Fidus Investment Corporation (FDUS) Stock Price & Analysis
Fidus Investment Corporation (FDUS) closed at USD 19.09 on Wednesday, October 28, 2026, up 0.53% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 18.99; the Oct 28, 2026 session ranged USD 18.87–19.13 on volume of 197,695 shares. Market capitalization is $759.22M, with a 52-week range of USD 16.87–21.04 (NMS). Source: Nexqual, retrieved October 29, 2026 at 09:22 UTC.
Also available as compact Markdown for AI agents: nexqual.com/FDUS.md
Key facts (FDUS)
- Valuation: P/E 9.8x (avg 20.0x at the last 3 fiscal year-ends), net debt $702M.
- Analysts: Buy (mean 2.00 on a 1–5 scale) (5 analysts), mean target USD 21.5 (range 19.5–22.5).
- Total return with dividends: 1Y +3.5% vs S&P 500 +13.6%; 5Y +94.8% vs S&P 500 +79.8%.
- Next earnings: 2026-11-05, EPS estimate USD 0.51, revenue estimate $44.4M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (FDUS)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Net income | $95.2M | -$10.5M | $12.1M | $78.3M | $82.4M | $77.3M |
| EPS (diluted) | $1.03 | $1.90 | $2.47 | $2.29 | $2.08 | — |
| Cash + short-term investments | $169M | $62.4M | $119M | $57.2M | $70.0M | — |
| Total debt | — | $420M | $476M | $484M | $658M | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (FDUS)
P/E 9.8x · P/B 1.0x · Earnings yield 10.18% · Net debt $702M · EV $1.46B
P/E at fiscal year-ends: Dec 2025 8.3x, Dec 2024 8.7x, Dec 2023 43.1x.
Analysts (FDUS)
Consensus Buy (mean 2.00 on a 1–5 scale), 5 analysts; mean target USD 21.5 (low 19.5, high 22.5).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-07-20 | Keefe, Bruyette & Woods | Downgrade | Outperform → Market Perform | $19.5 |
Total return (dividends reinvested) (FDUS)
| 1Y (from 2025-10-29) | 5Y (from 2021-10-25) | |
|---|---|---|
| Total return | +3.5% | +94.8% |
| S&P 500 (SPY) | +13.6% | +79.8% |
| Per year | +3.5% | +14.2% |
| Volatility (annualized) | 23.2% | 18.9% |
| Max drawdown | -14.1% (Nov 2025→Mar 2026) | -21.9% (Feb 2025→Apr 2025) |
FDUS earnings history and stock reaction
| Results filed | Quarter | EPS | Consensus | Surprise | Stock reaction |
|---|---|---|---|---|---|
| Aug 6, 2026 | Quarter ended Jun 30, 2026 | $0.50 | $0.50 | In line | +1.1% |
| May 7, 2026 | Quarter ended Mar 31, 2026 | $0.62 | $0.50 | Beat +24.0% | +6.5% |
| Feb 26, 2026 | Quarter ended Dec 31, 2025 | $0.52 | $0.49 | Beat +6.1% | -4.4% |
| Nov 6, 2025 | Quarter ended Sep 30, 2025 | $0.50 | $0.50 | In line | -5.0% |
| Aug 7, 2025 | — | — | — | — | +3.0% |
| May 8, 2025 | — | — | — | — | +4.6% |
| Mar 6, 2025 | — | — | — | — | -0.6% |
| Oct 31, 2024 | — | — | — | — | -0.2% |
EPS as reported against the analyst consensus before the release; surprise uses the cent-rounded figures shown (in dollars when EPS and consensus have opposite signs). Stock reaction = close before the results to close after (the first close following a release after the bell or before the open).
FDUS recent SEC filings (last 120 days)
| Filed | Form | What it says |
|---|---|---|
| Oct 26, 2026 | 8-K | Entered a material agreement; New debt or off-balance-sheet obligation “Exchange Offer Closing As previously disclosed, on May 29, 2026, Fidus Investment Corporation (the "Company") issued $ 120.0 in aggregate principal amount of its 6.625% Notes due 2029 (the "Restricted Notes") in a transaction not requiring registration under the Securities Act of 1933, as amended (the "Securities Act"). The Restricted Notes were originally issued pursuant to a Note Purchase Agreement, dated May 29, 2026, by and between the Company and the initial purchasers of the Restricted Notes (the "Private…” |
| Aug 6, 2026 | 10-Q | Quarterly report · period ended Jun 30, 2026 |
| Aug 6, 2026 | 8-K | Quarterly results; Regulation FD disclosure |
Source: SEC EDGAR. Quotes are the opening words of each item as filed; each form links to the filing. Insider Form 4 filings are listed in the insider sections.
