Apollo Investment Corporation (AINV) to Release Earnings on Friday
Apollo Investment Corporation (NASDAQ:AINV) will be posting its quarterly earnings results before the market opens on Friday, November 3rd. Analysts expect Apollo Investment Corporation to post earnings of $0.16 per share for the quarter.
Apollo Investment Corporation (NASDAQ:AINV) last announced its earnings results on Friday, August 4th. The asset manager reported $0.15 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.15. The firm had revenue of $66.70 million for the quarter, compared to analysts’ expectations of $65.19 million. Apollo Investment Corporation had a net margin of 33.04% and a return on equity of 9.75%. The business’s revenue was down 12.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.17 EPS. On average, analysts expect Apollo Investment Corporation to post $0.63 EPS for the current fiscal year and $0.66 EPS for the next fiscal year.
Shares of Apollo Investment Corporation (AINV) opened at 5.93 on Friday. The stock’s 50 day moving average is $6.02 and its 200 day moving average is $6.30. Apollo Investment Corporation has a 12 month low of $5.65 and a 12 month high of $6.82.
The firm also recently declared a quarterly dividend, which was paid on Thursday, October 5th. Investors of record on Thursday, September 21st were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Wednesday, September 20th. This represents a $0.60 dividend on an annualized basis and a yield of 10.12%. Apollo Investment Corporation’s payout ratio is presently 150.00%.
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A number of equities analysts recently weighed in on the stock. National Securities restated a “neutral” rating and set a $6.00 price target on shares of Apollo Investment Corporation in a research report on Wednesday, August 9th. BidaskClub lowered shares of Apollo Investment Corporation from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 19th. Bank of America Corporation restated an “underperform” rating and set a $6.00 price target (up from $5.50) on shares of Apollo Investment Corporation in a research report on Wednesday, August 9th. Zacks Investment Research upgraded shares of Apollo Investment Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, August 8th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $6.50 price target on shares of Apollo Investment Corporation in a research report on Thursday, August 31st. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $6.33.
An institutional investor recently raised its position in Apollo Investment Corporation stock. The Manufacturers Life Insurance Company boosted its position in shares of Apollo Investment Corporation (NASDAQ:AINV) by 0.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,016 shares of the asset manager’s stock after purchasing an additional 168 shares during the period. The Manufacturers Life Insurance Company ‘s holdings in Apollo Investment Corporation were worth $115,000 at the end of the most recent quarter. 45.71% of the stock is currently owned by institutional investors.
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.
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