Fidus Investment Corp (FDUS) is a publicly-traded business development company specializing in tailored debt and equity investment solutions for lower middle-market enterprises across various sectors. Driven by a disciplined investment strategy, FDUS aims to generate high current income and capital appreciation while maintaining a strong emphasis on credit quality and proactive portfolio management. As a regulated investment company, it emphasizes transparency and compliance, establishing itself as a trusted partner for growth-oriented businesses. With a strategic focus on delivering consistent returns, FDUS presents institutional investors with an attractive opportunity to enhance yield in today’s competitive market.
| Revenue (TTM) | $166.90M |
| Gross Profit (TTM) | $166.90M |
| EBITDA | — |
| Operating Margin | 72.50% |
| Return on Equity | 11.60% |
| Return on Assets | 5.45% |
| Revenue/Share (TTM) | $4.58 |
| Book Value | $19.55 |
| Price-to-Book | 0.99 |
| Price-to-Sales (TTM) | 4.44 |
| EV/Revenue | 14.24 |
| EV/EBITDA | 10.87 |
| Quarterly Earnings Growth (YoY) | -9.20% |
| Quarterly Revenue Growth (YoY) | 30.20% |
| Shares Outstanding | $37.95M |
| Float | 0 |
| % Insiders | 0.85% |
| % Institutions | 28.15% |
Volatility is currently expanding
Fidus Investment (FDUS) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
Fidus Investment offers a 12% dividend yield and trades at a 0.92 price-to-book, near the low end of its 5-year range. FDUS maintains a conservatively managed portfolio, with 80% in first lien debt and strong NAV per share stability since 2011. Q1 2026 results showed robust NII-to-dividend coverage, active origination, and only one small nonaccrual investment, supporting portfolio health.
Fidus Investment offers a 13.2% total dividend yield, trading at a 4% discount, with strong Q1 results and robust portfolio quality. FDUS maintains a high allocation to technology, particularly software and IT services, with conservative underwriting and low leverage supporting dividend stability. Non-accruals are minimal, portfolio quality remains strong, and first-lien allocations are increasing, further de-risking the portfolio.
In the article I list all monthly-paying BDCs. This list is then reduced to a handful of BDCs. These remaining BDCs, in my view, are the one with the strongest prospect to generate durable income without permanent NAV decay.
Fidus Investment NASDAQ: FDUS reported what management described as an “extremely strong” first quarter from an income statement perspective, driven by higher interest income on a larger earning asset base and a sizable refinancing-related fee. On the company's first quarter 2026 earnings call, Chairman and CEO Ed Ross said the business continues to generate earnings above its base dividend, while Chief Financial Officer Shelby Sherard detailed the quarter's income drivers, realized losses tied to a non-accrual exit, and the company's leverage and liquidity position.
Fidus Investment (FDUS) Q1 2026 Earnings Call Transcript
Board of Directors Declared Total Dividends of $0.62 per Share for Second Quarter 2026Base Dividend of $0.43 and Supplemental Dividend of $0.19 Per Share EVANSTON, Ill., May 07, 2026 (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 first quarter ended March 31, 2026.
EVANSTON, Ill., April 30, 2026 (GLOBE NEWSWIRE) -- Fidus Investment Corporation (NASDAQ: FDUS) (“Fidus” or the “Company”) today announced that it will report its first quarter 2026 financial results on Thursday, May 7, 2026 after the close of the financial markets.
Fidus Investment and Ares Capital stand out for reliable double-digit yields amid sector volatility and macro uncertainty. FDUS boasts strong dividend coverage, top-line growth, low leverage, and a P/NAV of 0.94x, supporting its 11.6% yield. ARCC maintains a 10.3% yield with robust liquidity, record originations, and manageable non-accruals, despite modest declines in per-share income.
