Apollo Investment Corp. (NASDAQ:AINV) declared a quarterly dividend on Friday, May 19th. Investors of record on Wednesday, June 21st will be given a dividend of 0.15 per share by the asset manager on Thursday, July 6th. This represents a $0.60 annualized dividend and a yield of 9.52%. The ex-dividend date is Monday, June 19th.
Shares of Apollo Investment Corp. (NASDAQ:AINV) traded down 0.63% during trading on Friday, reaching $6.26. The company’s stock had a trading volume of 2,026,013 shares. Apollo Investment Corp. has a 12 month low of $5.03 and a 12 month high of $6.82. The firm’s market cap is $1.38 billion. The company’s 50 day moving average price is $6.59 and its 200 day moving average price is $6.21.
Apollo Investment Corp. (NASDAQ:AINV) last issued its earnings results on Thursday, May 18th. The asset manager reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.01. Apollo Investment Corp. had a positive return on equity of 10.03% and a negative net margin of 4.38%. The business had revenue of $66.30 million during the quarter, compared to analysts’ expectations of $68.89 million. During the same quarter in the prior year, the firm earned $0.20 EPS. The business’s revenue for the quarter was down 22.3% compared to the same quarter last year. On average, equities analysts predict that Apollo Investment Corp. will post $0.65 earnings per share for the current year.
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An institutional investor recently raised its position in Apollo Investment Corp. stock. Geode Capital Management LLC increased its stake in shares of Apollo Investment Corp. (NASDAQ:AINV) by 24.3% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 28,351 shares of the asset manager’s stock after buying an additional 5,535 shares during the period. Geode Capital Management LLC’s holdings in Apollo Investment Corp. were worth $185,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 45.20% of the company’s stock.
A number of brokerages have issued reports on AINV. Zacks Investment Research raised Apollo Investment Corp. from a “sell” rating to a “hold” rating in a report on Monday, January 23rd. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $6.50 target price on shares of Apollo Investment Corp. in a report on Friday, April 28th. National Securities reaffirmed a “neutral” rating and issued a $6.00 target price on shares of Apollo Investment Corp. in a report on Thursday. Jefferies Group LLC reissued a “buy” rating and issued a $7.00 price target on shares of Apollo Investment Corp. in a research note on Friday, April 7th. Finally, BMO Capital Markets reissued a “hold” rating and issued a $6.00 price target on shares of Apollo Investment Corp. in a research note on Thursday. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $6.30.
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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