Share on StockTwits

Apollo Investment Corp. (NASDAQ:AINV) Director Frank C. Puleo bought 3,087 shares of the stock on the open market in a transaction dated Tuesday, May 27th. The stock was purchased at an average price of $8.38 per share, for a total transaction of $25,869.06. Following the transaction, the director now directly owns 13,555 shares of the company’s stock, valued at approximately $113,591. The acquisition was disclosed in a document filed with the SEC, which is available at this link.

Shares of Apollo Investment Corp. (NASDAQ:AINV) traded up 0.84% during mid-day trading on Wednesday, hitting $8.38. The stock had a trading volume of 1,833,536 shares. 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 $8.05 and a 200-day moving average of $8.48. Apollo Investment Corp. also was the target of a large increase in short interest in the month of May. As of May 15th, there was short interest totalling 10,184,641 shares, an increase of 23.6% from the April 30th total of 8,237,335 shares. Based on an average trading volume of 2,073,477 shares, the short-interest ratio is presently 4.9 days. Approximately 4.3% of the shares of the stock are short sold.

Apollo Investment Corp. (NASDAQ:AINV) last posted its quarterly earnings results 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 declared a quarterly dividend, which is scheduled for Monday, July 7th. Investors of record on Friday, June 20th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 9.63%. The ex-dividend date of this dividend is Wednesday, June 18th.

A number of analysts have recently weighed in on AINV shares. Analysts at Keefe, Bruyette & Woods raised their price target on shares of Apollo Investment Corp. from $8.50 to $9.00 in a research note on Thursday, May 22nd. Separately, analysts at SunTrust reiterated a “neutral” rating on shares of Apollo Investment Corp. in a research note on Wednesday, May 21st. They now have a $8.50 price target on the stock. Finally, 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, May 21st. They now have a $9.00 price target on the stock, up previously from $8.06. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Apollo Investment Corp. has an average rating of “Hold” and an average target price of $8.87.

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 (BDC).

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.