TheStreet Downgrades Apollo Investment (AINV) to C

TheStreet downgraded shares of Apollo Investment (NASDAQ:AINV) from a b- rating to a c rating in a research report released on Wednesday.

A number of other research analysts also recently commented on AINV. Wells Fargo & Co upgraded Apollo Investment from a market perform rating to an outperform rating and set a $6.00 price objective for the company in a research note on Thursday. National Securities restated a neutral rating and set a $6.00 price objective on shares of Apollo Investment in a research note on Thursday. BidaskClub upgraded Apollo Investment from a strong sell rating to a sell rating in a research note on Friday, February 2nd. SunTrust Banks reissued a buy rating and issued a $6.50 price target on shares of Apollo Investment in a research note on Thursday. Finally, Compass Point initiated coverage on Apollo Investment in a research note on Thursday, November 2nd. They issued a neutral rating and a $6.25 price target for the company. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company’s stock. Apollo Investment currently has a consensus rating of Hold and an average target price of $6.38.

Apollo Investment (AINV) opened at $5.30 on Wednesday. The company has a market capitalization of $1,160.00, a price-to-earnings ratio of 15.59, a P/E/G ratio of 1.73 and a beta of 0.88. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.61 and a current ratio of 0.43. Apollo Investment has a 52 week low of $5.30 and a 52 week high of $6.82.

Apollo Investment (NASDAQ:AINV) last issued its quarterly earnings data on Wednesday, February 7th. The asset manager reported $0.16 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.16. The firm had revenue of $64.75 million during the quarter, compared to the consensus estimate of $65.94 million. Apollo Investment had a return on equity of 9.45% and a net margin of 28.18%. The firm’s revenue was down 4.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.17 EPS. analysts anticipate that Apollo Investment will post 0.63 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 12th. Stockholders of record on Tuesday, March 27th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Monday, March 26th. This represents a $0.60 annualized dividend and a dividend yield of 11.32%. Apollo Investment’s payout ratio is 176.47%.

Several institutional investors have recently made changes to their positions in AINV. Rhumbline Advisers lifted its holdings in shares of 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 period. Bank of New York Mellon Corp lifted its holdings in shares of Apollo Investment by 16.6% in the second quarter. Bank of New York Mellon Corp now owns 24,632 shares of the asset manager’s stock valued at $158,000 after buying an additional 3,500 shares during the period. Northern Trust Corp lifted its holdings in shares of Apollo Investment by 13.3% in the second quarter. Northern Trust Corp now owns 122,694 shares of the asset manager’s stock valued at $784,000 after buying an additional 14,404 shares during the period. California Public Employees Retirement System lifted its holdings in shares of Apollo Investment by 10.2% in the second quarter. California Public Employees Retirement System now owns 485,300 shares of the asset manager’s stock valued at $3,101,000 after buying an additional 44,900 shares during the period. Finally, Virtu KCG Holdings LLC lifted its holdings in shares of Apollo Investment by 55.6% in the second quarter. Virtu KCG Holdings LLC now owns 52,694 shares of the asset manager’s stock valued at $337,000 after buying an additional 18,824 shares during the period. Institutional investors and hedge funds own 46.51% 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.

Analyst Recommendations for Apollo Investment (NASDAQ:AINV)

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