Koch Industries Inc. bought a new stake in shares of Apollo Investment Corporation (NASDAQ:AINV) during the fourth quarter, Holdings Channel reports. The firm bought 28,265 shares of the company’s stock, valued at approximately $166,000.
A number of other hedge funds have also recently bought and sold shares of the stock. Schafer Cullen Capital Management Inc. bought a new stake in Apollo Investment Corporation during the third quarter worth approximately $102,000. Tower Research Capital LLC TRC raised its stake in Apollo Investment Corporation by 18.2% in the third quarter. Tower Research Capital LLC TRC now owns 19,441 shares of the company’s stock worth $113,000 after buying an additional 2,994 shares during the last quarter. TCI Wealth Advisors Inc. raised its stake in Apollo Investment Corporation by 3.6% in the third quarter. TCI Wealth Advisors Inc. now owns 23,305 shares of the company’s stock worth $135,000 after buying an additional 809 shares during the last quarter. Koshinski Asset Management Inc. bought a new stake in Apollo Investment Corporation during the third quarter worth approximately $157,000. Finally, Raymond James Financial Services Advisors Inc. raised its stake in Apollo Investment Corporation by 9.0% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 27,131 shares of the company’s stock worth $159,000 after buying an additional 2,231 shares during the last quarter. 45.20% of the stock is currently owned by institutional investors.
Shares of Apollo Investment Corporation (NASDAQ:AINV) traded up 0.82% during mid-day trading on Tuesday, reaching $6.17. The company’s stock had a trading volume of 796,471 shares. The firm’s 50 day moving average is $5.98 and its 200-day moving average is $5.97. Apollo Investment Corporation has a 52-week low of $4.27 and a 52-week high of $6.27.
Apollo Investment Corporation (NASDAQ:AINV) last announced its quarterly earnings data on Monday, February 6th. The company reported $0.17 EPS for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.01. The firm had revenue of $68.07 million for the quarter, compared to analyst estimates of $69.67 million. Apollo Investment Corporation had a positive return on equity of 10.03% and a negative net margin of 4.38%. The business’s quarterly revenue was down 27.8% compared to the same quarter last year. During the same period last year, the company earned $0.21 EPS. Analysts predict that Apollo Investment Corporation will post $0.66 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 6th. Shareholders of record on Tuesday, March 21st will be given a $0.15 dividend. The ex-dividend date is Friday, March 17th. This represents a $0.60 dividend on an annualized basis and a yield of 9.72%. Apollo Investment Corporation’s payout ratio is -1,000.00%.
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AINV has been the topic of a number of analyst reports. National Securities reaffirmed a “neutral” rating and set a $6.00 price objective on shares of Apollo Investment Corporation in a research note on Wednesday, November 9th. BMO Capital Markets reaffirmed a “hold” rating on shares of Apollo Investment Corporation in a research note on Wednesday, November 9th. Barclays PLC reaffirmed a “hold” rating and set a $6.00 price objective on shares of Apollo Investment Corporation in a research note on Wednesday, November 9th. Finally, Zacks Investment Research raised Apollo Investment Corporation from a “sell” rating to a “hold” rating in a research note on Friday, November 11th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company’s stock. Apollo Investment Corporation has an average rating of “Hold” and an average price target of $6.25.
About Apollo Investment Corporation
Apollo Investment Corporation is a closed-end, externally managed, non-diversified management investment company. The Company’s investment objective is to generate current income and capital appreciation. It invests primarily in various forms of debt investments, including secured and unsecured debt, loan investments and/or equity in private middle-market companies.
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