Apollo Investment (NASDAQ: AINV) has recently received a number of price target changes and ratings updates:

  • 4/9/2019 – Apollo Investment was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Apollo Investment Corporation is a closed-end investment company that has elected to be treated as a business development company under the Investment Company Act of 1940. The Company’s investment portfolio will be principally in middle-market private companies. “
  • 4/9/2019 – Apollo Investment was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 4/5/2019 – Apollo Investment was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 4/3/2019 – Apollo Investment was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Apollo Investment Corporation is a closed-end investment company that has elected to be treated as a business development company under the Investment Company Act of 1940. The Company’s investment portfolio will be principally in middle-market private companies. “
  • 3/21/2019 – Apollo Investment was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Apollo Investment Corporation is a closed-end investment company that has elected to be treated as a business development company under the Investment Company Act of 1940. The Company’s investment portfolio will be principally in middle-market private companies. “
  • 2/28/2019 – Apollo Investment was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.

AINV stock opened at $15.29 on Monday. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $1.06 billion, a PE ratio of 8.36, a P/E/G ratio of 1.64 and a beta of 1.23. Apollo Investment Corp. has a 1 year low of $12.05 and a 1 year high of $18.00.

Apollo Investment (NASDAQ:AINV) last posted its quarterly earnings results on Wednesday, February 6th. The asset manager reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.01). The company had revenue of $64.00 million during the quarter, compared to analysts’ expectations of $64.31 million. Apollo Investment had a net margin of 23.80% and a return on equity of 9.25%. Apollo Investment’s revenue for the quarter was down 1.1% on a year-over-year basis. During the same quarter last year, the company earned $0.16 earnings per share. Equities research analysts predict that Apollo Investment Corp. will post 1.79 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Thursday, March 21st were given a $0.45 dividend. The ex-dividend date of this dividend was Wednesday, March 20th. This is a positive change from Apollo Investment’s previous quarterly dividend of $0.15. This represents a $1.80 dividend on an annualized basis and a dividend yield of 11.77%. Apollo Investment’s dividend payout ratio is 98.36%.

Hedge funds have recently bought and sold shares of the company. Koshinski Asset Management Inc. grew its position in shares of Apollo Investment by 103.8% in the third quarter. Koshinski Asset Management Inc. now owns 79,516 shares of the asset manager’s stock valued at $433,000 after purchasing an additional 40,502 shares in the last quarter. Callodine Capital Management LP purchased a new stake in shares of Apollo Investment in the fourth quarter valued at approximately $2,583,000. Dfpg Investments Inc. purchased a new stake in shares of Apollo Investment in the fourth quarter valued at approximately $210,000. BlackRock Inc. grew its position in shares of Apollo Investment by 6.3% in the third quarter. BlackRock Inc. now owns 1,033,031 shares of the asset manager’s stock valued at $5,620,000 after purchasing an additional 61,313 shares in the last quarter. Finally, Strategic Wealth Advisors Group LLC purchased a new stake in shares of Apollo Investment in the fourth quarter valued at approximately $1,080,000. Institutional investors and hedge funds own 45.03% of the company’s stock.

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.

Further Reading: Support Level

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