Insider Buying: Apollo Investment Corp. CFO Purchases 10,000 Shares of Stock (AINV)
Apollo Investment Corp. (NASDAQ:AINV) CFO Gregory W. Hunt acquired 10,000 shares of the company’s stock on the open market in a transaction that occurred on Monday, February 10th. The shares were purchased at an average price of $8.36 per share, for a total transaction of $83,600.00. Following the completion of the purchase, the chief financial officer now directly owns 15,930 shares of the company’s stock, valued at approximately $133,175. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of Apollo Investment Corp. (NASDAQ:AINV) traded up 3.21% during mid-day trading on Tuesday, hitting $8.67. 1,964,568 shares of the company’s stock traded hands. Apollo Investment Corp. has a 1-year low of $7.28 and a 1-year high of $9.09. The stock’s 50-day moving average is $8.59 and its 200-day moving average is $8.41. The company has a market cap of $1.759 billion and a P/E ratio of 16.47.
Apollo Investment Corp. (NASDAQ:AINV) last released its earnings data on Thursday, February 6th. The company reported $0.22 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.21 by $0.01. The company had revenue of $94.60 million for the quarter, compared to the consensus estimate of $91.90 million. During the same quarter in the prior year, the company posted $0.21 earnings per share. The company’s quarterly revenue was up 13.7% on a year-over-year basis. Analysts expect that Apollo Investment Corp. will post $0.90 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, April 7th. Shareholders of record on Friday, March 21st will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 9.52%. The ex-dividend date of this dividend is Wednesday, March 19th.
Apollo Investment Corporation (NASDAQ:AINV) is a closed-end, non-diversified management investment company that has elected to be treated as a business development company.
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