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Apollo Investment Corp. (NASDAQ:AINV) has earned an average rating of “Hold” from the eight analysts that are currently covering the stock, Stock Ratings Network.com reports. Five investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $8.84.

Several analysts have recently commented on the stock. Analysts at SunTrust reiterated a “neutral” rating on shares of Apollo Investment Corp. in a research note on Wednesday. They now have a $8.50 price target on the stock. Separately, analysts at JMP Securities upgraded shares of Apollo Investment Corp. from a “market perform” rating to an “outperform” rating in a research note on Wednesday. They now have a $9.00 price target on the stock, up previously from $8.06. Finally, 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.

Apollo Investment Corp. (NASDAQ:AINV) traded up 0.37% during mid-day trading on Thursday, hitting $8.20. 512,929 shares of the company’s stock traded hands. Apollo Investment Corp. has a 52 week low of $7.28 and a 52 week high of $9.21. The stock has a 50-day moving average of $8.07 and a 200-day moving average of $8.48.

Apollo Investment Corp. (NASDAQ:AINV) last released its earnings data on Tuesday, May 20th. The company reported $0.22 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.21 by $0.01. During the same quarter in the prior year, the company posted $0.21 earnings per share. Analysts expect that Apollo Investment Corp. will post $0.88 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Monday, July 7th. Stockholders of record on Friday, June 20th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 9.79%. The ex-dividend date is Wednesday, June 18th.

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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