Apollo Investment Corp. (NASDAQ:AINV) – Research analysts at SunTrust Banks reduced their Q1 2018 earnings per share estimates for shares of Apollo Investment Corp. in a report released on Thursday. SunTrust Banks analyst D. Mewhirter now anticipates that the asset manager will post earnings of $0.14 per share for the quarter, down from their previous forecast of $0.16. SunTrust Banks also issued estimates for Apollo Investment Corp.’s Q2 2018 earnings at $0.14 EPS, Q4 2018 earnings at $0.15 EPS, FY2018 earnings at $0.60 EPS, Q1 2019 earnings at $0.15 EPS, Q2 2019 earnings at $0.15 EPS, Q3 2019 earnings at $0.16 EPS, Q4 2019 earnings at $0.15 EPS and FY2019 earnings at $0.61 EPS.

Apollo Investment Corp. (NASDAQ:AINV) last released its quarterly earnings data on Thursday, May 18th. The asset manager reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.01. Apollo Investment Corp. had a negative net margin of 4.38% and a positive return on equity of 10.03%. The company had revenue of $66.30 million during the quarter, compared to the consensus estimate of $68.89 million. During the same quarter in the prior year, the firm posted $0.20 earnings per share. Apollo Investment Corp.’s revenue for the quarter was down 22.3% on a year-over-year basis. TRADEMARK VIOLATION NOTICE: This report was originally reported by American Banking News and is owned by of American Banking News. If you are accessing this report on another site, it was stolen and republished in violation of U.S. and international copyright and trademark legislation. The original version of this report can be accessed at https://www.americanbankingnews.com/2017/05/22/q1-2018-eps-estimates-for-apollo-investment-corp-ainv-cut-by-analyst.html.

Earnings History and Estimates for Apollo Investment Corp. (NASDAQ:AINV)

Several other equities research analysts also recently weighed in on AINV. National Securities reissued a “neutral” rating and issued a $6.00 target price on shares of Apollo Investment Corp. in a research report on Thursday. Zacks Investment Research downgraded shares of Apollo Investment Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, February 7th. BMO Capital Markets reissued a “hold” rating and issued a $6.00 target price on shares of Apollo Investment Corp. in a research report on Thursday. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $6.50 target price on shares of Apollo Investment Corp. in a research report on Friday, April 28th. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $7.00 target price on shares of Apollo Investment Corp. in a research report on Friday, April 7th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. Apollo Investment Corp. has an average rating of “Hold” and an average target price of $6.30.

Apollo Investment Corp. (NASDAQ:AINV) opened at 6.26 on Monday. The firm has a 50-day moving average of $6.58 and a 200 day moving average of $6.22. Apollo Investment Corp. has a 1-year low of $5.03 and a 1-year high of $6.82.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 6th. Stockholders of record on Wednesday, June 21st will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 9.58%. The ex-dividend date is Monday, June 19th. Apollo Investment Corp.’s dividend payout ratio (DPR) is presently -1,000.00%.

Several hedge funds and other institutional investors have recently bought and sold shares of AINV. Guggenheim Capital LLC raised its position in Apollo Investment Corp. by 16.9% in the fourth quarter. Guggenheim Capital LLC now owns 691,326 shares of the asset manager’s stock valued at $4,051,000 after buying an additional 99,852 shares during the period. Highbridge Capital Management LLC acquired a new position in Apollo Investment Corp. during the fourth quarter valued at approximately $1,436,000. Graybill Bartz & Assoc Ltd. raised its position in Apollo Investment Corp. by 0.4% in the first quarter. Graybill Bartz & Assoc Ltd. now owns 372,693 shares of the asset manager’s stock valued at $2,445,000 after buying an additional 1,464 shares during the period. Allianz Asset Management AG raised its position in Apollo Investment Corp. by 367.1% in the fourth quarter. Allianz Asset Management AG now owns 291,093 shares of the asset manager’s stock valued at $1,706,000 after buying an additional 228,774 shares during the period. Finally, Creative Planning raised its position in Apollo Investment Corp. by 8.5% in the first quarter. Creative Planning now owns 73,730 shares of the asset manager’s stock valued at $484,000 after buying an additional 5,759 shares during the period. 45.20% of the stock is owned by institutional investors and hedge funds.

About Apollo Investment Corp.

Apollo Investment Corporation is a closed-end, externally managed, non-diversified management investment company. The Company’s investment objective is to generate current income and capital appreciation. It invests primarily in various forms of debt investments, including secured and unsecured debt, loan investments and/or equity in private middle-market companies.

12 Month Chart for NASDAQ:AINV

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