AR Asset Management Inc. Maintains Stake in Apollo Investment Corp. (AINV)

AR Asset Management Inc. held its position in shares of Apollo Investment Corp. (NASDAQ:AINV) during the first quarter, according to its most recent disclosure with the SEC. The firm owned 50,000 shares of the asset manager’s stock at the end of the first quarter. AR Asset Management Inc.’s holdings in Apollo Investment Corp. were worth $328,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Karp Capital Management Corp acquired a new position in shares of Apollo Investment Corp. during the first quarter worth $101,000. Schafer Cullen Capital Management Inc. acquired a new position in shares of Apollo Investment Corp. during the third quarter worth $102,000. Daiwa Securities Group Inc. acquired a new position in shares of Apollo Investment Corp. during the first quarter worth $115,000. Founders Financial Securities LLC acquired a new position in shares of Apollo Investment Corp. during the first quarter worth $134,000. Finally, TCI Wealth Advisors Inc. boosted its position in shares of Apollo Investment Corp. by 3.6% in the third quarter. TCI Wealth Advisors Inc. now owns 23,305 shares of the asset manager’s stock worth $135,000 after buying an additional 809 shares during the period. 45.20% of the stock is owned by institutional investors and hedge funds.

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

Shares of Apollo Investment Corp. (NASDAQ:AINV) traded down 0.63% during mid-day trading on Friday, reaching $6.26. 2,026,263 shares of the company were exchanged. The firm’s market capitalization is $1.38 billion. The company’s 50 day moving average price is $6.58 and its 200 day moving average price is $6.22. Apollo Investment Corp. has a 12 month low of $5.03 and a 12 month high of $6.82.

Apollo Investment Corp. (NASDAQ:AINV) last posted its earnings results on Thursday, May 18th. The asset manager reported $0.17 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.01. The company had revenue of $66.30 million during the quarter, compared to the consensus estimate of $68.89 million. Apollo Investment Corp. had a negative net margin of 4.38% and a positive return on equity of 10.03%. The company’s revenue for the quarter was down 22.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.20 earnings per share. Equities analysts anticipate that Apollo Investment Corp. will post $0.65 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 6th. Shareholders of record on Wednesday, June 21st will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 9.58%. The ex-dividend date of this dividend is Monday, June 19th. Apollo Investment Corp.’s dividend payout ratio is -1,000.00%.

WARNING: “AR Asset Management Inc. Maintains Stake in Apollo Investment Corp. (AINV)” was reported by Mideast Time and is the sole property of of Mideast Time. If you are reading this article on another publication, it was illegally stolen and republished in violation of US & international trademark and copyright law. The correct version of this article can be viewed at https://www.mideasttime.com/ar-asset-management-inc-maintains-stake-in-apollo-investment-corp-ainv/1709000.html.

A number of analysts recently issued reports on the stock. Jefferies Group LLC restated a “buy” rating and set a $7.00 target price on shares of Apollo Investment Corp. in a research report on Friday, April 7th. Keefe, Bruyette & Woods restated a “hold” rating and set a $6.50 target price on shares of Apollo Investment Corp. in a research report on Friday, April 28th. BMO Capital Markets restated a “hold” rating and set a $6.00 target price on shares of Apollo Investment Corp. in a research report on Tuesday, April 11th. Zacks Investment Research upgraded shares of Apollo Investment Corp. from a “sell” rating to a “hold” rating in a research report on Monday, January 23rd. Finally, National Securities restated a “neutral” rating and set a $6.00 target price on shares of Apollo Investment Corp. in a research report on Monday, February 6th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price 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.

12 Month Chart for NASDAQ:AINV

Want to see what other hedge funds are holding AINV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apollo Investment Corp. (NASDAQ:AINV).

Receive News & Ratings for Apollo Investment Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apollo Investment Corp. and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply

 
© 2006-2017 Mideast Time.