Eagle Global Advisors LLC Reduces Position in Apollo Investment Corp. (AINV)

Eagle Global Advisors LLC reduced its stake in shares of Apollo Investment Corp. (NASDAQ:AINV) by 45.4% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 39,319 shares of the asset manager’s stock after selling 32,720 shares during the period. Eagle Global Advisors LLC’s holdings in Apollo Investment Corp. were worth $258,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. TCI Wealth Advisors Inc. boosted its position in shares of Apollo Investment Corp. by 2.4% in the first quarter. TCI Wealth Advisors Inc. now owns 24,474 shares of the asset manager’s stock valued at $161,000 after buying an additional 582 shares during the period. Honkamp Krueger Financial Services Inc. boosted its position in shares of Apollo Investment Corp. by 2.2% in the first quarter. Honkamp Krueger Financial Services Inc. now owns 34,682 shares of the asset manager’s stock valued at $228,000 after buying an additional 750 shares during the period. United Capital Financial Advisers LLC boosted its position in shares of Apollo Investment Corp. by 3.0% in the fourth quarter. United Capital Financial Advisers LLC now owns 26,448 shares of the asset manager’s stock valued at $155,000 after buying an additional 764 shares during the period. Graybill Bartz & Assoc Ltd. boosted its position in shares of Apollo Investment Corp. by 0.4% in the first quarter. Graybill Bartz & Assoc Ltd. now owns 372,693 shares of the asset manager’s stock valued at $2,445,000 after buying an additional 1,464 shares during the period. Finally, Raymond James Financial Services Advisors Inc. boosted its position in shares of Apollo Investment Corp. by 9.0% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 27,131 shares of the asset manager’s stock valued at $159,000 after buying an additional 2,231 shares during the period. Hedge funds and other institutional investors own 45.20% of the company’s stock.

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

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 2,026,263 shares. The stock’s market capitalization is $1.38 billion. The firm has a 50 day moving average of $6.59 and a 200 day moving average of $6.21. Apollo Investment Corp. has a 52 week low of $5.03 and a 52 week high of $6.82.

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

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 6th. Stockholders of record on Wednesday, June 21st will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, June 19th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 9.58%. Apollo Investment Corp.’s dividend payout ratio (DPR) is presently -1,000.00%.

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Several brokerages recently issued reports on AINV. National Securities restated a “neutral” rating and issued a $6.00 price target on shares of Apollo Investment Corp. in a research report on Thursday. BMO Capital Markets restated a “hold” rating and issued a $6.00 price target on shares of Apollo Investment Corp. in a research report on Thursday. Jefferies Group LLC restated a “buy” rating and issued a $7.00 price target on shares of Apollo Investment Corp. in a research report on Friday, April 7th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $6.50 price target on shares of Apollo Investment Corp. in a research report on Friday, April 28th. Finally, Zacks Investment Research cut Apollo Investment Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, February 7th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. Apollo Investment Corp. has a consensus rating of “Hold” and an average 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.

5 Day Chart for NASDAQ:AINV

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