Sep 30, 2023

Fidus Investment Q3 2023 Earnings Report

Fidus Investment reported strong results driven by income-producing assets and realized gains from the equity portfolio.

Key Takeaways

Fidus Investment Corporation announced its financial results for the third quarter ended September 30, 2023, featuring a total investment income of $34.2 million and a net investment income of $16.7 million, or $0.63 per share. The company invested $56.7 million in debt and equity securities and received $69.9 million from repayments and realizations. The board of directors declared total dividends of $0.80 per share for the fourth quarter of 2023.

Total investment income reached $34.2 million.

Net investment income was $16.7 million, or $0.63 per share.

Adjusted net investment income totaled $18.2 million, or $0.68 per share.

Net asset value was $548.6 million, or $19.28 per share, as of September 30, 2023.

Total Revenue
$34.2M
Previous year: $25M
+36.8%
EPS
$0.68
Previous year: $0.51
+33.3%
NAV per share
$19.3
Previous year: $19.4
-0.7%
Repayments and Realizations
$69.9M
Previous year: $60.2M
+16.1%
Investment Activity
$56.7M
Previous year: $108M
-47.5%
Cash and Equivalents
$80.3M
Previous year: $40.4M
+98.8%
Free Cash Flow
$12.1M
Total Assets
$1.02B
Previous year: $910M
+12.4%

Fidus Investment

Fidus Investment

Fidus Investment Revenue by Segment

Forward Guidance

The Board of Directors declared total dividends of $0.80 per share for Fourth Quarter 2023 which includes a base dividend of $0.43, supplemental dividend of $0.27, and special dividend of $0.10 Per Share