Media headlines about Apollo Investment Corp. (NASDAQ:AINV) have trended somewhat positive this week, AlphaOne reports. The research group, a service of Accern, identifies negative and positive media coverage by reviewing more than 20 million news and blog sources in real-time. AlphaOne ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Apollo Investment Corp. earned a news impact score of 0.22 on AlphaOne’s scale. AlphaOne also gave news stories about the asset manager an impact score of 64 out of 100, indicating that recent media coverage is somewhat likely to have an impact on the stock’s share price in the immediate future.
These are some of the media headlines that may have impacted AlphaOne Sentiment’s scoring:
- Apollo Investment Corp. (AINV) to Issue Quarterly Dividend of $0.15 (americanbankingnews.com)
- The Apollo Investment Corp. (AINV) Given Neutral Rating at National Securities – BangaloreWeekly (bangaloreweekly.com)
- DA Davidson Comments on Apollo Investment Corp.’s Q1 2018 Earnings (AINV) (americanbankingnews.com)
- Will owning Apollo Investment Corp. (NASDAQ:AINV) amount to something? – FinancialsTrend (financialstrend.com)
- Edited Transcript of AINV earnings conference call or presentation 18-May-17 2:00pm GMT (finance.yahoo.com)
Apollo Investment Corp. (NASDAQ:AINV) last issued its quarterly earnings results on Thursday, May 18th. The asset manager reported $0.17 earnings per share for the quarter, topping the Zacks’ consensus estimate 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 company had revenue of $66.30 million during the quarter, compared to the consensus estimate of $68.89 million. During the same quarter in the prior year, the firm posted $0.20 EPS. The firm’s quarterly revenue was down 22.3% on a year-over-year basis.
The company also recently declared a quarterly dividend, which will be paid on Thursday, July 6th. Stockholders of record on Wednesday, June 21st will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 9.58%. The ex-dividend date is Monday, June 19th. Apollo Investment Corp.’s dividend payout ratio (DPR) is presently -1,000.00%.
Several analysts have recently weighed in on AINV shares. Zacks Investment Research raised shares of Apollo Investment Corp. from a “sell” rating to a “hold” rating in a report on Monday, January 23rd. Jefferies Group LLC reaffirmed a “buy” rating and set a $7.00 price objective on shares of Apollo Investment Corp. in a report on Friday, April 7th. BMO Capital Markets reaffirmed a “hold” rating and set a $6.00 price objective on shares of Apollo Investment Corp. in a report on Tuesday, April 11th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $6.50 price objective on shares of Apollo Investment Corp. in a report on Friday, April 28th. Finally, National Securities reaffirmed a “neutral” rating and set a $6.00 price objective on shares of Apollo Investment Corp. in a report on Monday, February 6th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $6.30.
About Apollo Investment Corp.
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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