidus Investment: The Right 11% Yielding BDC For Lower Rate Market
Published: June 30, 2025 by: Seeking Alpha
Sentiment: Positive
FDUS trades at a 2% premium to NAV and offers an 11%+ dividend. Even though the BDC market outlook is unfavorable, in my view, it is worth paying a slight premium here. I discuss in detail why FDUS is, arguably, one of the best BDC picks now in the context of a (very likely) falling interest rate market.
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2 BDCs To Buy Before Rates Drop
Published: June 17, 2025 by: Seeking Alpha
Sentiment: Positive
BDCs do not respond well to falling interest rates. The consensus indicates that we will likely have more rate cuts in the near future. So, for many BDCs, this will be a problem.
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Fidus Investment: Why It's Becoming One Of My Favorite Players In The Sector
Published: June 02, 2025 by: Seeking Alpha
Sentiment: Positive
Fidus Investment stands out among BDCs for solid performance, growing portfolio, and resilient NAV despite sector headwinds and lower base rates. High equity ownership and disciplined credit quality have enabled FDUS to outperform peers, maintaining income and dividend coverage even as others struggled. Balance sheet strength, low leverage, and ample liquidity support FDUS' defensive posture, but tariff exposure and rising non-accruals warrant caution.
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Fidus Investment Corp: Same Strong Performance At An Improved Valuation
Published: May 21, 2025 by: Seeking Alpha
Sentiment: Positive
Fidus Investment (FDUS) offers an 11% dividend yield and trades at a 1% premium to NAV, with efficient net investment income generation due to low leverage and low interest expense. The company's Q1 adjusted net investment income was flat at $0.54, with a stable NAV and a managed dividend policy ensuring 100% coverage. FDUS's portfolio quality remains strong, with modest non-accruals and improved internal ratings.
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Fidus Investment (FDUS) Q1 2025 Earnings Call Transcript
Published: May 09, 2025 by: Seeking Alpha
Sentiment: Neutral
Fidus Investment (NASDAQ:FDUS ) Q1 2025 Earnings Conference Call May 9, 2025 9:00 AM ET Company Participants Jody Burfening - Alliance Advisors IR Edward Ross - Chairman, Chief Executive Officer Shelby Sherard - Chief Financial Officer Conference Call Participants Robert Dodd - Raymond James Mickey Schleien - Ladenburg Thalmann & Co. Inc. Sean Paul Adams - B. Riley Securities Operator Good day and welcome to the Fidus First Quarter 2025 Earnings Conference Call.
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About Fidus Investment Corporation (FDUS)
- IPO Date 2011-06-21
- Website https://www.fdus.com
- Industry Asset Management
- CEO Edward H. Ross
- Employees None