Compass Point Initiates Coverage on Apollo Investment Corporation (AINV)

Research analysts at Compass Point started coverage on shares of Apollo Investment Corporation (NASDAQ:AINV) in a report issued on Thursday. The firm set a “neutral” rating and a $6.25 price target on the asset manager’s stock. Compass Point’s price objective would indicate a potential upside of 2.63% from the stock’s current price.

A number of other research analysts have also issued reports on the company. Jefferies Group LLC reaffirmed a “buy” rating and set a $7.00 target price on shares of Apollo Investment Corporation in a report on Friday, July 14th. Keefe, Bruyette & Woods set a $7.00 target price on Apollo Investment Corporation and gave the stock a “hold” rating in a report on Thursday, October 5th. Zacks Investment Research raised Apollo Investment Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, July 19th. BidaskClub lowered Apollo Investment Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. Finally, Bank of America Corporation reaffirmed an “underperform” rating and set a $6.00 target price (up from $5.50) on shares of Apollo Investment Corporation in a report on Wednesday, August 9th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. Apollo Investment Corporation currently has an average rating of “Hold” and an average target price of $6.28.

Shares of Apollo Investment Corporation (AINV) traded up $0.18 on Thursday, hitting $6.09. The stock had a trading volume of 1,595,373 shares, compared to its average volume of 790,283. The firm has a market capitalization of $1,337.94, a price-to-earnings ratio of 9.37, a price-to-earnings-growth ratio of 1.93 and a beta of 0.93. Apollo Investment Corporation has a 52 week low of $5.65 and a 52 week high of $6.82. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.64 and a quick ratio of 0.64.

Apollo Investment Corporation (NASDAQ:AINV) last released its earnings results on Friday, November 3rd. The asset manager reported $0.16 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.16. The firm had revenue of $66.46 million for the quarter, compared to analyst estimates of $67.75 million. Apollo Investment Corporation had a return on equity of 9.75% and a net margin of 33.04%. Apollo Investment Corporation’s revenue was down 3.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.18 earnings per share. research analysts expect that Apollo Investment Corporation will post 0.63 earnings per share for the current fiscal year.

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Large investors have recently added to or reduced their stakes in the stock. Karp Capital Management Corp acquired a new position in shares of Apollo Investment Corporation in the 1st quarter valued at $101,000. Atria Investments LLC acquired a new position in shares of Apollo Investment Corporation in the 2nd quarter valued at $103,000. GAM Holding AG boosted its position in shares of Apollo Investment Corporation by 2.7% in the 2nd quarter. GAM Holding AG now owns 16,652 shares of the asset manager’s stock valued at $106,000 after purchasing an additional 441 shares during the period. Rhumbline Advisers boosted its position in shares of Apollo Investment Corporation by 0.3% in the 2nd quarter. Rhumbline Advisers now owns 16,708 shares of the asset manager’s stock valued at $107,000 after purchasing an additional 58 shares during the period. Finally, Essex Financial Services Inc. acquired a new position in shares of Apollo Investment Corporation in the 2nd quarter valued at $112,000. Institutional investors and hedge funds own 45.73% of the company’s stock.

About Apollo Investment Corporation

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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