BidaskClub upgraded shares of Apollo Investment (NASDAQ:AINV) from a sell rating to a hold rating in a research note published on Thursday morning.

A number of other equities research analysts also recently commented on the company. Wells Fargo & Co cut their price objective on Apollo Investment from $21.00 to $18.00 and set an outperform rating for the company in a research report on Thursday, October 4th. Barclays increased their price objective on Apollo Investment from $6.00 to $18.00 and gave the company an equal weight rating in a research report on Tuesday, December 4th. Zacks Investment Research downgraded Apollo Investment from a hold rating to a sell rating in a research report on Friday, September 28th. Raymond James increased their price objective on Apollo Investment from $7.00 to $21.00 and gave the company an outperform rating in a research report on Tuesday, December 4th. Finally, National Securities reiterated a neutral rating and set a $18.00 price objective on shares of Apollo Investment in a research report on Thursday, November 1st. Three research analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. Apollo Investment presently has a consensus rating of Hold and an average price target of $17.93.

Shares of NASDAQ:AINV traded up $0.01 on Thursday, reaching $14.25. 270,800 shares of the company traded hands, compared to its average volume of 473,163. Apollo Investment has a fifty-two week low of $12.05 and a fifty-two week high of $18.00. The company has a market capitalization of $1.01 billion, a PE ratio of 7.79, a price-to-earnings-growth ratio of 1.57 and a beta of 1.01. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.76 and a current ratio of 0.76.

The company also recently announced a quarterly dividend, which was paid on Friday, January 4th. Shareholders of record on Thursday, December 20th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 4.21%. The ex-dividend date was Wednesday, December 19th. Apollo Investment’s dividend payout ratio (DPR) is currently 98.36%.

A number of large investors have recently made changes to their positions in AINV. Philadelphia Financial Management of San Francisco LLC acquired a new stake in Apollo Investment during the 3rd quarter valued at $9,591,000. Levin Capital Strategies L.P. raised its stake in Apollo Investment by 145.2% during the 3rd quarter. Levin Capital Strategies L.P. now owns 731,148 shares of the asset manager’s stock valued at $3,977,000 after purchasing an additional 432,985 shares during the period. GSA Capital Partners LLP acquired a new stake in Apollo Investment during the 3rd quarter valued at $1,631,000. Cozad Asset Management Inc. acquired a new stake in Apollo Investment during the 2nd quarter valued at $1,417,000. Finally, Allianz Asset Management GmbH raised its stake in Apollo Investment by 19.4% during the 3rd quarter. Allianz Asset Management GmbH now owns 1,445,292 shares of the asset manager’s stock valued at $7,862,000 after purchasing an additional 234,696 shares during the period.

About Apollo Investment

Apollo Investment Corporation is business development company specializing in middle market companies. It provides direct equity capital, mezzanine and senior secured loans, unsecured debt, and subordinated debt and loans. It also seeks to invest in PIPES transactions. The fund may also invest in securities of public companies that are thinly traded and may acquire investments in the secondary market and structured products.

Read More: What is the Dow Jones Industrial Average (DJIA)?

Analyst Recommendations for Apollo Investment (NASDAQ:AINV)

Receive News & Ratings for Apollo Investment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apollo Investment and related companies with MarketBeat.com's FREE daily email newsletter.