Apollo Investment (NASDAQ:AINV) was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating in a report released on Friday.

A number of other equities analysts also recently commented on AINV. National Securities reaffirmed a “neutral” rating and set a $6.00 target price on shares of Apollo Investment in a research note on Wednesday, August 9th. BidaskClub downgraded shares of Apollo Investment from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 19th. Bank of America reaffirmed an “underperform” rating and set a $6.00 target price (up from $5.50) on shares of Apollo Investment in a research note on Wednesday, August 9th. Zacks Investment Research raised shares of Apollo Investment from a “sell” rating to a “hold” rating in a research note on Tuesday, August 8th. Finally, BMO Capital Markets reissued a “hold” rating and issued a $6.00 price target on shares of Apollo Investment in a research note on Wednesday, November 15th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company. Apollo Investment has a consensus rating of “Hold” and a consensus price target of $6.41.

Shares of Apollo Investment (NASDAQ AINV) traded down $0.10 during mid-day trading on Friday, reaching $5.91. 1,251,159 shares of the company’s stock were exchanged, compared to its average volume of 722,576. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.59. Apollo Investment has a one year low of $5.69 and a one year high of $6.82. The stock has a market capitalization of $1,291.00, a P/E ratio of 9.09, a PEG ratio of 1.89 and a beta of 0.93.

Apollo Investment (NASDAQ:AINV) last issued its earnings results on Friday, November 3rd. The asset manager reported $0.16 EPS for the quarter, hitting analysts’ consensus estimates of $0.16. Apollo Investment had a net margin of 29.87% and a return on equity of 9.51%. The company had revenue of $66.46 million for the quarter, compared to the consensus estimate of $67.75 million. During the same period in the previous year, the firm earned $0.18 earnings per share. Apollo Investment’s quarterly revenue was down 3.7% compared to the same quarter last year. analysts anticipate that Apollo Investment will post 0.63 earnings per share for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the company. GAM Holding AG raised its stake in shares of Apollo Investment 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 acquiring an additional 441 shares during the period. Rhumbline Advisers raised its stake in shares of Apollo Investment 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 acquiring an additional 58 shares during the period. Essex Financial Services Inc. purchased a new stake in Apollo Investment during the 2nd quarter worth approximately $112,000. Cubist Systematic Strategies LLC purchased a new stake in Apollo Investment during the 3rd quarter worth approximately $108,000. Finally, HighTower Advisors LLC increased its stake in Apollo Investment by 8.8% during the 2nd quarter. HighTower Advisors LLC now owns 17,884 shares of the asset manager’s stock worth $115,000 after buying an additional 1,451 shares during the period. 46.62% of the stock is currently owned by institutional investors and hedge funds.

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Apollo Investment 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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Analyst Recommendations for Apollo Investment (NASDAQ:AINV)

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