Cipher Capital LP raised its stake in Apollo Investment Corporation (NASDAQ:AINV) by 175.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 243,624 shares of the asset manager’s stock after buying an additional 155,335 shares during the quarter. Cipher Capital LP’s holdings in Apollo Investment Corporation were worth $1,556,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. SG Americas Securities LLC lifted its stake in 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 valued at $1,639,000 after buying an additional 43,138 shares in the last quarter. Morgan Stanley lifted its stake in Apollo Investment Corporation by 1.6% in the first quarter. Morgan Stanley now owns 3,525,248 shares of the asset manager’s stock valued at $23,125,000 after buying an additional 54,340 shares in the last quarter. Green Square Capital LLC lifted its stake in 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 valued at $376,000 after buying an additional 1,394 shares in the last quarter. Shelton Capital Management bought a new position in Apollo Investment Corporation in the first quarter valued at approximately $492,000. Finally, Advisors Asset Management Inc. lifted its stake in 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 valued at $2,502,000 after buying an additional 100,663 shares in the last quarter. 45.84% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Apollo Investment Corporation (NASDAQ AINV) opened at 5.96 on Thursday. Apollo Investment Corporation has a 12 month low of $5.65 and a 12 month high of $6.82. The stock has a 50 day moving average of $6.24 and a 200-day moving average of $6.39.

Apollo Investment Corporation (NASDAQ:AINV) last posted its quarterly 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 the consensus estimate of $65.19 million. During the same quarter last year, the firm posted $0.17 EPS. Apollo Investment Corporation’s revenue was down 12.8% compared to the same quarter last year. Analysts anticipate that Apollo Investment Corporation will post $0.63 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 5th. Investors of record on Thursday, September 21st will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 10.07%. The ex-dividend date is Wednesday, September 20th. Apollo Investment Corporation’s payout ratio is currently 150.00%.

AINV has been the topic of a number of research reports. Jefferies Group LLC reaffirmed a “buy” rating and issued a $7.00 price target on shares of Apollo Investment Corporation in a research note on Friday, July 14th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $6.50 price target on shares of Apollo Investment Corporation in a research note on Thursday, August 31st. Zacks Investment Research raised shares of Apollo Investment Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, August 8th. BMO Capital Markets reaffirmed a “hold” rating and issued a $6.00 price target on shares of Apollo Investment Corporation in a research note on Thursday, May 18th. Finally, National Securities reaffirmed a “neutral” rating and issued a $6.00 price target on shares of Apollo Investment Corporation in a research note on Thursday, May 18th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $6.25.

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

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