Apollo Investment Corp. (NASDAQ:AINV) has been given an average recommendation of “Hold” by the thirteen ratings firms that are covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $6.43.

Several research firms have commented on AINV. BidaskClub upgraded shares of Apollo Investment from a “strong sell” rating to a “sell” rating in a research note on Thursday, December 21st. SunTrust Banks reiterated a “buy” rating on shares of Apollo Investment in a research note on Friday, November 3rd. ValuEngine upgraded shares of Apollo Investment from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Jefferies Group reiterated a “buy” rating and issued a $7.00 price objective on shares of Apollo Investment in a research note on Friday, September 22nd. Finally, Raymond James Financial upgraded shares of Apollo Investment from a “market perform” rating to an “outperform” rating and set a $7.00 price objective for the company in a research note on Tuesday, November 7th.

Shares of Apollo Investment (NASDAQ:AINV) traded up $0.10 during midday trading on Friday, reaching $5.77. 833,500 shares of the company traded hands, compared to its average volume of 1,044,625. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.61 and a current ratio of 0.61. The company has a market cap of $1,260.00, a PE ratio of 16.03, a price-to-earnings-growth ratio of 1.84 and a beta of 0.94. Apollo Investment has a twelve month low of $5.60 and a twelve month high of $6.82.

Apollo Investment (NASDAQ:AINV) last posted its quarterly earnings data on Friday, November 3rd. The asset manager reported $0.16 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.16. The firm had revenue of $66.46 million during the quarter, compared to analyst estimates of $67.75 million. Apollo Investment had a net margin of 29.87% and a return on equity of 9.51%. The company’s revenue for the quarter was down 3.7% on a year-over-year basis. During the same quarter last year, the business posted $0.18 EPS. equities analysts predict that Apollo Investment will post 0.63 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, January 5th. Stockholders of record on Thursday, December 21st were paid a dividend of $0.15 per share. The ex-dividend date was Wednesday, December 20th. This represents a $0.60 annualized dividend and a dividend yield of 10.40%. Apollo Investment’s payout ratio is currently 166.67%.

Several hedge funds have recently modified their holdings of AINV. Rhumbline Advisers boosted its holdings in Apollo Investment by 0.3% in the 2nd quarter. Rhumbline Advisers now owns 16,708 shares of the asset manager’s stock worth $107,000 after buying an additional 58 shares during the period. Cubist Systematic Strategies LLC bought a new position in Apollo Investment in the 3rd quarter worth approximately $108,000. HighTower Advisors LLC boosted its holdings in Apollo Investment by 8.8% in 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. The Manufacturers Life Insurance Company boosted its holdings in Apollo Investment by 0.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 18,016 shares of the asset manager’s stock worth $115,000 after buying an additional 168 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in Apollo Investment by 16.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 24,632 shares of the asset manager’s stock worth $158,000 after buying an additional 3,500 shares during the period. Institutional investors own 46.42% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Apollo Investment Corp. (AINV) Receives Consensus Rating of “Hold” from Analysts” was first reported by American Banking News and is the sole property of of American Banking News. If you are reading this article on another site, it was illegally copied and reposted in violation of U.S. and international copyright and trademark legislation. The correct version of this article can be viewed at https://www.americanbankingnews.com/2018/01/12/apollo-investment-corp-ainv-receives-consensus-rating-of-hold-from-analysts.html.

About Apollo Investment

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 (NASDAQ:AINV)

Receive News & Ratings for Apollo Investment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apollo Investment and related companies with MarketBeat.com's FREE daily email newsletter.