Sector: Financials | Industry: Closed End Funds |
See Regulatory Filings on SEC |
Company Contact | |
Address: | Suite 820, 1603 Orrington Avenue EVANSTON IL 60201 |
Tel: | N/A |
Website: | https://www.fdus.com |
IR: | See website |
Key People | ||
Edward H. Ross Chairman of the Board, Chief Executive Officer | Thomas C. Lauer President, Director | Shelby E. Sherard Chief Financial Officer, Chief Compliance Officer, Corporate Secretary |
Business Overview |
Fidus Investment Corporation operates as an externally managed, closed-end, non-diversified business development company. It provides customized debt and equity financing solutions to lower middle-market companies. Its investment objective is to provide attractive risk-adjusted returns by generating both current income from its debt investments and capital appreciation from its equity-related investments. Its investment strategy includes partnering with business owners, management teams and financial sponsors by providing customized financing for ownership transactions, recapitalizations, strategic acquisitions and others. Its equity securities typically include either a direct minority equity investment in common or preferred stock or membership/partnership interests of a portfolio company, or it may receive warrants to buy a minority equity interest in a portfolio company in connection with a debt investment. Its investment activities are managed by Fidus Investment Advisors, LLC. |
Financial Overview |
For the fiscal year ended 31 December 2023, Fidus Investment Corp revenues increased 38% to $130.1M. Net income increased from $35.8M to $77.1M. Revenues reflect Non-control/non-affiliate investments increase of 34% to $105.9M, Non-control/non-affiliate investments increase from $1.6M to $6.6M, Interest on idle funds increase from $534K to $2.9M. Net income benefited from Unrealized G/L on Investment Securities decrease of 77% to $8.4M (expense). |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $962.08M as of Dec 31, 2023 |
Annual revenue (TTM): | $130.11M as of Dec 31, 2023 |
EBITDA (TTM): | $66.14M as of Dec 31, 2023 |
Net annual income (TTM): | $77.13M as of Dec 31, 2023 |
Free cash flow (TTM): | -$107.78M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | $347.38M as of Dec 31, 2023 |
Shares outstanding: | 31,426,149 as of Mar 21, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |