Investment analysts at Compass Point initiated coverage on shares of Apollo Investment Corporation (NASDAQ:AINV) in a report issued on Thursday, November 2nd. The firm set a “neutral” rating and a $6.25 price target on the asset manager’s stock. Compass Point’s target price suggests a potential upside of 3.31% from the stock’s previous close.
A number of other research firms also recently weighed in on AINV. Zacks Investment Research downgraded Apollo Investment Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. National Securities reaffirmed a “neutral” rating and set a $6.00 price target on shares of Apollo Investment Corporation in a research report on Wednesday, August 9th. BidaskClub downgraded Apollo Investment Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. Jefferies Group LLC reiterated a “buy” rating and set a $7.00 price objective on shares of Apollo Investment Corporation in a research note on Friday, July 14th. Finally, Bank of America Corporation reiterated an “underperform” rating and set a $6.00 price objective (up previously from $5.50) on shares of Apollo Investment Corporation in a research note on Wednesday, August 9th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the stock. Apollo Investment Corporation currently has an average rating of “Hold” and an average target price of $6.41.
Apollo Investment Corporation (AINV) traded up $0.01 during trading on Thursday, hitting $6.05. The stock had a trading volume of 594,207 shares, compared to its average volume of 878,300. The firm has a market cap of $1,320.00, a price-to-earnings ratio of 9.34, a P/E/G ratio of 1.94 and a beta of 0.93. Apollo Investment Corporation has a 52 week low of $5.69 and a 52 week high of $6.82. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.61 and a quick ratio of 0.61.
Apollo Investment Corporation (NASDAQ:AINV) last issued its quarterly earnings data on Friday, November 3rd. The asset manager reported $0.16 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.16. Apollo Investment Corporation had a return on equity of 9.51% and a net margin of 29.87%. The business had revenue of $66.46 million during the quarter, compared to analyst estimates of $67.75 million. During the same period in the previous year, the firm earned $0.18 EPS. Apollo Investment Corporation’s quarterly revenue was down 3.7% compared to the same quarter last year. equities research analysts expect that Apollo Investment Corporation will post 0.63 EPS for the current fiscal year.
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Hedge funds have recently bought and sold shares of the business. Karp Capital Management Corp acquired a new stake in shares of Apollo Investment Corporation during the 1st quarter worth $101,000. Atria Investments LLC acquired a new stake in shares of Apollo Investment Corporation during the 2nd quarter worth $103,000. GAM Holding AG grew its holdings in shares of Apollo Investment Corporation by 2.7% during the 2nd quarter. GAM Holding AG now owns 16,652 shares of the asset manager’s stock worth $106,000 after purchasing an additional 441 shares in the last quarter. Rhumbline Advisers grew its holdings in shares of Apollo Investment Corporation by 0.3% during the 2nd quarter. Rhumbline Advisers now owns 16,708 shares of the asset manager’s stock worth $107,000 after purchasing an additional 58 shares in the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of Apollo Investment Corporation during the 3rd quarter worth $108,000. Hedge funds and other institutional investors own 46.31% of the company’s stock.
About Apollo Investment Corporation
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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