Financial Counselors Inc. trimmed its position in Apollo Investment Corporation (NASDAQ:AINV) by 18.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 24,425 shares of the asset manager’s stock after selling 5,575 shares during the quarter. Financial Counselors Inc.’s holdings in Apollo Investment Corporation were worth $156,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Rhumbline Advisers increased its stake in Apollo Investment Corporation by 0.3% in the second quarter. Rhumbline Advisers now owns 16,708 shares of the asset manager’s stock valued at $107,000 after acquiring an additional 58 shares during the last quarter. Duncker Streett & Co. Inc. increased its stake in Apollo Investment Corporation by 0.3% in the second quarter. Duncker Streett & Co. Inc. now owns 64,433 shares of the asset manager’s stock valued at $412,000 after acquiring an additional 164 shares during the last quarter. GAM Holding AG increased its stake in Apollo Investment Corporation by 2.7% in the second quarter. GAM Holding AG now owns 16,652 shares of the asset manager’s stock valued at $106,000 after acquiring an additional 441 shares during the last quarter. Neuberger Berman Group LLC increased its stake in Apollo Investment Corporation by 0.5% in the first quarter. Neuberger Berman Group LLC now owns 174,720 shares of the asset manager’s stock valued at $1,146,000 after acquiring an additional 800 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. increased its stake in Apollo Investment Corporation by 3.0% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 27,951 shares of the asset manager’s stock valued at $183,000 after acquiring an additional 820 shares during the last quarter. 45.84% of the stock is currently owned by institutional investors and hedge funds.

Shares of Apollo Investment Corporation (NASDAQ:AINV) opened at 6.04 on Friday. The firm’s 50 day moving average is $6.17 and its 200-day moving average is $6.37. Apollo Investment Corporation has a 1-year low of $5.65 and a 1-year high of $6.82.

Apollo Investment Corporation (NASDAQ:AINV) last posted its quarterly earnings data on Friday, August 4th. The asset manager reported $0.15 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.15. The firm had revenue of $66.70 million for the quarter, compared to analysts’ expectations of $65.19 million. Apollo Investment Corporation had a net margin of 33.04% and a return on equity of 9.75%. The business’s quarterly revenue was down 12.8% on a year-over-year basis. During the same quarter last year, the company posted $0.17 EPS. Analysts predict that Apollo Investment Corporation will post $0.63 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 5th. Stockholders of record on Thursday, September 21st will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 9.93%. The ex-dividend date of this dividend is Wednesday, September 20th. Apollo Investment Corporation’s dividend payout ratio (DPR) is currently 150.00%.

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A number of research analysts recently issued reports on AINV shares. Keefe, Bruyette & Woods set a $7.00 price objective on shares of Apollo Investment Corporation and gave the company a “hold” rating in a research note on Wednesday, May 31st. Jefferies Group LLC reissued a “buy” rating and issued a $7.00 price objective on shares of Apollo Investment Corporation in a research note on Friday, July 14th. Zacks Investment Research raised shares of Apollo Investment Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th. BidaskClub cut shares of Apollo Investment Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Finally, National Securities reaffirmed a “neutral” rating and set a $6.00 target price on shares of Apollo Investment Corporation in a research note on Wednesday, August 9th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $6.25.

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.

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

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