Apollo Investment Corp. (NASDAQ:AINV) has been given an average rating of “Hold” by the nine ratings firms that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $17.40.

Several research analysts have recently weighed in on the stock. National Securities restated a “neutral” rating and issued a $18.00 target price on shares of Apollo Investment in a research note on Monday, May 20th. ValuEngine upgraded shares of Yirendai from a “strong sell” rating to a “sell” rating in a research note on Friday, May 3rd. BidaskClub downgraded shares of Xencor from a “sell” rating to a “strong sell” rating in a research note on Tuesday, June 11th. Zacks Investment Research cut shares of H&E Equipment Services from a “hold” rating to a “sell” rating in a report on Wednesday. Finally, TheStreet cut shares of Zimmer Biomet from a “b-” rating to a “c” rating in a report on Friday, June 7th.

Shares of AINV stock traded up $0.03 on Tuesday, hitting $16.34. The stock had a trading volume of 160,851 shares, compared to its average volume of 295,469. The stock has a market capitalization of $1.11 billion, a price-to-earnings ratio of 8.98, a price-to-earnings-growth ratio of 8.97 and a beta of 1.10. The business has a 50 day simple moving average of $16.07. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.32 and a quick ratio of 1.32. Apollo Investment has a 52-week low of $12.05 and a 52-week high of $18.00.

Apollo Investment (NASDAQ:AINV) last announced its earnings results on Thursday, May 16th. The asset manager reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.02. The business had revenue of $61.41 million during the quarter, compared to the consensus estimate of $64.29 million. Apollo Investment had a net margin of 28.20% and a return on equity of 9.48%. The business’s quarterly revenue was down .1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.15 earnings per share. Sell-side analysts expect that Apollo Investment will post 1.82 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, July 5th. Investors of record on Thursday, June 20th were issued a $0.45 dividend. The ex-dividend date of this dividend was Wednesday, June 19th. This represents a $1.80 annualized dividend and a yield of 11.02%. Apollo Investment’s dividend payout ratio is presently 99.45%.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Whittier Trust Co. raised its holdings in Apollo Investment by 43.7% in the first quarter. Whittier Trust Co. now owns 2,192 shares of the asset manager’s stock valued at $33,000 after acquiring an additional 667 shares in the last quarter. Arlington Partners LLC acquired a new stake in Apollo Investment in the second quarter valued at $36,000. Advisory Alpha LLC acquired a new stake in Apollo Investment in the first quarter valued at $38,000. PNC Financial Services Group Inc. raised its holdings in Apollo Investment by 213.1% in the first quarter. PNC Financial Services Group Inc. now owns 2,492 shares of the asset manager’s stock valued at $38,000 after acquiring an additional 1,696 shares in the last quarter. Finally, Barnett & Company Inc. acquired a new stake in Apollo Investment in the first quarter valued at $67,000. 41.98% of the stock is currently owned by hedge funds and other institutional investors.

Apollo Investment Company Profile

Apollo Investment Corporation is business development company specializing in middle market companies. It provides direct equity capital, mezzanine and senior secured loans, unsecured debt, and subordinated debt and loans. It also seeks to invest in PIPES transactions. The fund may also invest in securities of public companies that are thinly traded and may acquire investments in the secondary market and structured products.

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Analyst Recommendations for Apollo Investment (NASDAQ:AINV)

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