Apollo Investment Corporation (NASDAQ:AINV) was upgraded by research analysts at TheStreet from a “c” rating to a “b-” rating in a research note issued on Thursday.
AINV has been the subject of several other research reports. BidaskClub downgraded Apollo Investment Corporation from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 19th. Keefe, Bruyette & Woods restated a “hold” rating and set a $6.50 target price on shares of Apollo Investment Corporation in a research report on Thursday, August 31st. Raymond James Financial, Inc. upgraded Apollo Investment Corporation from a “market perform” rating to an “outperform” rating and set a $7.00 target price for the company in a research report on Tuesday, November 7th. National Securities restated a “neutral” rating and set a $6.00 target price on shares of Apollo Investment Corporation in a research report on Wednesday, August 9th. Finally, J P Morgan Chase & Co cut their target price on Apollo Investment Corporation from $6.50 to $6.00 and set a “neutral” rating for the company in a research report on Wednesday, November 1st. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $6.41.
Shares of Apollo Investment Corporation (NASDAQ AINV) traded down $0.03 during mid-day trading on Thursday, hitting $6.07. The company’s stock had a trading volume of 580,948 shares, compared to its average volume of 879,730. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.61 and a quick ratio of 0.61. Apollo Investment Corporation has a 52 week low of $5.69 and a 52 week high of $6.82. The company has a market cap of $1,330.00, a P/E ratio of 9.34, a P/E/G ratio of 1.94 and a beta of 0.93.
Apollo Investment Corporation (NASDAQ:AINV) last announced its quarterly earnings data on Friday, November 3rd. The asset manager reported $0.16 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.16. The company had revenue of $66.46 million during the quarter, compared to the consensus estimate of $67.75 million. Apollo Investment Corporation had a return on equity of 9.51% and a net margin of 29.87%. The company’s quarterly revenue was down 3.7% on a year-over-year basis. During the same quarter last year, the company earned $0.18 EPS. equities analysts expect that Apollo Investment Corporation will post 0.63 EPS for the current year.
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A number of hedge funds have recently added to or reduced their stakes in the stock. Atria Investments LLC acquired a new stake in shares of Apollo Investment Corporation in the 2nd quarter valued at $103,000. GAM Holding AG increased its stake in shares of Apollo Investment Corporation by 2.7% in the 2nd quarter. GAM Holding AG now owns 16,652 shares of the asset manager’s stock valued at $106,000 after buying an additional 441 shares during the period. Rhumbline Advisers increased its stake in shares of Apollo Investment Corporation 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 buying an additional 58 shares during the period. Cubist Systematic Strategies LLC acquired a new stake in shares of Apollo Investment Corporation in the 3rd quarter valued at $108,000. Finally, Essex Financial Services Inc. acquired a new stake in shares of Apollo Investment Corporation in the 2nd quarter valued at $112,000. 46.07% of the stock is owned by hedge funds and other institutional investors.
Apollo Investment Corporation 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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