Diligent Investors LLC decreased its stake in shares of Apollo Investment Corp. (NASDAQ:AINV) by 0.4% during the second quarter, Holdings Channel reports. The fund owned 52,700 shares of the company’s stock after selling 200 shares during the period. Diligent Investors LLC’s holdings in Apollo Investment Corp. were worth $292,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in the stock. Mckinley Capital Management LLC Delaware increased its stake in Apollo Investment Corp. by 7.6% in the first quarter. Mckinley Capital Management LLC Delaware now owns 315,157 shares of the company’s stock worth $1,749,000 after buying an additional 22,197 shares in the last quarter. BlackRock Group LTD increased its stake in Apollo Investment Corp. by 2.2% in the first quarter. BlackRock Group LTD now owns 1,058,847 shares of the company’s stock worth $5,877,000 after buying an additional 23,053 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Apollo Investment Corp. by 127.7% in the first quarter. JPMorgan Chase & Co. now owns 385,466 shares of the company’s stock worth $2,139,000 after buying an additional 216,166 shares in the last quarter. Legal & General Group Plc increased its stake in Apollo Investment Corp. by 25.3% in the first quarter. Legal & General Group Plc now owns 460,427 shares of the company’s stock worth $2,553,000 after buying an additional 92,848 shares in the last quarter. Finally, Eqis Capital Management Inc. increased its stake in Apollo Investment Corp. by 14.1% in the second quarter. Eqis Capital Management Inc. now owns 22,332 shares of the company’s stock worth $124,000 after buying an additional 2,753 shares in the last quarter. 42.91% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Apollo Investment Corp. (NASDAQ:AINV) traded down 0.17% during mid-day trading on Thursday, hitting $5.95. The company’s stock had a trading volume of 1,036,012 shares. The company has a 50-day moving average price of $6.00 and a 200-day moving average price of $5.70. Apollo Investment Corp. has a 1-year low of $4.26 and a 1-year high of $6.39.
Apollo Investment Corp. (NASDAQ:AINV) last posted its quarterly earnings results on Friday, August 5th. The company reported $0.17 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.19 by $0.02. Apollo Investment Corp. had a negative net margin of 26.23% and a positive return on equity of 10.57%. During the same period last year, the company posted $0.22 earnings per share. Equities analysts anticipate that Apollo Investment Corp. will post $0.67 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, October 5th. Stockholders of record on Wednesday, September 21st were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 10.08%. The ex-dividend date of this dividend was Monday, September 19th. Apollo Investment Corp.’s dividend payout ratio (DPR) is currently -146.34%.
A number of analysts have recently commented on AINV shares. Jefferies Group reissued a “buy” rating on shares of Apollo Investment Corp. in a research note on Friday, August 5th. National Securities reaffirmed a “neutral” rating and set a $6.00 target price on shares of Apollo Investment Corp. in a research report on Monday, August 8th. Finally, Bank of America Corp. lowered Apollo Investment Corp. from a “neutral” rating to an “underperform” rating in a research report on Friday, July 8th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company. Apollo Investment Corp. has an average rating of “Hold” and an average price target of $6.52.
In related news, CEO James C. Zelter purchased 20,000 shares of the business’s stock in a transaction dated Monday, August 8th. The shares were bought at an average price of $5.58 per share, with a total value of $111,600.00. Following the purchase, the chief executive officer now directly owns 318,166 shares in the company, valued at approximately $1,775,366.28. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, President Howard Widra purchased 5,000 shares of the business’s stock in a transaction dated Wednesday, August 17th. The stock was bought at an average cost of $6.02 per share, for a total transaction of $30,100.00. The disclosure for this purchase can be found here. 0.26% of the stock is owned by insiders.
Apollo Investment Corp. 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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