Apollo Investment (AINV) Upgraded at BidaskClub

BidaskClub upgraded shares of Apollo Investment (NASDAQ:AINV) from a strong sell rating to a sell rating in a report issued on Thursday morning.

AINV has been the subject of a number of other research reports. SunTrust Banks reissued a buy rating on shares of Apollo Investment in a research note on Friday, November 3rd. ValuEngine raised shares of Apollo Investment from a hold rating to a buy rating in a research note on Friday, December 1st. Jefferies Group reissued a buy rating and issued a $7.00 price objective on shares of Apollo Investment in a research note on Friday, September 22nd. Raymond James Financial raised shares of Apollo Investment from a market perform rating to an outperform rating and set a $7.00 price objective for the company in a research note on Tuesday, November 7th. Finally, National Securities reissued a neutral rating and issued a $6.00 price objective on shares of Apollo Investment in a research note on Tuesday, November 7th. 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 stock. The stock has a consensus rating of Hold and an average target price of $6.41.

Apollo Investment (NASDAQ AINV) traded down $0.06 during trading on Thursday, hitting $5.72. 1,375,464 shares of the stock traded hands, compared to its average volume of 1,000,000. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.59. Apollo Investment has a 1 year low of $5.69 and a 1 year high of $6.82. The company has a market capitalization of $1,240.00, a P/E ratio of 15.89, a PEG ratio of 1.85 and a beta of 0.93.

Apollo Investment (NASDAQ:AINV) last issued its quarterly earnings data on Friday, November 3rd. The asset manager reported $0.16 EPS for the quarter, hitting analysts’ consensus estimates 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 net margin of 29.87% and a return on equity of 9.51%. Apollo Investment’s revenue for the quarter was down 3.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.18 earnings per share. research analysts expect that Apollo Investment will post 0.63 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 5th. Stockholders of record on Thursday, December 21st will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 10.49%. The ex-dividend date of this dividend is Wednesday, December 20th. Apollo Investment’s dividend payout ratio (DPR) is presently 166.67%.

Institutional investors and hedge funds have recently made changes to their positions in the company. GAM Holding AG boosted its holdings 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 purchasing an additional 441 shares during the last quarter. Rhumbline Advisers boosted its holdings 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 purchasing an additional 58 shares during the last quarter. Essex Financial Services Inc. purchased a new stake in Apollo Investment in the second quarter valued at $112,000. Cubist Systematic Strategies LLC purchased a new stake in Apollo Investment in the third quarter valued at $108,000. Finally, HighTower Advisors LLC boosted its holdings in Apollo Investment by 8.8% in the second quarter. HighTower Advisors LLC now owns 17,884 shares of the asset manager’s stock valued at $115,000 after purchasing an additional 1,451 shares during the last quarter. 46.42% of the stock is currently owned by hedge funds and other institutional investors.

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About Apollo Investment

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 (NASDAQ:AINV)

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