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Shares of Apollo Investment Corp. (NASDAQ:AINV) have earned an average rating of “Buy” from the eight ratings firms that are presently covering the stock, American Banking News reports. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $9.04.

A number of analysts have recently weighed in on AINV shares. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Apollo Investment Corp. in a research note on Friday. They now have a $8.50 price target on the stock, up previously from $8.00. Separately, analysts at SunTrust upgraded shares of Apollo Investment Corp. from a “neutral” rating to a “buy” rating in a research note on Wednesday, July 9th. They now have a $10.00 price target on the stock, up previously from $8.56. Finally, 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.

Apollo Investment Corp. (NASDAQ:AINV) traded up 0.16% on Tuesday, hitting $8.6435. The stock had a trading volume of 131,271 shares. Apollo Investment Corp. has a 52 week low of $7.73 and a 52 week high of $9.21. The stock’s 50-day moving average is $8.61 and its 200-day moving average is $8.42. Apollo Investment Corp. also saw a large drop in short interest in July. As of July 31st, there was short interest totalling 1,319,072 shares, a drop of 28.9% from the July 15th total of 1,856,173 shares. Approximately 0.6% of the company’s stock are short sold. Based on an average trading volume of 1,595,338 shares, the days-to-cover ratio is currently 0.8 days.

Apollo Investment Corp. (NASDAQ:AINV) last announced its earnings results on Thursday, August 7th. The company reported $0.22 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.22. The company had revenue of $102.58 million for the quarter, compared to the consensus estimate of $101.72 million. During the same quarter in the previous year, the company posted $0.25 earnings per share. The company’s revenue for the quarter was up 6.1% on a year-over-year basis. On average, analysts predict that Apollo Investment Corp. will post $0.90 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Monday, October 6th. Stockholders of record on Friday, September 19th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 9.27%. The ex-dividend date is Wednesday, September 17th.

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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