Apollo Investment Corp. CFO Gregory W. Hunt Purchases 2,856 Shares (AINV)
Apollo Investment Corp. (NASDAQ:AINV) CFO Gregory W. Hunt acquired 2,856 shares of Apollo Investment Corp. stock on the open market in a transaction dated Thursday, June 12th. The stock was purchased at an average price of $8.48 per share, with a total value of $24,218.88. Following the transaction, the chief financial officer now directly owns 19,528 shares in the company, valued at approximately $165,597. The transaction was disclosed in a filing with the SEC, which is available at this link.
Apollo Investment Corp. (NASDAQ:AINV) opened at 8.53 on Tuesday. Apollo Investment Corp. has a one year low of $7.28 and a one year high of $9.21. The stock has a 50-day moving average of $8.17 and a 200-day moving average of $8.44.
Apollo Investment Corp. (NASDAQ:AINV) last issued its quarterly 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. On average, analysts predict that Apollo Investment Corp. will post $0.88 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, July 7th. Investors 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 9.38%. The ex-dividend date is Wednesday, June 18th.
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 $9.00 to $9.50 in a research note on Tuesday. They now have an “outperform” rating on the stock. Finally, 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. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $8.95.
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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