Apollo Investment Corporation (AINV) Rating Reiterated by SunTrust Banks, Inc.
Apollo Investment Corporation (NASDAQ:AINV)‘s stock had its “buy” rating reissued by stock analysts at SunTrust Banks, Inc. in a report released on Friday.
Several other equities research analysts have also weighed in on the company. Compass Point raised Apollo Investment Corporation from a “neutral” rating to a “buy” rating in a report on Friday. J P Morgan Chase & Co decreased their price objective on Apollo Investment Corporation from $6.50 to $6.00 and set a “neutral” rating for the company in a report on Wednesday. Keefe, Bruyette & Woods set a $7.00 price objective on Apollo Investment Corporation and gave the stock a “hold” rating in a report on Thursday, October 5th. Jefferies Group LLC reissued a “buy” rating and issued a $7.00 price objective on shares of Apollo Investment Corporation in a report on Friday, September 22nd. Finally, BidaskClub lowered Apollo Investment Corporation from a “sell” rating to a “strong sell” rating in a report on Saturday, August 19th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $6.28.
Shares of Apollo Investment Corporation (NASDAQ:AINV) opened at $6.09 on Friday. The stock has a market cap of $1.29 billion, a PE ratio of 8.76, a price-to-earnings-growth ratio of 1.86 and a beta of 0.93. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.62.
Apollo Investment Corporation (NASDAQ:AINV) last announced its earnings results on Friday, November 3rd. The asset manager reported $0.16 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.16. Apollo Investment Corporation had a return on equity of 9.75% and a net margin of 33.04%. The firm had revenue of $66.46 million during the quarter, compared to analyst estimates of $67.75 million. During the same period last year, the firm posted $0.18 EPS. The business’s revenue was down 3.7% compared to the same quarter last year. analysts predict that Apollo Investment Corporation will post 0.63 EPS for the current year.
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A number of hedge funds and other institutional investors have recently modified their holdings of AINV. Karp Capital Management Corp bought a new position in Apollo Investment Corporation in the 1st quarter worth about $101,000. Atria Investments LLC bought a new position in Apollo Investment Corporation in the 2nd quarter worth about $103,000. GAM Holding AG boosted its stake in Apollo Investment Corporation by 2.7% in the 2nd quarter. GAM Holding AG now owns 16,652 shares of the asset manager’s stock worth $106,000 after purchasing an additional 441 shares during the period. Rhumbline Advisers boosted its stake in Apollo Investment Corporation by 0.3% in the 2nd quarter. Rhumbline Advisers now owns 16,708 shares of the asset manager’s stock worth $107,000 after purchasing an additional 58 shares during the period. Finally, Essex Financial Services Inc. bought a new position in Apollo Investment Corporation in the 2nd quarter worth about $112,000. Institutional investors and hedge funds own 45.73% of the company’s stock.
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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