Apollo Investment Corporation (NASDAQ:AINV)‘s stock had its “buy” rating restated by equities researchers at SunTrust Banks, Inc. in a note issued to investors on Friday.

A number of other research analysts have also commented on AINV. J P Morgan Chase & Co lowered their price target on Apollo Investment Corporation from $6.50 to $6.00 and set a “neutral” rating on the stock in a report on Wednesday. Compass Point raised Apollo Investment Corporation from a “neutral” rating to a “buy” rating in a report on Friday. National Securities reaffirmed a “neutral” rating and set a $6.00 target price on shares of Apollo Investment Corporation in a research note on Wednesday, August 9th. BidaskClub cut Apollo Investment Corporation from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 19th. Finally, Bank of America Corporation reaffirmed an “underperform” rating and set a $6.00 target price (up previously from $5.50) on shares of Apollo Investment Corporation in a research note on Wednesday, August 9th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. Apollo Investment Corporation presently has an average rating of “Hold” and an average target price of $6.28.

Apollo Investment Corporation (NASDAQ AINV) opened at $6.09 on Friday. The firm has a market cap of $1.29 billion, a P/E ratio of 8.76, a price-to-earnings-growth ratio of 1.86 and a beta of 0.93. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.62.

Apollo Investment Corporation (NASDAQ:AINV) last issued its quarterly earnings results on Friday, November 3rd. The asset manager reported $0.16 EPS for the quarter, meeting analysts’ consensus estimates of $0.16. The company had revenue of $66.46 million for the quarter, compared to analyst estimates of $67.75 million. Apollo Investment Corporation had a return on equity of 9.75% and a net margin of 33.04%. The company’s quarterly revenue was down 3.7% compared to the same quarter last year. During the same period last year, the company earned $0.18 earnings per share. research analysts anticipate that Apollo Investment Corporation will post 0.63 EPS for the current fiscal year.

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Large investors have recently added to or reduced their stakes in the stock. Karp Capital Management Corp acquired a new position in shares of Apollo Investment Corporation in the 1st quarter valued at $101,000. Atria Investments LLC acquired a new position in shares of Apollo Investment Corporation in the 2nd quarter valued at $103,000. GAM Holding AG boosted its position 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 purchasing an additional 441 shares during the period. Rhumbline Advisers boosted its position 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 purchasing an additional 58 shares during the period. Finally, Essex Financial Services Inc. acquired a new position in shares of Apollo Investment Corporation in the 2nd quarter valued at $112,000. Institutional investors and hedge funds own 45.73% of the company’s stock.

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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