Apollo Investment Corp. Short Interest Up 23.6% in May (AINV)
Apollo Investment Corp. (NASDAQ:AINV) was the recipient of a significant increase in short interest in 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, Stock Ratings News reports. Based on an average trading volume of 2,073,477 shares, the short-interest ratio is currently 4.9 days. Currently, 4.3% of the company’s shares are short sold.
In other Apollo Investment Corp. news, Director Frank C. Puleo bought 3,087 shares of the company’s stock in a transaction dated Tuesday, May 27th. The shares were purchased at an average price of $8.38 per share, for a total transaction of $25,869.06. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
AINV has been the subject of a number of recent research reports. 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 research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $8.87.
Apollo Investment Corp. (NASDAQ:AINV) opened at 8.38 on Monday. Apollo Investment Corp. has a 52-week low of $7.28 and a 52-week high of $9.21. The stock’s 50-day moving average is $8.0 and its 200-day moving average is $8.47.
Apollo Investment Corp. (NASDAQ:AINV) last posted its quarterly earnings results on Tuesday, May 20th. The company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.01. During the same quarter in the previous 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 9.55%. The ex-dividend date of this dividend 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 (BDC).
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