Keefe, Bruyette & Woods restated their hold rating on shares of Apollo Investment Corporation (NASDAQ:AINV) in a research note released on Thursday morning. Keefe, Bruyette & Woods currently has a $6.50 price objective on the asset manager’s stock.

Other analysts have also recently issued research reports about the stock. BidaskClub cut shares of Apollo Investment Corporation from a sell rating to a strong sell rating in a research note on Saturday, August 19th. Bank of America Corporation reiterated an underperform rating and set a $6.00 price target (up previously from $5.50) on shares of Apollo Investment Corporation in a research note on Wednesday, August 9th. National Securities reiterated a neutral rating and set a $6.00 price target on shares of Apollo Investment Corporation in a research note on Wednesday, August 9th. Zacks Investment Research upgraded shares of Apollo Investment Corporation from a sell rating to a hold rating in a research note on Tuesday, August 8th. Finally, Jefferies Group LLC reiterated a buy rating and set a $7.00 price target on shares of Apollo Investment Corporation in a research note on Friday, July 14th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. The company has an average rating of Hold and a consensus target price of $6.25.

Apollo Investment Corporation (NASDAQ AINV) traded up 2.54% on Thursday, hitting $6.05. 546,433 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $6.28 and its 200-day moving average price is $6.39. Apollo Investment Corporation has a 12-month low of $5.65 and a 12-month 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 (EPS) for the quarter, meeting the consensus estimate of $0.15. Apollo Investment Corporation had a net margin of 33.04% and a return on equity of 9.75%. The business had revenue of $66.70 million during the quarter, compared to analysts’ expectations of $65.19 million. During the same quarter in the prior year, the business posted $0.17 EPS. The company’s revenue for the quarter was down 12.8% on a year-over-year basis. Analysts expect that Apollo Investment Corporation will post $0.63 earnings per share for the current year.

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The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 5th. Shareholders of record on Thursday, September 21st will be given a dividend of $0.15 per share. The ex-dividend date is Wednesday, September 20th. This represents a $0.60 dividend on an annualized basis and a yield of 10.17%. Apollo Investment Corporation’s payout ratio is currently 150.00%.

A number of institutional investors have recently made changes to their positions in AINV. SG Americas Securities LLC increased its position in shares of Apollo Investment Corporation by 20.2% in the second quarter. SG Americas Securities LLC now owns 256,451 shares of the asset manager’s stock worth $1,639,000 after buying an additional 43,138 shares during the last quarter. Morgan Stanley increased its position in shares of Apollo Investment Corporation by 1.6% in the first quarter. Morgan Stanley now owns 3,525,248 shares of the asset manager’s stock worth $23,125,000 after buying an additional 54,340 shares during the last quarter. Green Square Capital LLC increased its position in shares of Apollo Investment Corporation by 2.6% in the first quarter. Green Square Capital LLC now owns 56,057 shares of the asset manager’s stock worth $376,000 after buying an additional 1,394 shares during the last quarter. Shelton Capital Management purchased a new position in shares of Apollo Investment Corporation during the first quarter worth approximately $492,000. Finally, Advisors Asset Management Inc. increased its position in shares of Apollo Investment Corporation by 35.9% in the first quarter. Advisors Asset Management Inc. now owns 381,380 shares of the asset manager’s stock worth $2,502,000 after buying an additional 100,663 shares during the last quarter. Institutional investors own 45.82% of the company’s stock.

About Apollo Investment Corporation

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.

Analyst Recommendations for Apollo Investment Corporation (NASDAQ:AINV)

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