Shares of Apollo Investment Corp. (NASDAQ:AINV) have received a consensus rating of “Hold” from the eleven ratings firms that are presently covering the stock, MarketBeat.com reports. Five research analysts have rated the stock with a sell recommendation and five have given a hold recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $8.50.

Several brokerages have recently issued reports on AINV. Citigroup cut shares of Apollo Investment from a “neutral” rating to a “sell” rating and increased their price target for the stock from $6.00 to $7.00 in a research report on Friday, May 22nd. Compass Point increased their price target on shares of Apollo Investment from $6.00 to $6.50 and gave the stock a “neutral” rating in a research report on Friday, May 22nd. TheStreet lowered shares of Apollo Investment from a “c” rating to a “d+” rating in a research note on Thursday, June 4th. Royal Bank of Canada upped their target price on shares of Apollo Investment from $8.00 to $10.00 and gave the stock a “sector perform” rating in a research note on Friday, May 22nd. Finally, Zacks Investment Research lowered shares of Apollo Investment from a “hold” rating to a “sell” rating in a research note on Tuesday, August 4th.

NASDAQ AINV opened at $9.37 on Friday. The firm’s 50-day moving average is $9.33 and its two-hundred day moving average is $9.57. Apollo Investment has a 12 month low of $5.20 and a 12 month high of $18.33. The company has a debt-to-equity ratio of 1.76, a current ratio of 2.34 and a quick ratio of 2.34. The stock has a market capitalization of $604.30 million, a P/E ratio of -4.53 and a beta of 1.73.

Apollo Investment (NASDAQ:AINV) last posted its earnings results on Thursday, August 6th. The asset manager reported $0.43 EPS for the quarter, missing the Zacks’ consensus estimate of $0.44 by ($0.01). Apollo Investment had a negative net margin of 51.26% and a positive return on equity of 12.38%. The company had revenue of $56.67 million during the quarter, compared to analyst estimates of $63.44 million. During the same period in the previous year, the company earned $0.50 EPS. The company’s quarterly revenue was down 14.8% compared to the same quarter last year. As a group, analysts anticipate that Apollo Investment will post 1.56 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Monday, September 21st will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Friday, September 18th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 13.23%. Apollo Investment’s dividend payout ratio (DPR) is presently 83.33%.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Aperio Group LLC lifted its holdings in shares of Apollo Investment by 253.8% during the first quarter. Aperio Group LLC now owns 46,754 shares of the asset manager’s stock worth $316,000 after purchasing an additional 33,541 shares during the period. Oppenheimer & Co. Inc. lifted its holdings in Apollo Investment by 40.8% in the first quarter. Oppenheimer & Co. Inc. now owns 15,530 shares of the asset manager’s stock valued at $105,000 after acquiring an additional 4,500 shares during the period. First Allied Advisory Services Inc. lifted its holdings in Apollo Investment by 83.3% in the first quarter. First Allied Advisory Services Inc. now owns 82,110 shares of the asset manager’s stock valued at $554,000 after acquiring an additional 37,303 shares during the period. Aigen Investment Management LP purchased a new position in shares of Apollo Investment in the first quarter valued at $660,000. Finally, National Asset Management Inc. increased its position in Apollo Investment by 15.6% during the 1st quarter. National Asset Management Inc. now owns 36,883 shares of the asset manager’s stock worth $250,000 after purchasing an additional 4,972 shares in the last quarter. Institutional investors and hedge funds own 34.41% of the company’s stock.

Apollo Investment Company Profile

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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Analyst Recommendations for Apollo Investment (NASDAQ:AINV)

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