Apollo Investment Co. (NASDAQ:AINV) has earned an average recommendation of “Hold” from the fourteen brokerages that are presently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $6.35.
AINV has been the subject of several research analyst reports. BidaskClub downgraded Apollo Investment from a “sell” rating to a “strong sell” rating in a research note on Friday, February 23rd. Zacks Investment Research raised Apollo Investment from a “hold” rating to a “buy” rating and set a $6.00 price objective for the company in a research note on Thursday, April 12th. ValuEngine raised Apollo Investment from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, March 7th. National Securities reissued a “neutral” rating and issued a $6.00 price objective on shares of Apollo Investment in a research note on Thursday, February 8th. Finally, SunTrust Banks reissued a “buy” rating and issued a $6.50 price objective on shares of Apollo Investment in a research note on Thursday, February 8th.
Institutional investors and hedge funds have recently bought and sold shares of the company. Two Sigma Advisers LP raised its stake in shares of Apollo Investment by 208.1% during the 4th quarter. Two Sigma Advisers LP now owns 581,164 shares of the asset manager’s stock worth $3,289,000 after purchasing an additional 392,545 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of Apollo Investment by 18.4% in the 4th quarter. Wells Fargo & Company MN now owns 3,588,626 shares of the asset manager’s stock valued at $20,312,000 after acquiring an additional 558,133 shares in the last quarter. PVG Asset Management Corp bought a new position in shares of Apollo Investment in the 4th quarter valued at approximately $3,092,000. Ares Management LLC raised its stake in shares of Apollo Investment by 4.4% in the 4th quarter. Ares Management LLC now owns 2,406,445 shares of the asset manager’s stock valued at $13,620,000 after acquiring an additional 101,000 shares in the last quarter. Finally, SMH Capital Advisors Inc. bought a new position in shares of Apollo Investment in the 4th quarter valued at approximately $811,000. 48.86% of the stock is owned by institutional investors.
Apollo Investment (NASDAQ:AINV) last released its quarterly earnings results on Wednesday, February 7th. The asset manager reported $0.16 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.16. Apollo Investment had a return on equity of 9.45% and a net margin of 28.18%. The business had revenue of $64.75 million during the quarter, compared to analyst estimates of $65.94 million. During the same quarter last year, the company posted $0.17 EPS. Apollo Investment’s revenue for the quarter was down 4.9% on a year-over-year basis. equities analysts predict that Apollo Investment will post 0.62 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, April 12th. Stockholders of record on Tuesday, March 27th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 11.07%. The ex-dividend date was Monday, March 26th. Apollo Investment’s dividend payout ratio (DPR) is presently 89.55%.
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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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