FDUS suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Partner | Fidus Partners | “We have entered into a license agreement with Fidus Partners, LLC under which Fidus Partners, LLC has agreed to grant us a non-exclusive (provided that there is not a change in control of Fidus Partners, LLC), royalty-free license to use the name "Fidus." Under this agreement, we have a right to use the "Fidus" name for so long as our investment advisor remains our investment advisor.” |
| Partner | FIC Funding | “On October 16, 2025, we entered into a credit and security agreement (the "SPV Credit Agreement") relating to a special purpose vehicle credit facility (the "SPV Credit Facility") by and among FIC Funding, LLC (the "SPV"), as borrower, us, as servicer and equityholder, ING, as administrative agent (the "Administrative Agent") and lead arranger, Western Alliance Trust Company, N.A., as custodian, collateral agent, …” |
| Partner | ING Capital | “On October 16, 2025, we entered into a credit and security agreement (the "SPV Credit Agreement") relating to a special purpose vehicle credit facility (the "SPV Credit Facility") by and among FIC Funding, LLC (the "SPV"), as borrower, us, as servicer and equityholder, ING, as administrative agent (the "Administrative Agent") and lead arranger, Western Alliance Trust Company, N.A., as custodian, collateral agent, …” |
Quoted from the company's 10-K filed Feb 26, 2026.
FDUS analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $0.51 | $0.51 | +0.8% | $44.4M | 5 |
| Next quarter (ends Dec 2026) | $0.49 | $0.48 | +2.1% | $45.9M | 5 |
| Current fiscal year (ends Dec 2026) | $2.13 | $2.12 | +0.6% | $180.8M | 5 |
| Next fiscal year (ends Dec 2027) | $1.98 | $1.96 | +1.2% | $184.9M | 5 |
FDUS options: expected move
Options price a move of about ±6.3% (±$1.20) by Nov 20, 2026, which includes earnings on Nov 5, 2026. Over the last 8 reports the stock moved ±3.2% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 22 | 39.3% | ±6.3% |
| Dec 18, 2026 | 50 | 28.0% | ±10.2% |
| Mar 19, 2027 | 141 | 19.7% | ±12.6% |
30-day implied volatility 22.1% vs 18.7% realized over the last 30 trading days. Put/call ratio (volume) 0.5. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 29, 2026 at 09:22 UTC)
| Price | USD 19.09 |
|---|---|
| Change | ▲ 0.53% (up) |
| Previous Close | USD 18.99 |
| Open | USD 18.99 |
| Day Range | USD 18.87 – 19.13 |
| 52-Week Range | USD 16.87 – 21.04 |
| Volume | 197,695 shares |
| Market Cap | $759.22M |
| Exchange | NMS |
Technical Analysis (FDUS)
Nexqual's technical model rates FDUS "NEUTRAL" based on 2 bullish and 3 bearish signals across 127 daily candles, as of October 29, 2026 at 09:22 UTC.
| Overall Signal | NEUTRAL |
|---|---|
| RSI (14) | 51.15 (neutral) |
| vs SMA50 | Below (USD 19.28) |
| MACD | -0.14 (negative) |
Analyst Ratings (FDUS)
Wall Street analysts rate FDUS "Buy" based on 5 analysts, with a mean price target of USD 21.5 (range USD 19.5–22.5), per Nexqual as of October 29, 2026 at 09:22 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 5 |
| Mean Target | USD 21.5 |
| High Target | USD 22.5 |
| Low Target | USD 19.5 |
| Buy / Hold / Sell | 4 / 1 / 0 |
Earnings (FDUS)
| Next Earnings Date | 2026-11-05 |
|---|---|
| EPS Estimate | USD 0.51 |
| Revenue Estimate | $44.36M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 0.5 vs est 0.5 ▼ miss |
| 2026-03-31 | USD 0.62 vs est 0.5 ▲ beat |
| 2025-12-31 | USD 0.52 vs est 0.49 ▲ beat |
| 2025-09-30 | USD 0.5 vs est 0.5 ▲ beat |
Source: Nexqual, October 29, 2026 at 09:22 UTC.
Financials & Fundamentals (FDUS)
| Total Revenue | $170.43M |
|---|---|
| Revenue Growth (latest quarter, YoY) | +8.80% |
| Gross Margin | +100.00% |
| Operating Margin | +68.28% |
| Profit Margin | +45.36% |
| ROE | +10.81% |
| Debt / Equity | 0.98 |
| Current Ratio | 1.74 |
| Total Cash | $37.60M |
| Total Debt | $723.41M |
Source: Nexqual, October 29, 2026 at 09:22 UTC.
