Apollo Investment Corp. (NASDAQ:AINV) – Analysts at SunTrust Banks lowered their Q3 2017 earnings estimates for shares of Apollo Investment Corp. in a research report issued to clients and investors on Wednesday. SunTrust Banks analyst D. Mewhirter now anticipates that the firm will earn $0.16 per share for the quarter, down from their previous forecast of $0.19. SunTrust Banks also issued estimates for Apollo Investment Corp.’s Q4 2017 earnings at $0.16 EPS, FY2017 earnings at $0.66 EPS, Q1 2018 earnings at $0.16 EPS, Q2 2018 earnings at $0.16 EPS, Q3 2018 earnings at $0.17 EPS, Q4 2018 earnings at $0.17 EPS and FY2018 earnings at $0.66 EPS.

A number of other analysts have also recently commented on AINV. Jefferies Group reaffirmed a “buy” rating on shares of Apollo Investment Corp. in a research note on Friday, August 5th. National Securities reissued a “neutral” rating and set a $6.00 target price on shares of Apollo Investment Corp. in a research note on Monday, August 8th. BMO Capital Markets reissued a “hold” rating on shares of Apollo Investment Corp. in a research note on Wednesday. Barclays PLC reissued a “hold” rating and set a $6.00 target price on shares of Apollo Investment Corp. in a research note on Wednesday. Finally, Zacks Investment Research raised Apollo Investment Corp. from a “sell” rating to a “hold” rating in a research note on Friday. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $6.42.

Earnings History and Estimates for Apollo Investment Corp. (NASDAQ:AINV)

Shares of Apollo Investment Corp. (NASDAQ:AINV) opened at 5.96 on Thursday. The firm has a 50-day moving average of $5.91 and a 200-day moving average of $5.75. Apollo Investment Corp. has a 1-year low of $4.26 and a 1-year high of $6.39.

Apollo Investment Corp. (NASDAQ:AINV) last posted its quarterly earnings results on Tuesday, November 8th. The company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.17 by $0.01. Apollo Investment Corp. had a negative net margin of 15.42% and a positive return on equity of 10.42%. During the same quarter in the previous year, the company earned $0.21 earnings per share.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 5th. Stockholders of record on Wednesday, December 21st will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 10.07%. The ex-dividend date of this dividend is Monday, December 19th. Apollo Investment Corp.’s payout ratio is presently -272.73%.

In related news, Director Frank C. Puleo acquired 4,180 shares of the business’s stock in a transaction dated Tuesday, August 16th. The stock was bought at an average price of $6.01 per share, with a total value of $25,121.80. Following the acquisition, the director now owns 29,080 shares in the company, valued at approximately $174,770.80. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Hilary E. Ackermann acquired 6,000 shares of the business’s stock in a transaction dated Wednesday, August 17th. The stock was bought at an average cost of $6.02 per share, with a total value of $36,120.00. Following the acquisition, the director now owns 10,000 shares in the company, valued at approximately $60,200. The disclosure for this purchase can be found here. 0.26% of the stock is owned by insiders.

Large investors have recently added to or reduced their stakes in the stock. B. Riley Financial Inc. increased its stake in Apollo Investment Corp. by 0.3% in the second quarter. B. Riley Financial Inc. now owns 52,930 shares of the company’s stock valued at $293,000 after buying an additional 159 shares during the last quarter. Advisory Services Network LLC boosted its position in Apollo Investment Corp. by 1.0% in the third quarter. Advisory Services Network LLC now owns 35,993 shares of the company’s stock valued at $209,000 after buying an additional 359 shares during the last quarter. Sanders Morris Harris Inc. boosted its position in Apollo Investment Corp. by 0.3% in the second quarter. Sanders Morris Harris Inc. now owns 127,624 shares of the company’s stock valued at $707,000 after buying an additional 364 shares during 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 valued at $125,000 after buying an additional 754 shares during the last quarter. Finally, Neuberger Berman Group LLC boosted its position in Apollo Investment Corp. by 0.7% in the third quarter. Neuberger Berman Group LLC now owns 109,170 shares of the company’s stock valued at $633,000 after buying an additional 800 shares during the last quarter. 42.83% of the stock is owned by institutional investors.

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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