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Apollo Investment Corp. (NASDAQ:AINV) has been given a consensus recommendation of “Buy” by the eight analysts that are covering the stock, Analyst Ratings News reports. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $8.92.

Several analysts have recently commented on the stock. Analysts at Bank of America upgraded shares of Apollo Investment Corp. to a “neutral” rating in a research note on Tuesday, June 17th. They now have a $8.75 price target on the stock, down previously from $9.00. Separately, analysts at Keefe, Bruyette & Woods upgraded shares of Apollo Investment Corp. from a “market perform” rating to an “outperform” rating in a research note on Tuesday, June 17th. They now have a $9.50 price target on the stock, up previously from $9.00. Finally, 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.

Shares of Apollo Investment Corp. (NASDAQ:AINV) traded down 1.11% on Monday, hitting $8.465. 608,902 shares of the company’s stock traded hands. Apollo Investment Corp. has a 52 week low of $7.70 and a 52 week high of $9.21. The stock has a 50-day moving average of $8.2 and a 200-day moving average of $8.42.

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. 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. 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 9.35%. 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 (BDC).

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