Apollo Investment Corp. (NASDAQ:AINV)‘s stock had its “hold” rating reissued by analysts at Barclays PLC in a research note issued on Wednesday. They currently have a $6.00 target price on the stock.

The analysts wrote, “Analysts Offer Insights on Financial Companies: Apollo Investment Corp. (NASDAQ: AINV), Huntington Bancshares Inc. (NASDAQ: HBAN) and Franklin Resources (NYSE: BEN) | Analyst Ratings

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Home » Analysts Offer Insights on Financial Companies: Apollo Investment Corp. (NASDAQ: AINV), Huntington Bancshares Inc. (NASDAQ: HBAN) and Franklin Resources (NYSE: BEN)”

Several other research analysts also recently weighed in on the stock. Jefferies Group reissued a “buy” rating on shares of Apollo Investment Corp. in a research note on Friday, August 12th. National Securities reissued a “neutral” rating and issued a $6.00 target price on shares of Apollo Investment Corp. in a research note on Monday, August 8th. Finally, BMO Capital Markets reissued a “hold” rating on shares of Apollo Investment Corp. in a research note on Wednesday. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $6.42.

Analyst Recommendations for Apollo Investment Corp. (NASDAQ:AINV)

Shares of Apollo Investment Corp. (NASDAQ:AINV) opened at 6.00 on Wednesday. Apollo Investment Corp. has a 12 month low of $4.26 and a 12 month high of $6.39. The stock’s 50 day moving average is $5.91 and its 200 day moving average is $5.75.

Apollo Investment Corp. (NASDAQ:AINV) last released its quarterly earnings results on Tuesday, November 8th. The company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.01. Apollo Investment Corp. had a positive return on equity of 10.42% and a negative net margin of 15.42%. During the same quarter in the prior year, the firm posted $0.21 earnings per share. Equities research analysts anticipate that Apollo Investment Corp. will post $0.67 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 5th. Stockholders of record on Wednesday, December 21st will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 10.00%. The ex-dividend date of this dividend is Monday, December 19th. Apollo Investment Corp.’s payout ratio is currently -272.73%.

In other news, President Howard Widra bought 5,000 shares of the firm’s stock in a transaction dated Wednesday, August 17th. The stock was acquired at an average price of $6.02 per share, for a total transaction of $30,100.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Frank C. Puleo bought 4,180 shares of the firm’s stock in a transaction dated Tuesday, August 16th. The shares were purchased at an average price of $6.01 per share, with a total value of $25,121.80. Following the acquisition, the director now directly owns 29,080 shares in the company, valued at approximately $174,770.80. The disclosure for this purchase can be found here. Insiders own 0.26% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Tower Research Capital LLC TRC boosted its stake in shares of 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 worth $113,000 after buying an additional 2,994 shares during the last quarter. Ameriprise Financial Inc. boosted its position in Apollo Investment Corp. by 11.1% in the second quarter. Ameriprise Financial Inc. now owns 21,931 shares of the company’s stock worth $122,000 after buying an additional 2,192 shares in the last quarter. Eqis Capital Management Inc. boosted its position in Apollo Investment Corp. by 14.1% in the second quarter. Eqis Capital Management Inc. now owns 22,332 shares of the company’s stock worth $124,000 after buying an additional 2,753 shares in the last quarter. TCI Wealth Advisors Inc. boosted its position in Apollo Investment Corp. by 3.5% in the second quarter. TCI Wealth Advisors Inc. now owns 22,496 shares of the company’s stock worth $125,000 after buying an additional 754 shares in the last quarter. Finally, KCG Holdings Inc. boosted its position in Apollo Investment Corp. by 15.4% in the second quarter. KCG Holdings Inc. now owns 22,922 shares of the company’s stock worth $127,000 after buying an additional 3,053 shares in the last quarter. Institutional investors and hedge funds own 42.83% of the company’s stock.

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.

5 Day Chart for NASDAQ:AINV

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