Shares of Apollo Investment Corp. (NASDAQ:AINV) have received an average rating of “Hold” from the fourteen analysts that are currently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $6.39.
A number of equities research analysts have recently weighed in on the company. TheStreet lowered Apollo Investment from a “b-” rating to a “c” rating in a research report on Wednesday. SunTrust Banks reiterated a “buy” rating and issued a $6.50 price objective on shares of Apollo Investment in a research report on Thursday. BidaskClub upgraded Apollo Investment from a “strong sell” rating to a “sell” rating in a research report on Thursday, December 21st. ValuEngine upgraded Apollo Investment from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Finally, Raymond James Financial upgraded Apollo Investment from a “market perform” rating to an “outperform” rating and set a $7.00 price objective on the stock in a research report on Tuesday, November 7th.
Shares of Apollo Investment (NASDAQ AINV) traded down $0.18 during mid-day trading on Tuesday, hitting $5.30. The stock had a trading volume of 2,152,629 shares, compared to its average volume of 1,060,000. The company has a market cap of $1,160.00, a price-to-earnings ratio of 15.59, a P/E/G ratio of 1.70 and a beta of 0.88. Apollo Investment has a 12-month low of $5.30 and a 12-month high of $6.82. The company has a current ratio of 0.43, a quick ratio of 0.61 and a debt-to-equity ratio of 0.61.
The company also recently announced a quarterly dividend, which will be paid on Thursday, April 12th. Stockholders of record on Tuesday, March 27th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 11.32%. The ex-dividend date of this dividend is Monday, March 26th. Apollo Investment’s payout ratio is presently 176.47%.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Rhumbline Advisers lifted its stake in shares of Apollo Investment by 0.3% in the 2nd quarter. Rhumbline Advisers now owns 16,708 shares of the asset manager’s stock valued at $107,000 after purchasing an additional 58 shares during the period. The Manufacturers Life Insurance Company lifted its stake in shares of Apollo Investment by 0.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 18,016 shares of the asset manager’s stock valued at $115,000 after purchasing an additional 168 shares during the period. Green Square Capital LLC lifted its stake in shares of Apollo Investment by 1.6% in the 2nd quarter. Green Square Capital LLC now owns 56,976 shares of the asset manager’s stock valued at $373,000 after purchasing an additional 919 shares during the period. HighTower Advisors LLC lifted its stake in shares of Apollo Investment by 8.8% in the 2nd quarter. HighTower Advisors LLC now owns 17,884 shares of the asset manager’s stock valued at $115,000 after purchasing an additional 1,451 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in shares of Apollo Investment by 16.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 24,632 shares of the asset manager’s stock valued at $158,000 after purchasing an additional 3,500 shares during the period. Institutional investors own 46.51% of the company’s stock.
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Apollo Investment 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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