Apollo Investment Corporation (AINV) Lifted to “B-” at TheStreet
Several other research firms have also issued reports on AINV. Compass Point initiated coverage on shares of Apollo Investment Corporation in a research report on Thursday, November 2nd. They issued a neutral rating and a $6.25 price target on the stock. Bank of America Corporation reissued an underperform rating and issued a $6.00 price target (up previously from $5.50) on shares of Apollo Investment Corporation in a research report on Wednesday, August 9th. BidaskClub lowered shares of Apollo Investment Corporation from a hold rating to a sell rating in a research report on Tuesday, July 25th. J P Morgan Chase & Co lowered their price target on shares of Apollo Investment Corporation from $6.50 to $6.00 and set a neutral rating on the stock in a research report on Wednesday, November 1st. Finally, Zacks Investment Research raised shares of Apollo Investment Corporation from a sell rating to a hold rating in a research report on Tuesday, August 8th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. The company has a consensus rating of Hold and an average target price of $6.41.
Apollo Investment Corporation (NASDAQ:AINV) opened at $6.07 on Thursday. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.61 and a quick ratio of 0.61. The firm has a market cap of $1,330.00, a PE ratio of 9.34, a price-to-earnings-growth ratio of 1.94 and a beta of 0.93. Apollo Investment Corporation has a 52 week low of $5.69 and a 52 week high of $6.82.
Apollo Investment Corporation (NASDAQ:AINV) last released its earnings results on Friday, November 3rd. The asset manager reported $0.16 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.16. The firm had revenue of $66.46 million for the quarter, compared to analysts’ expectations of $67.75 million. Apollo Investment Corporation had a net margin of 29.87% and a return on equity of 9.51%. The company’s quarterly revenue was down 3.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.18 earnings per share. equities research analysts anticipate that Apollo Investment Corporation will post 0.63 EPS for the current year.
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The company also recently announced a quarterly dividend, which will be paid on Friday, January 5th. Investors of record on Thursday, December 21st will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 9.88%. The ex-dividend date of this dividend is Wednesday, December 20th. Apollo Investment Corporation’s dividend payout ratio (DPR) is presently 166.67%.
A number of institutional investors have recently bought and sold shares of the stock. Rhumbline Advisers increased its holdings in Apollo Investment Corporation by 0.3% during the 2nd quarter. Rhumbline Advisers now owns 16,708 shares of the asset manager’s stock worth $107,000 after acquiring an additional 58 shares during the period. Duncker Streett & Co. Inc. increased its holdings in Apollo Investment Corporation by 0.3% during the 2nd quarter. Duncker Streett & Co. Inc. now owns 64,433 shares of the asset manager’s stock worth $412,000 after acquiring an additional 164 shares during the period. The Manufacturers Life Insurance Company increased its holdings in Apollo Investment Corporation by 0.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 18,016 shares of the asset manager’s stock worth $115,000 after acquiring an additional 168 shares during the period. Pinebridge Investments L.P. increased its holdings in Apollo Investment Corporation by 0.7% during the 2nd quarter. Pinebridge Investments L.P. now owns 63,452 shares of the asset manager’s stock worth $405,000 after acquiring an additional 433 shares during the period. Finally, GAM Holding AG increased its holdings in Apollo Investment Corporation by 2.7% during the 2nd quarter. GAM Holding AG now owns 16,652 shares of the asset manager’s stock worth $106,000 after acquiring an additional 441 shares during the period. 46.07% of the stock is currently owned by institutional investors and hedge funds.
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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