Apollo Investment Corp. (NASDAQ:AINV) – Equities researchers at Jefferies Financial Group raised their FY2020 earnings per share estimates for shares of Apollo Investment in a research report issued on Tuesday, November 5th. Jefferies Financial Group analyst K. Joseph now forecasts that the asset manager will post earnings of $1.93 per share for the year, up from their prior estimate of $1.85. Jefferies Financial Group also issued estimates for Apollo Investment’s Q2 2021 earnings at $0.46 EPS and Q4 2021 earnings at $0.46 EPS.

Apollo Investment (NASDAQ:AINV) last released its quarterly earnings results on Tuesday, November 5th. The asset manager reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.11. The business had revenue of $70.32 million for the quarter, compared to analysts’ expectations of $68.67 million. Apollo Investment had a net margin of 23.47% and a return on equity of 10.28%. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.45 earnings per share.

A number of other analysts have also recently commented on AINV. ValuEngine upgraded shares of Apollo Investment from a “sell” rating to a “hold” rating in a report on Monday, November 4th. TheStreet cut shares of Apollo Investment from a “b-” rating to a “c” rating in a report on Wednesday. Compass Point lowered Apollo Investment from a “buy” rating to a “neutral” rating and set a $17.00 price target for the company. in a research report on Monday, September 16th. Zacks Investment Research raised Apollo Investment from a “sell” rating to a “hold” rating and set a $18.00 price target for the company in a research report on Wednesday. Finally, Wells Fargo & Co lowered Apollo Investment from an “outperform” rating to a “market perform” rating and set a $17.00 price target for the company. in a research report on Wednesday, August 7th. Eight equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Apollo Investment has an average rating of “Hold” and a consensus target price of $17.29.

Shares of AINV stock opened at $16.36 on Friday. Apollo Investment has a 12 month low of $12.05 and a 12 month high of $17.00. The stock has a market cap of $1.08 billion, a PE ratio of 9.04, a price-to-earnings-growth ratio of 8.77 and a beta of 1.09. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.05. The company’s fifty day moving average price is $15.93 and its 200-day moving average price is $16.06.

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 6th. Shareholders of record on Friday, December 20th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 11.00%. The ex-dividend date is Thursday, December 19th. Apollo Investment’s dividend payout ratio (DPR) is 99.45%.

Large investors have recently modified their holdings of the business. Rockefeller Capital Management L.P. purchased a new position in Apollo Investment in the 2nd quarter worth about $26,000. Arlington Partners LLC purchased a new position in Apollo Investment in the 2nd quarter worth about $36,000. BNP Paribas Arbitrage SA purchased a new position in Apollo Investment in the 2nd quarter worth about $41,000. Tower Research Capital LLC TRC increased its position in shares of Apollo Investment by 117.3% during the 3rd quarter. Tower Research Capital LLC TRC now owns 4,159 shares of the asset manager’s stock valued at $67,000 after purchasing an additional 2,245 shares during the last quarter. Finally, TCI Wealth Advisors Inc. increased its position in shares of Apollo Investment by 141.4% during the 3rd quarter. TCI Wealth Advisors Inc. now owns 5,050 shares of the asset manager’s stock valued at $81,000 after purchasing an additional 2,958 shares during the last quarter. 41.17% of the stock is owned by institutional investors and hedge funds.

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.

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Earnings History and Estimates for Apollo Investment (NASDAQ:AINV)

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