Apollo Investment Corporation (NASDAQ:AINV) has been given a $7.00 target price by research analysts at Keefe, Bruyette & Woods in a report issued on Thursday. The brokerage presently has a “hold” rating on the asset manager’s stock. Keefe, Bruyette & Woods’ target price indicates a potential upside of 15.70% from the company’s previous close.

A number of other equities analysts have also recently weighed in on AINV. Jefferies Group LLC reaffirmed a “buy” rating and set a $7.00 price target on shares of Apollo Investment Corporation in a research note on Friday, September 22nd. BidaskClub cut shares of Apollo Investment Corporation from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 19th. Bank of America Corporation reaffirmed an “underperform” rating and set a $6.00 price target (up from $5.50) on shares of Apollo Investment Corporation in a research note on Wednesday, August 9th. National Securities reaffirmed a “neutral” rating and set a $6.00 price target on shares of Apollo Investment Corporation in a research note on Wednesday, August 9th. Finally, Zacks Investment Research raised shares of Apollo Investment Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, August 8th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $6.33.

Apollo Investment Corporation (NASDAQ:AINV) opened at 6.05 on Thursday. The firm’s 50-day moving average is $6.03 and its 200 day moving average is $6.33. Apollo Investment Corporation has a 12-month low of $5.65 and a 12-month high of $6.82.

Apollo Investment Corporation (NASDAQ:AINV) last announced its quarterly earnings data on Friday, August 4th. The asset manager reported $0.15 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.15. The company had revenue of $66.70 million for the quarter, compared to analysts’ expectations of $65.19 million. Apollo Investment Corporation had a net margin of 33.04% and a return on equity of 9.75%. Apollo Investment Corporation’s revenue was down 12.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.17 EPS. On average, equities analysts predict that Apollo Investment Corporation will post $0.63 EPS for the current fiscal year.

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Several large investors have recently bought and sold shares of AINV. Arrowstreet Capital Limited Partnership acquired a new position in shares of Apollo Investment Corporation during the 2nd quarter worth $7,552,000. UBS Group AG boosted its position in shares of Apollo Investment Corporation by 54.7% in the 1st quarter. UBS Group AG now owns 2,461,815 shares of the asset manager’s stock worth $16,150,000 after buying an additional 870,491 shares in the last quarter. Muzinich & Co. Inc. boosted its position in shares of Apollo Investment Corporation by 8.1% in the 2nd quarter. Muzinich & Co. Inc. now owns 9,566,415 shares of the asset manager’s stock worth $61,129,000 after buying an additional 720,293 shares in the last quarter. Van ECK Associates Corp boosted its position in shares of Apollo Investment Corporation by 28.8% in the 2nd quarter. Van ECK Associates Corp now owns 1,520,764 shares of the asset manager’s stock worth $9,718,000 after buying an additional 339,843 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in shares of Apollo Investment Corporation by 78.8% in the 2nd quarter. Goldman Sachs Group Inc. now owns 505,014 shares of the asset manager’s stock worth $3,228,000 after buying an additional 222,583 shares in the last quarter. 45.84% of the stock is currently owned by institutional investors and hedge funds.

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.

Analyst Recommendations for Apollo Investment Corporation (NASDAQ:AINV)

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