Jefferies Group LLC Reaffirms Buy Rating for Apollo Investment Corporation (AINV)
Apollo Investment Corporation (NASDAQ:AINV)‘s stock had its “buy” rating restated by analysts at Jefferies Group LLC in a research note issued on Friday, July 14th. They presently have a $7.00 target price on the asset manager’s stock. Jefferies Group LLC’s price target suggests a potential upside of 9.89% from the company’s previous close.
Other research analysts have also issued research reports about the company. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $6.50 price target on shares of Apollo Investment Corporation in a research report on Friday, April 28th. BMO Capital Markets reissued a “hold” rating and issued a $6.00 target price on shares of Apollo Investment Corporation in a research report on Tuesday, April 11th. National Securities reissued a “neutral” rating and issued a $6.00 target price on shares of Apollo Investment Corporation in a research report on Thursday, May 18th. Finally, Zacks Investment Research lowered Apollo Investment Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, May 2nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $6.40.
Apollo Investment Corporation (AINV) opened at 6.37 on Friday. The stock’s 50 day moving average price is $6.37 and its 200 day moving average price is $6.36. Apollo Investment Corporation has a 52-week low of $5.52 and a 52-week high of $6.82.
Apollo Investment Corporation (NASDAQ:AINV) last issued its earnings results on Friday, August 4th. The asset manager reported $0.15 earnings per share for the quarter, meeting the consensus estimate of $0.15. The company had revenue of $66.70 million during the quarter, compared to analysts’ expectations of $65.19 million. Apollo Investment Corporation had a return on equity of 9.75% and a net margin of 33.04%. Apollo Investment Corporation’s quarterly revenue was down 12.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.17 EPS. On average, equities research analysts forecast that Apollo Investment Corporation will post $0.63 EPS for the current year.
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A number of institutional investors have recently made changes to their positions in the company. Karp Capital Management Corp bought a new position in shares of Apollo Investment Corporation during the first quarter worth approximately $101,000. Atria Investments LLC bought a new position in shares of Apollo Investment Corporation during the second quarter worth approximately $103,000. GAM Holding AG boosted its position in shares of Apollo Investment Corporation by 2.7% in the second quarter. GAM Holding AG now owns 16,652 shares of the asset manager’s stock worth $106,000 after buying an additional 441 shares in the last quarter. Rhumbline Advisers boosted its position in shares of Apollo Investment Corporation by 0.3% in the second quarter. Rhumbline Advisers now owns 16,708 shares of the asset manager’s stock worth $107,000 after buying an additional 58 shares in the last quarter. Finally, Essex Financial Services Inc. bought a new position in shares of Apollo Investment Corporation during the second quarter worth approximately $112,000. 46.29% of the stock is currently owned by institutional investors.
Apollo Investment Corporation 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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