Apollo Investment Corporation (NASDAQ:AINV) has received a consensus rating of “Hold” from the eight ratings firms that are covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $6.25.

Several research analysts recently commented on the company. National Securities reissued a “neutral” rating and set a $6.00 target price on shares of Apollo Investment Corporation in a research note on Wednesday, August 9th. Zacks Investment Research raised Apollo Investment Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, August 8th. BidaskClub cut Apollo Investment Corporation from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 19th. Bank of America Corporation reissued an “underperform” rating and set a $6.00 target price (up from $5.50) on shares of Apollo Investment Corporation in a research note on Wednesday, August 9th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $6.50 target price on shares of Apollo Investment Corporation in a research note on Thursday, August 31st.

Several institutional investors have recently bought and sold shares of AINV. Muzinich & Co. Inc. lifted its holdings in shares of Apollo Investment Corporation by 40.9% in the 1st quarter. Muzinich & Co. Inc. now owns 8,846,122 shares of the asset manager’s stock valued at $58,031,000 after purchasing an additional 2,569,874 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Apollo Investment Corporation in the 2nd quarter valued at about $7,552,000. UBS Group AG lifted its holdings in shares of Apollo Investment Corporation by 54.7% in the 1st quarter. UBS Group AG now owns 2,461,815 shares of the asset manager’s stock valued at $16,150,000 after purchasing an additional 870,491 shares during the last quarter. Van ECK Associates Corp lifted its holdings in shares of Apollo Investment Corporation by 28.8% in the 2nd quarter. Van ECK Associates Corp now owns 1,520,764 shares of the asset manager’s stock valued at $9,718,000 after purchasing an additional 339,843 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of Apollo Investment Corporation by 78.8% in the 2nd quarter. Goldman Sachs Group Inc. now owns 505,014 shares of the asset manager’s stock valued at $3,228,000 after purchasing an additional 222,583 shares during the last quarter. 45.84% of the stock is owned by institutional investors and hedge funds.

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Apollo Investment Corporation (NASDAQ AINV) traded down 0.67% during trading on Friday, hitting $5.94. The stock had a trading volume of 678,221 shares. Apollo Investment Corporation has a one year low of $5.65 and a one year high of $6.82. The firm has a 50 day moving average of $6.22 and a 200-day moving average of $6.38.

Apollo Investment Corporation (NASDAQ:AINV) last released its earnings results on Friday, August 4th. The asset manager reported $0.15 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.15. Apollo Investment Corporation had a return on equity of 9.75% and a net margin of 33.04%. The firm had revenue of $66.70 million during the quarter, compared to analysts’ expectations of $65.19 million. During the same period in the previous year, the firm posted $0.17 EPS. Apollo Investment Corporation’s revenue for the quarter was down 12.8% on a year-over-year basis. Analysts anticipate that Apollo Investment Corporation will post $0.63 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 5th. Stockholders of record on Thursday, September 21st will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 10.10%. The ex-dividend date is Wednesday, September 20th. Apollo Investment Corporation’s payout ratio is currently 150.00%.

Apollo Investment Corporation Company Profile

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.

Analyst Recommendations for Apollo Investment Corporation (NASDAQ:AINV)

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