Financial Health Score (FDUS)
Nexqual rates Fidus Investment Corporation's overall financial health "Mixed" across five dimensions, as of October 29, 2026 at 09:22 UTC.
| Growth | Solid — Revenue +7% YoY (annual) |
|---|---|
| Profitability | Strong — Operating margin 68% |
| Balance Sheet | Mixed — $38M cash and investments vs $740M debt (Jun 2026, SEC) |
| Cash Flow | Weak — Operating cash flow -$147M (FY ended Dec 2025, 10-K) |
| Efficiency | Mixed — ROE 10%, ROA 5.1% (last 4 quarters, SEC) |
Ownership (FDUS)
| Insider Ownership | +0.81% |
|---|---|
| Institutional Ownership | +30.19% |
| Shares Outstanding | 39.77M |
| Short % of Float | +4.27% |
Source: Nexqual, October 29, 2026 at 09:22 UTC.
Leadership (FDUS)
Fidus Investment Corporation is led by Edward H. Ross, Chairman of the Board & CEO, per Nexqual as of October 29, 2026 at 09:22 UTC.
| Chairman of the Board & CEO | Edward H. Ross |
|---|---|
| President, MD & Director | Thomas C. Lauer |
| Managing Director | Robert G. Lesley Jr., C.F.A. |
| Managing Director | J. Connor Hoesley |
| Managing Director | Matthew Culbertson |
Major Backers & Investors (FDUS)
Notable institutional backers of Fidus Investment Corporation include Sound Income Strategies, LLC, Van Eck Associates Corporation, Raymond James Financial, Inc., according to Nexqual as of October 29, 2026 at 09:22 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Sound Income Strategies, LLC | 5.78% |
| Van Eck Associates Corporation | 2.45% |
| Raymond James Financial, Inc. | 2.19% |
| VanEck ETF Trust-VanEck BDC Income ETF | 1.79% |
| UBS Group AG | 1.32% |
| Baird Financial Group, Inc. | 1.1% |
| Muzinich & Co., Inc. | 1% |
| Morgan Stanley | 0.8% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| Legal & General Group PLC | 0.82% |
Source: Nexqual, October 29, 2026 at 09:22 UTC.
From Fidus Investment Corporation's Latest SEC 10-K Filing (filed 2026-02-26)
Key Strengths & Strategy (as disclosed to the SEC)
- We believe this flexibility enables us to generate attractive risk-adjusted returns on invested capital and enables us to be a better long-term partner for our portfolio companies.
- We believe this approach enables us to build and maintain an attractive investment portfolio that meets our return and value criteria over the long term.
- We believe that our investment advisor's initial and ongoing portfolio review process allows us to effectively monitor the performance and prospects of our portfolio companies.
- The SBIC Funds' SBIC licenses allow us to issue SBA-guaranteed debentures.
Partnerships
- We have entered into a license agreement with Fidus Partners, LLC under which Fidus Partners, LLC has agreed to grant us a non-exclusive (provided that there is not a change in control of Fidus Partners, LLC), royalty-free license to use the name "Fidus." Under this agreement, we have a right to use the "Fidus" name for so long as our investment advisor remains our investment advisor.
- We believe that utilizing both FIC and the SBIC Funds as investment vehicles provides us with access to a broader array of investment opportunities.
Legal & Regulatory Risks (Item 1A, quoted)
- Changes in laws or regulations governing our operations may adversely affect our business or cause us to alter our business strategy.
- We cannot predict how new tax legislation will affect us, our investments, or our stockholders, and any such legislation could adversely affect our business.
- Changes to U.S. tariff and import/export regulations may have a negative effect on the operation of our portfolio companies and, in turn, negatively impact us.
- Changes in healthcare laws and other regulations applicable to some of our portfolio companies' businesses may constrain their ability to offer their products and services.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| BXSL | Blackstone Secured Lending Fund | USD 23.2 | ▲ 0.39% |
| PDI | PIMCO Dynamic Income Fund | USD 14.1 | ▲ 0.21% |
| VCTR | Victory Capital Holdings, Inc. | USD 111.87 | ▲ 1.12% |
| AMG | Affiliated Managers Group, Inc. | USD 393.24 | ▲ 0.32% |
| SEIC | SEI Investments Company | USD 103.2 | ▲ 0.31% |
| IVZ | Invesco Ltd | USD 28.68 | ▲ 0.88% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 29, 2026 at 09:22 UTC. This page is informational and not investment advice.
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