Apollo Investment Corp. (NASDAQ:AINV) has received an average recommendation of “Hold” from the eight research firms that are currently covering the company. Two investment analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $6.15.
Several equities analysts have commented on AINV shares. Zacks Investment Research downgraded shares of Apollo Investment Corp. from a “hold” rating to a “sell” rating in a report on Tuesday, January 10th. National Securities reiterated a “neutral” rating and issued a $6.00 price objective on shares of Apollo Investment Corp. in a report on Monday, February 6th. Jefferies Group LLC reiterated a “buy” rating and issued a $7.00 price objective on shares of Apollo Investment Corp. in a report on Friday, April 7th. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $6.00 price objective on shares of Apollo Investment Corp. in a report on Tuesday.
Several institutional investors have recently added to or reduced their stakes in AINV. Skandinaviska Enskilda Banken AB publ increased its position in Apollo Investment Corp. by 29.8% in the third quarter. Skandinaviska Enskilda Banken AB publ now owns 44,374 shares of the company’s stock valued at $257,000 after buying an additional 10,182 shares during the period. Advisor Group Inc. increased its position in Apollo Investment Corp. by 11.9% in the third quarter. Advisor Group Inc. now owns 424,292 shares of the company’s stock valued at $2,461,000 after buying an additional 45,100 shares during the period. Engineers Gate Manager LP increased its position in Apollo Investment Corp. by 26.2% in the third quarter. Engineers Gate Manager LP now owns 114,820 shares of the company’s stock valued at $666,000 after buying an additional 23,863 shares during the period. Tower Research Capital LLC TRC increased its position in Apollo Investment Corp. by 18.2% in the third quarter. Tower Research Capital LLC TRC now owns 19,441 shares of the company’s stock valued at $113,000 after buying an additional 2,994 shares during the period. Finally, Oppenheimer & Co. Inc. increased its position in Apollo Investment Corp. by 1.2% in the third quarter. Oppenheimer & Co. Inc. now owns 115,900 shares of the company’s stock valued at $672,000 after buying an additional 1,400 shares during the period. Institutional investors and hedge funds own 45.20% of the company’s stock.
Shares of Apollo Investment Corp. (NASDAQ:AINV) traded down 0.60% during trading on Monday, hitting $6.60. The company’s stock had a trading volume of 1,030,724 shares. Apollo Investment Corp. has a 52 week low of $5.03 and a 52 week high of $6.69. The firm’s 50 day moving average price is $6.41 and its 200-day moving average price is $6.10. The company’s market cap is $1.45 billion.
Apollo Investment Corp. (NASDAQ:AINV) last released its quarterly earnings data on Monday, February 6th. The company reported $0.17 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.01. Apollo Investment Corp. had a negative net margin of 4.38% and a positive return on equity of 10.03%. The firm had revenue of $68.07 million for the quarter, compared to the consensus estimate of $69.67 million. During the same period in the previous year, the company earned $0.21 earnings per share. The company’s quarterly revenue was down 27.8% on a year-over-year basis. On average, analysts predict that Apollo Investment Corp. will post $0.66 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, April 6th. Investors of record on Tuesday, March 21st were paid a $0.15 dividend. The ex-dividend date of this dividend was Friday, March 17th. This represents a $0.60 annualized dividend and a dividend yield of 9.09%. Apollo Investment Corp.’s dividend payout ratio (DPR) is presently -1,000.00%.
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Apollo Investment Corp. Company Profile
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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