Apollo Tactical Income Fund (AIF) Given “Average” Rating at Scotiabank

Scotiabank reiterated their average rating on shares of Apollo Tactical Income Fund (NYSE:AIF) in a research note released on Friday. They currently have a $34.00 target price on the stock.

NYSE:AIF remained flat at $$15.21 during trading hours on Friday. The company’s stock had a trading volume of 47,060 shares, compared to its average volume of 57,067. Apollo Tactical Income Fund has a 52 week low of $14.82 and a 52 week high of $15.97.

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 30th. Shareholders of record on Friday, November 16th will be paid a dividend of $0.107 per share. The ex-dividend date is Thursday, November 15th. This represents a $1.28 annualized dividend and a yield of 8.44%.

A number of large investors have recently bought and sold shares of the business. Wells Fargo & Company MN increased its stake in Apollo Tactical Income Fund by 2.5% during the 3rd quarter. Wells Fargo & Company MN now owns 664,652 shares of the company’s stock worth $10,322,000 after buying an additional 15,919 shares in the last quarter. First Trust Advisors LP purchased a new stake in Apollo Tactical Income Fund during the 3rd quarter worth approximately $1,090,000. Capital Investment Advisors LLC increased its stake in Apollo Tactical Income Fund by 47.3% during the 3rd quarter. Capital Investment Advisors LLC now owns 20,700 shares of the company’s stock worth $321,000 after buying an additional 6,650 shares in the last quarter. Advisors Asset Management Inc. increased its stake in Apollo Tactical Income Fund by 9.8% during the 2nd quarter. Advisors Asset Management Inc. now owns 1,111,527 shares of the company’s stock worth $17,340,000 after buying an additional 99,423 shares in the last quarter. Finally, Bank of America Corp DE increased its stake in Apollo Tactical Income Fund by 33.1% during the 2nd quarter. Bank of America Corp DE now owns 110,894 shares of the company’s stock worth $1,730,000 after buying an additional 27,575 shares in the last quarter.

About Apollo Tactical Income Fund

There is no company description available for Apollo Tactical Income Fund Inc.

See Also: Cost of Capital

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