Apollo Investment Corporation (NASDAQ:AINV) Shares Bought by Aperio Group LLC

Aperio Group LLC increased its stake in Apollo Investment Corporation (NASDAQ:AINV) by 22.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,744 shares of the asset manager’s stock after buying an additional 3,417 shares during the period. Aperio Group LLC’s holdings in Apollo Investment Corporation were worth $120,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Neuberger Berman Group LLC lifted its holdings in Apollo Investment Corporation by 0.5% in the first quarter. Neuberger Berman Group LLC now owns 174,720 shares of the asset manager’s stock worth $1,146,000 after purchasing an additional 800 shares during the period. Raymond James Financial Services Advisors Inc. lifted its holdings in Apollo Investment Corporation by 3.0% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 27,951 shares of the asset manager’s stock valued at $183,000 after acquiring an additional 820 shares during the last quarter. Green Square Capital LLC lifted its holdings in Apollo Investment Corporation by 2.6% in the 1st quarter. Green Square Capital LLC now owns 56,057 shares of the asset manager’s stock valued at $376,000 after acquiring an additional 1,394 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in Apollo Investment Corporation by 48.5% in the 1st quarter. Bank of New York Mellon Corp now owns 21,132 shares of the asset manager’s stock valued at $138,000 after acquiring an additional 6,901 shares during the last quarter. Finally, WFG Advisors LP raised its holdings in Apollo Investment Corporation by 2.6% during the 1st quarter. WFG Advisors LP now owns 394,716 shares of the asset manager’s stock worth $2,589,000 after buying an additional 10,138 shares during the period. Hedge funds and other institutional investors own 45.84% of the company’s stock.

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Apollo Investment Corporation (NASDAQ:AINV) traded up 0.1248% during midday trading on Friday, hitting $6.0175. The stock had a trading volume of 522,775 shares. The firm has a 50-day moving average price of $6.18 and a 200-day moving average price of $6.37. Apollo Investment Corporation has a 1-year low of $5.65 and a 1-year high of $6.82.

Apollo Investment Corporation (NASDAQ:AINV) last posted its quarterly earnings results on Friday, August 4th. The asset manager reported $0.15 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.15. The firm had revenue of $66.70 million during the quarter, compared to analyst estimates of $65.19 million. Apollo Investment Corporation had a return on equity of 9.75% and a net margin of 33.04%. The business’s revenue for the quarter was down 12.8% on a year-over-year basis. During the same period last year, the company earned $0.17 earnings per share. Equities research analysts predict that Apollo Investment Corporation will post $0.63 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 5th. Shareholders of record on Thursday, September 21st will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 10.01%. The ex-dividend date of this dividend is Wednesday, September 20th. Apollo Investment Corporation’s dividend payout ratio (DPR) is currently 150.00%.

Several analysts have issued reports on the company. Zacks Investment Research downgraded Apollo Investment Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. National Securities reiterated a “neutral” rating and issued a $6.00 target price on shares of Apollo Investment Corporation in a report on Wednesday, August 9th. BidaskClub downgraded Apollo Investment Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. Bank of America Corporation reiterated an “underperform” rating and issued a $6.00 target price (up previously from $5.50) on shares of Apollo Investment Corporation in a report on Wednesday, August 9th. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $7.00 target price on shares of Apollo Investment Corporation in a report on Friday, July 14th. Two analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $6.25.

Apollo Investment Corporation 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.

Institutional Ownership by Quarter for Apollo Investment Corporation (NASDAQ:AINV)

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