Apollo Investment Corp. (AINV) Releases Quarterly Earnings Results
Apollo Investment Corp. (NASDAQ:AINV) issued its quarterly earnings data on Tuesday. The company reported $0.22 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.21 by $0.01, StockRatingsNetwork reports.
Shares of Apollo Investment Corp. (NASDAQ:AINV) opened at 8.055 on Tuesday. Apollo Investment Corp. has a one year low of $7.28 and a one year high of $9.21. The stock’s 50-day moving average is $8.08 and its 200-day moving average is $8.49.
Several analysts have recently commented on the stock. Analysts at Barclays upgraded shares of Apollo Investment Corp. from an “equal weight” rating to an “overweight” rating in a research note on Monday, May 5th. They now have a $9.00 price target on the stock. They noted that the move was a valuation call. Analysts at JPMorgan Chase & Co. upgraded shares of Apollo Investment Corp. from a “neutral” rating to an “overweight” rating in a research note on Wednesday, April 16th. They now have a $8.50 price target on the stock. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Apollo Investment Corp. currently has a consensus rating of “Hold” and a consensus target price of $8.90.
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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