BidaskClub Lowers Apollo Investment (AINV) to Strong Sell
BidaskClub downgraded shares of Apollo Investment (NASDAQ:AINV) from a sell rating to a strong sell rating in a research report released on Saturday.
AINV has been the subject of a number of other reports. Compass Point raised Apollo Investment from a neutral rating to a buy rating in a research report on Friday, November 3rd. Keefe, Bruyette & Woods set a $7.00 target price on Apollo Investment and gave the stock a hold rating in a research note on Thursday, October 5th. SunTrust Banks restated a buy rating on shares of Apollo Investment in a research note on Friday, November 3rd. BMO Capital Markets restated a hold rating and set a $6.00 target price on shares of Apollo Investment in a research note on Wednesday, November 15th. Finally, ValuEngine upgraded Apollo Investment from a hold rating to a buy rating in a research note on Friday, December 1st. Two analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company’s stock. Apollo Investment currently has an average rating of Hold and an average price target of $6.41.
Apollo Investment (NASDAQ AINV) opened at $5.75 on Friday. The firm has a market capitalization of $1,260.00, a PE ratio of 15.97, a price-to-earnings-growth ratio of 1.84 and a beta of 0.94. 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 has a 52-week low of $5.60 and a 52-week high of $6.82.
Apollo Investment (NASDAQ:AINV) last released its earnings results on Friday, November 3rd. The asset manager reported $0.16 earnings per share for the quarter, meeting the 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 had a return on equity of 9.51% and a net margin of 29.87%. Apollo Investment’s revenue was down 3.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.18 EPS. equities research analysts anticipate that Apollo Investment will post 0.63 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, January 5th. Shareholders of record on Thursday, December 21st were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 10.43%. The ex-dividend date of this dividend was Wednesday, December 20th. Apollo Investment’s dividend payout ratio is currently 166.67%.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Rhumbline Advisers lifted its stake in Apollo Investment by 0.3% in the second 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 last quarter. The Manufacturers Life Insurance Company lifted its stake in Apollo Investment by 0.9% in the second quarter. The Manufacturers Life Insurance Company now owns 18,016 shares of the asset manager’s stock valued at $115,000 after buying an additional 168 shares during the last quarter. Pinebridge Investments L.P. lifted its stake in Apollo Investment by 0.7% in the second quarter. Pinebridge Investments L.P. now owns 63,452 shares of the asset manager’s stock valued at $405,000 after buying an additional 433 shares during the last quarter. GAM Holding AG lifted its stake in Apollo Investment by 2.7% in the second 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 last quarter. Finally, Green Square Capital LLC lifted its stake in Apollo Investment by 1.6% in the second quarter. Green Square Capital LLC now owns 56,976 shares of the asset manager’s stock valued at $373,000 after buying an additional 919 shares during the last quarter. Institutional investors own 46.42% of the company’s stock.
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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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