NASDAQ$FDUS
Fidus Investment Corporation · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Announced financial results for the third quarter ended September 30, 2022.
Fidus Investment Corporation announced its Q3 2022 financial results, reporting a total investment income of $25.0 million and net investment income of $12.7 million, or $0.52 per share. The company invested $107.9 million in debt and equity securities and received $60.2 million from repayments and realizations. The NAV was $474.4 million, or $19.41 per share, as of September 30, 2022.
- Total investment income of $25.0 million
- Net investment income of $12.7 million, or $0.52 per share
- Adjusted net investment income of $12.5 million, or $0.51 per share
- Net asset value (“NAV”) of $474.4 million, or $19.41 per share, as of September 30, 2022
Headline financials
Revenue & EPS history
Fidus Investment · Revenue · Quarterly
$62.2M
Revenue by segment
Fidus Investment · $25M total across 5 segments · Q3 2022
- Interest income$21.5M+20.4%86.1%
- Fee income$2.42M+46.6%9.7%
- Dividend income$645K+41.1%2.6%
- Payment-in-kind interest$413K-67.2%1.7%
- Interest on idle funds$8K+33.3%0.0%
Forward guidance
The Board of Directors has approved a dividend policy for 2023 that balances near term distribution of excess spillover income with continued investment in building the portfolio.
Tailwinds
- Increase in the base dividend to $0.39 per share, restoring our pre-Covid base dividend
- Supplemental dividend based on the existing formula of paying out 100% of the surplus in adjusted net investment income over the base dividend from the prior quarter
- Special cash dividend of $0.10 per share
- Early January 2023, the Board plans to announce a deemed distribution to shareholders of record as of December 31, 2022.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2022
+1.7%
Avg return
Earnings day
+1.6%
Avg return
5 days after
+2.9%
Avg return
30 days after
63%
15 / 24 earnings
Positive
+16.1%
Q2 2020
Best reaction
-9.9%
Q1 2020
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -0.8% | +1.5% | -0.6% | |
| Q4 2025 | -3.8% | +1.1% | -8.0% | |
| Q3 2025 | -0.7% | -5.4% | -5.1% | |
| Q1 2025 | +1.5% | +7.7% | +8.1% | |
| Q4 2024 | +1.3% | -2.3% | -13.8% | |
| Q3 2024 | -0.2% | -2.0% | +9.3% | |
| Q2 2024 | -1.4% | -1.6% | +2.9% | |
| Q1 2024 | -2.4% | -3.0% | -2.3% | |
| Q4 2023 | -0.2% | -1.7% | +0.1% | |
| Q3 2023 | +4.6% | +4.5% | +5.0% | |
| Q2 2023 | -1.8% | -3.8% | -8.4% | |
| Q1 2023 | +2.5% | +1.9% | +4.3% | |
| Q4 2022 | +0.2% | -0.1% | -12.5% | |
| Q3 2022 | +3.1% | +4.7% | -0.2% | |
| Q2 2022 | +6.0% | +3.5% | +4.0% | |
| Q1 2022 | +1.0% | -3.5% | +0.0% | |
| Q4 2021 | +6.4% | +5.7% | +9.4% | |
| Q3 2021 | +1.2% | +0.8% | -0.6% | |
| Q2 2021 | +4.7% | +8.2% | +9.7% | |
| Q1 2021 | +5.5% | +1.5% | +5.1% | |
| Q4 2020 | +2.4% | +5.4% | +4.9% | |
| Q3 2020 | +4.4% | +9.6% | +40.6% | |
| Q2 2020 | +16.1% | +21.3% | +16.3% | |
| Q1 2020 | -9.9% | -15.4% | +0.5% |
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