Fidus Investment reports Q3 adjusted EPS 50c, consensus 50c

Reports Q3 NAV per share $19.56. “For the third quarter, Fidus’ portfolio performed well, producing adjusted net investment income that continued to amply cover our base dividend for our shareholders. With net originations of $37.8 million, we further built our total portfolio, primarily providing some of our existing portfolio companies with growth capital,” said Edward Ross, Chairman and CEO of Fidus Investment (FDUS) Corporation. “Subsequent to quarter end, we invested $40.2 million in two new portfolio companies. Our pipeline of new investments and add-ons in existing portfolio companies remains strong, and reflects our proven strategy of carefully selecting investments in companies with reliable cash-generating business models and attractive prospects for growth. As we convert opportunities in our pipeline, by adhering to our underwriting discipline we intend to maintain a portfolio that is structured to generate attractive risk adjusted returns and grow NAV over time.”