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Apollo Investment Corp. (NASDAQ:AINV) was downgraded by analysts at TheStreet from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday, Analyst Ratings reports.

The analysts wrote, “Apollo Investment (AINV) has been downgraded by TheStreet Ratings from buy to hold. The company’s strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we find that we feel that the company’s cash flow from its operations has been weak overall.”

In other Apollo Investment Corp. news, CFO Gregory Hunt purchased 10,000 shares of the company’s stock in a transaction dated Monday, February 10th. The shares were purchased at an average cost of $8.36 per share, with a total value of $83,600.00. Following the completion of the purchase, the chief financial officer now directly owns 15,930 shares in the company, valued at approximately $133,175. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Apollo Investment Corp. (NASDAQ:AINV) traded up 1.69% during mid-day trading on Wednesday, hitting $8.7864. The stock had a trading volume of 650,723 shares. Apollo Investment Corp. has a 52 week low of $7.28 and a 52 week high of $9.09. The stock has a 50-day moving average of $8.59 and a 200-day moving average of $8.42. The company has a market cap of $1.783 billion and a price-to-earnings ratio of 16.94.

Apollo Investment Corp. (NASDAQ:AINV) last announced its earnings results on Thursday, February 6th. The company reported $0.22 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.21 earnings per share. Apollo Investment Corp.’s revenue was up 13.7% compared to the same quarter last year. On average, analysts predict that Apollo Investment Corp. will post $0.90 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Monday, April 7th. Shareholders of record on Friday, March 21st will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 9.26%. The ex-dividend date 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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