tiprankstipranks

Fidus Investment reports Q2 adjusted EPS 57c, consensus 57c

Reports Q2 book value per share $19.50. “Our portfolio performed well during the second quarter even though investment activity was relatively light compared to the first quarter. Debt investments generated a 17.7% year-over-year increase in adjusted NII and the monetization of two equity investments resulted in net realized gains of $9.2 million. With new deal activity expected to be somewhat higher in the second half of the year, we remain focused on prudently building the portfolio and generating attractive risk-adjusted returns,” said Edward Ross, Chairman and CEO of Fidus Investment Corporation.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue