Compared to recent years, Fidus Investment had a mediocre 2024 where realized earnings and net book value changes are concerned. However, the evidence suggests 2025 could see the BDC back to its former winning ways.
4 BDCs of all stripes have reached new record high prices. We provide valuation metrics and discuss why the market animal spirits seem to be reviving.We’ve got one strong theory.
We review IIIQ 2024 performance reviews for 5 of the 9 BDCs that reported in this first week of earnings season. The rest will be reviewed shortly.
Fidus Investment – whose performance bar has been set very high in recent years – continues to meet expectations in almost every way.
It was a very good year for Fidus Investment. Now the BDC has decided how to pay out its earnings and shareholders will need to pay attention.
In one way, Fidus Investment had a routine quarter where earnings were concerned, but in another way this was an extraordinary period. We discuss this and other issues when annotating the BDC’s IIQ 2022 earnings conference call.
The BDC Reporter has been on a plane so we’re updating two days in one post. The markets – and the BDC sector – went up only to come back down on war fears. Two BDCs reported distributions, which we review in detail.
If August was a quiet month for BDC fixed income news, September has brought many changes, albeit mostly expected. BDC debt prices, though, remain unchanged.
The median price of public BDC debt moved down on the week, but not far. We also discuss what we learned from BDC conference calls about the outlook for multiple debt issues.
BDC stock prices held up well in week two of earnings season. We review the top winners and losers and project what prices might go next.
Fidus Investment has gone from anxious to expansive as the IVQ 2020 results illustrate.
We re-publish an article from the BDC Credit Reporter reviewing how Fidus Investment tackled an under-performing investment.
The BDC Reporter annotates Fidus Investment’s IVQ 2020 conference call transcript.
Fidus Investment increases its distributions, raising the possibility the BDC can return to its pre-pandemic payout level. We review both the FDUS dividend history and its potential future.
Fidus Investment issues new unsecured debt which breaks new ground in terms of pricing and size.
