Apollo Investment Corp. (NASDAQ:AINV)’s share price passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $16.01 and traded as low as $16.28. Apollo Investment shares last traded at $16.32, with a volume of 5,655 shares changing hands.
Several research firms have recently issued reports on AINV. ValuEngine upgraded shares of Yirendai from a “strong sell” rating to a “sell” rating in a research report on Friday, May 3rd. Zacks Investment Research cut shares of G1 Therapeutics from a “buy” rating to a “hold” rating in a research report on Thursday, May 16th. BidaskClub cut shares of Xencor from a “sell” rating to a “strong sell” rating in a research report on Tuesday, June 11th. TheStreet cut shares of Zimmer Biomet from a “b-” rating to a “c” rating in a research report on Friday, June 7th. Finally, National Securities reiterated a “neutral” rating and set a $18.00 price objective on shares of Apollo Investment in a research report on Monday, May 20th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $17.40.
The company has a debt-to-equity ratio of 0.86, a current ratio of 1.32 and a quick ratio of 1.32. The stock has a 50 day simple moving average of $16.02. The stock has a market capitalization of $1.11 billion, a P/E ratio of 9.03, a PEG ratio of 9.04 and a beta of 1.10.
Apollo Investment (NASDAQ:AINV) last posted its quarterly earnings data on Thursday, May 16th. The asset manager reported $0.47 EPS for the quarter, topping the consensus estimate of $0.45 by $0.02. The company had revenue of $61.41 million during the quarter, compared to analyst estimates of $64.29 million. Apollo Investment had a net margin of 28.20% and a return on equity of 9.48%. Apollo Investment’s quarterly revenue was down .1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.15 earnings per share. As a group, equities analysts predict that Apollo Investment Corp. will post 1.82 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, July 5th. Stockholders of record on Thursday, June 20th were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 11.01%. The ex-dividend date was Wednesday, June 19th. Apollo Investment’s dividend payout ratio is currently 99.45%.
Several institutional investors and hedge funds have recently modified their holdings of the company. Whittier Trust Co. boosted its stake in shares of Apollo Investment by 43.7% during the first quarter. Whittier Trust Co. now owns 2,192 shares of the asset manager’s stock valued at $33,000 after purchasing an additional 667 shares during the period. Advisory Services Network LLC boosted its stake in shares of Apollo Investment by 13.5% during the first quarter. Advisory Services Network LLC now owns 6,250 shares of the asset manager’s stock valued at $95,000 after purchasing an additional 744 shares during the period. Garner Asset Management Corp boosted its stake in shares of Apollo Investment by 1.0% during the first quarter. Garner Asset Management Corp now owns 86,288 shares of the asset manager’s stock valued at $1,306,000 after purchasing an additional 816 shares during the period. Zeke Capital Advisors LLC boosted its stake in shares of Apollo Investment by 8.6% during the first quarter. Zeke Capital Advisors LLC now owns 12,252 shares of the asset manager’s stock valued at $185,000 after purchasing an additional 973 shares during the period. Finally, DNB Asset Management AS boosted its stake in shares of Apollo Investment by 2.1% during the second quarter. DNB Asset Management AS now owns 64,497 shares of the asset manager’s stock valued at $1,019,000 after purchasing an additional 1,300 shares during the period. 41.95% of the stock is owned by hedge funds and other institutional investors.
About Apollo Investment (NASDAQ:AINV)
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.
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