Apollo Investment Corporation (NASDAQ:AINV) has been assigned a $7.00 price objective by stock analysts at Keefe, Bruyette & Woods in a research note issued on Thursday. The brokerage presently has a “hold” rating on the asset manager’s stock. Keefe, Bruyette & Woods’ price objective suggests a potential upside of 13.27% from the stock’s current price.

A number of other analysts have also recently weighed in on the company. Jefferies Group LLC reaffirmed a “buy” rating and set a $7.00 price objective on shares of Apollo Investment Corporation in a research report on Friday, September 22nd. BidaskClub cut Apollo Investment Corporation from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 19th. Bank of America Corporation reaffirmed an “underperform” rating and set a $6.00 price objective (up from $5.50) on shares of Apollo Investment Corporation in a research report on Wednesday, August 9th. National Securities reaffirmed a “neutral” rating and set a $6.00 price objective on shares of Apollo Investment Corporation in a research report on Wednesday, August 9th. Finally, Zacks Investment Research raised Apollo Investment Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, August 8th. Two analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $6.33.

Shares of Apollo Investment Corporation (NASDAQ AINV) traded down 2.10% on Thursday, reaching $6.05. The company’s stock had a trading volume of 388,508 shares. Apollo Investment Corporation has a 1-year low of $5.65 and a 1-year high of $6.82. The stock has a 50-day moving average price of $6.04 and a 200-day moving average price of $6.33.

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

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Several institutional investors and hedge funds have recently bought and sold shares of AINV. Karp Capital Management Corp acquired a new stake in shares of Apollo Investment Corporation in the 1st quarter valued at approximately $101,000. Schafer Cullen Capital Management Inc. acquired a new stake in shares of Apollo Investment Corporation in the 3rd quarter valued at approximately $102,000. Atria Investments LLC acquired a new stake in shares of Apollo Investment Corporation in the 2nd quarter valued at approximately $103,000. GAM Holding AG lifted its holdings in shares of Apollo Investment Corporation by 2.7% in the 2nd quarter. GAM Holding AG now owns 16,652 shares of the asset manager’s stock valued at $106,000 after buying an additional 441 shares during the period. Finally, Rhumbline Advisers lifted its holdings in shares of Apollo Investment Corporation by 0.3% in the 2nd quarter. Rhumbline Advisers now owns 16,708 shares of the asset manager’s stock valued at $107,000 after buying an additional 58 shares during the period. 45.84% of the stock is owned by institutional investors and hedge funds.

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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