News coverage about Apollo Investment (NASDAQ:AINV) has trended somewhat positive this week, according to Accern Sentiment Analysis. The research group scores the sentiment of press coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Apollo Investment earned a news sentiment score of 0.19 on Accern’s scale. Accern also gave news coverage about the asset manager an impact score of 45.3558152887814 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the news articles that may have effected Accern Sentiment’s scoring:
- What’s Happening With These Asset Management Stocks? — Altaba, Ameriprise Financial, Apollo Investment, and Artisan Partners Asset Management (bizjournals.com)
- $63.74 Million in Sales Expected for Apollo Investment Co. (AINV) This Quarter (americanbankingnews.com)
- Apollo Investment Co. (AINV) Receives Consensus Rating of “Hold” from Brokerages (americanbankingnews.com)
- Do Analysts Think You Should Buy – Apollo Investment Corporation, (NASDAQ: AINV) (stocktradingmedia.com)
- Apollo Said to Consider IPO of Rackspace (datacenterknowledge.com)
A number of research firms have recently commented on AINV. BidaskClub upgraded shares of Apollo Investment from a “strong sell” rating to a “sell” rating in a research report on Friday, February 2nd. TheStreet lowered shares of Apollo Investment from a “b-” rating to a “c” rating in a research report on Wednesday, February 7th. ValuEngine upgraded shares of Apollo Investment from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, March 7th. SunTrust Banks restated a “buy” rating and set a $6.50 price target on shares of Apollo Investment in a research report on Thursday, February 8th. Finally, National Securities restated a “neutral” rating and set a $6.00 price target on shares of Apollo Investment in a research report on Thursday, February 8th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $6.38.
Apollo Investment (NASDAQ:AINV) last announced its earnings results on Wednesday, February 7th. The asset manager reported $0.16 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.16. Apollo Investment had a net margin of 28.18% and a return on equity of 9.45%. The company had revenue of $64.75 million during the quarter, compared to analyst estimates of $65.94 million. During the same period in the previous year, the business earned $0.17 earnings per share. The firm’s quarterly revenue was down 4.9% compared to the same quarter last year. sell-side analysts forecast that Apollo Investment will post 0.62 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, April 12th. Investors of record on Tuesday, March 27th will be given a $0.15 dividend. The ex-dividend date of this dividend is Monday, March 26th. This represents a $0.60 annualized dividend and a yield of 11.49%. Apollo Investment’s dividend payout ratio (DPR) is presently 176.47%.
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.
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