Wells Fargo & Company MN reduced its stake in shares of Apollo Investment Corp. (NASDAQ:AINV) by 0.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,401,220 shares of the company’s stock after selling 16,685 shares during the period. Wells Fargo & Company MN’s holdings in Apollo Investment Corp. were worth $13,927,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the stock. Sequoia Financial Advisors LLC purchased a new stake in shares of Apollo Investment Corp. during the second quarter valued at approximately $192,000. Chicago Equity Partners LLC increased its stake in shares of Apollo Investment Corp. by 0.4% in the second quarter. Chicago Equity Partners LLC now owns 207,460 shares of the company’s stock valued at $1,149,000 after buying an additional 841 shares in the last quarter. Advisory Services Network LLC increased its stake in shares of Apollo Investment Corp. by 29.7% in the second quarter. Advisory Services Network LLC now owns 35,634 shares of the company’s stock valued at $197,000 after buying an additional 8,150 shares in the last quarter. ING Groep NV increased its stake in shares of Apollo Investment Corp. by 3.3% in the second quarter. ING Groep NV now owns 1,181,663 shares of the company’s stock valued at $6,558,000 after buying an additional 37,242 shares in the last quarter. Finally, Patriot Wealth Management Inc. increased its stake in shares of Apollo Investment Corp. by 2.0% in the second quarter. Patriot Wealth Management Inc. now owns 735,550 shares of the company’s stock valued at $4,075,000 after buying an additional 14,435 shares in the last quarter. Institutional investors own 43.84% of the company’s stock.

Institutional Ownership by Quarter for Apollo Investment Corp. (NASDAQ:AINV)

Shares of Apollo Investment Corp. (NASDAQ:AINV) traded down 0.97% during trading on Monday, hitting $6.15. The stock had a trading volume of 1,256,945 shares. The stock has a 50 day moving average of $5.96 and a 200 day moving average of $5.77. Apollo Investment Corp. has a 52-week low of $4.26 and a 52-week high of $6.39.

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 Zacks’ 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 period in the prior year, the company earned $0.21 earnings per share. On average, equities research analysts anticipate that Apollo Investment Corp. will post $0.66 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 5th. Investors of record on Wednesday, December 21st will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 9.66%. The ex-dividend date is Monday, December 19th. Apollo Investment Corp.’s payout ratio is currently -272.73%.

TRADEMARK VIOLATION WARNING: “Wells Fargo & Company MN Lowers Position in Apollo Investment Corp. (AINV)” was originally published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this news story on another site, it was copied illegally and reposted in violation of United States and international copyright law. The original version of this news story can be read at https://www.thecerbatgem.com/2016/11/28/wells-fargo-company-mn-lowers-position-in-apollo-investment-corp-ainv.html.

Several analysts have recently commented on the company. Zacks Investment Research upgraded Apollo Investment Corp. from a “sell” rating to a “hold” rating in a research note on Friday, November 11th. Barclays PLC restated a “hold” rating and issued a $6.00 target price on shares of Apollo Investment Corp. in a research note on Wednesday, November 9th. BMO Capital Markets restated a “hold” rating on shares of Apollo Investment Corp. in a research note on Wednesday, November 9th. National Securities reiterated a “neutral” rating and set a $6.00 price target on shares of Apollo Investment Corp. in a research note on Wednesday, November 9th. Finally, Jefferies Group reiterated a “buy” rating on shares of Apollo Investment Corp. in a research note on Friday, August 12th. Two 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 company. The company currently has an average rating of “Hold” and an average price target of $6.42.

About Apollo Investment Corp.

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

Receive News & Stock Ratings for Apollo Investment Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apollo Investment Corp. and related stocks with our FREE daily email newsletter.