Shares of Apollo Investment Corp. (NASDAQ:AINV) have been assigned a consensus recommendation of “Hold” from the eight analysts that are presently covering the company. Two analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and one has given a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $5.92.
A number of research firms have issued reports on AINV. Zacks Investment Research upgraded shares of Apollo Investment Corp. from a “sell” rating to a “hold” rating in a research report on Monday, January 23rd. National Securities reiterated a “neutral” rating and issued a $6.00 target price on shares of Apollo Investment Corp. in a research report on Monday, February 6th.
Apollo Investment Corp. (NASDAQ:AINV) opened at 6.33 on Tuesday. Apollo Investment Corp. has a 52-week low of $5.03 and a 52-week high of $6.58. The firm has a 50-day moving average of $6.23 and a 200-day moving average of $6.04.
Apollo Investment Corp. (NASDAQ:AINV) last posted its quarterly earnings data on Monday, February 6th. The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.01. Apollo Investment Corp. had a negative net margin of 4.38% and a positive return on equity of 10.03%. The firm earned $68.07 million during the quarter, compared to analyst estimates of $69.67 million. During the same quarter last year, the business posted $0.21 EPS. The company’s revenue was down 27.8% on a year-over-year basis. Equities analysts anticipate that Apollo Investment Corp. will post $0.66 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, April 6th. Shareholders of record on Tuesday, March 21st will be given a $0.15 dividend. The ex-dividend date of this dividend is Friday, March 17th. This represents a $0.60 dividend on an annualized basis and a yield of 9.48%. Apollo Investment Corp.’s payout ratio is -1,000.00%.
A number of large investors have recently added to or reduced their stakes in the company. Schafer Cullen Capital Management Inc. bought a new stake in Apollo Investment Corp. during the third quarter worth about $102,000. Tower Research Capital LLC TRC increased its stake in Apollo Investment Corp. by 18.2% in the third quarter. Tower Research Capital LLC TRC now owns 19,441 shares of the company’s stock worth $113,000 after buying an additional 2,994 shares during the last quarter. TCI Wealth Advisors Inc. increased its stake in Apollo Investment Corp. by 3.6% in the third quarter. TCI Wealth Advisors Inc. now owns 23,305 shares of the company’s stock worth $135,000 after buying an additional 809 shares during the last quarter. Ellington Management Group LLC bought a new stake in Apollo Investment Corp. during the fourth quarter worth about $147,000. Finally, United Capital Financial Advisers LLC increased its stake in Apollo Investment Corp. by 3.0% in the fourth quarter. United Capital Financial Advisers LLC now owns 26,448 shares of the company’s stock worth $155,000 after buying an additional 764 shares during the last quarter. Institutional investors own 45.20% of the company’s stock.
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Apollo Investment Corp. 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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