Apollo Investment Corp. (AINV) Expected to Earn Q2 2019 Earnings of $0.16 Per Share

Apollo Investment Corp. (NASDAQ:AINV) – Analysts at SunTrust Banks increased their Q2 2019 EPS estimates for shares of Apollo Investment in a research report issued on Thursday. SunTrust Banks analyst D. Mewhirter now forecasts that the asset manager will post earnings per share of $0.16 for the quarter, up from their previous forecast of $0.15. SunTrust Banks has a “Buy” rating and a $6.50 price target on the stock. SunTrust Banks also issued estimates for Apollo Investment’s Q3 2019 earnings at $0.16 EPS.

Apollo Investment (NASDAQ:AINV) last posted its quarterly earnings data on Wednesday, February 7th. The asset manager reported $0.16 EPS for the quarter, meeting analysts’ consensus estimates of $0.16. The business had revenue of $64.75 million for the quarter, compared to analyst estimates of $65.94 million. Apollo Investment had a return on equity of 9.45% and a net margin of 28.18%. The business’s revenue for the quarter was down 4.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.17 earnings per share.

A number of other analysts have also commented on the company. ValuEngine raised Apollo Investment from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Raymond James Financial raised Apollo Investment from a “market perform” rating to an “outperform” rating and set a $7.00 price objective on the stock in a research note on Tuesday, November 7th. TheStreet raised Apollo Investment from a “c” rating to a “b-” rating in a research note on Thursday, November 16th. BidaskClub raised Apollo Investment from a “strong sell” rating to a “sell” rating in a research note on Thursday, December 21st. Finally, National Securities reissued a “neutral” rating and issued a $6.00 price target on shares of Apollo Investment in a research note on Tuesday, November 7th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $6.38.

Apollo Investment (AINV) traded down $0.18 on Friday, hitting $5.30. The company had a trading volume of 2,174,038 shares, compared to its average volume of 1,009,414. The company has a current ratio of 0.43, a quick ratio of 0.61 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $1,160.00, a price-to-earnings ratio of 15.59, a P/E/G ratio of 1.73 and a beta of 0.88. Apollo Investment has a fifty-two week low of $5.30 and a fifty-two week high of $6.82.

Large investors have recently modified their holdings of the business. Wells Fargo & Company MN lifted its stake in shares of Apollo Investment by 18.4% in the 4th quarter. Wells Fargo & Company MN now owns 3,588,626 shares of the asset manager’s stock valued at $20,312,000 after purchasing an additional 558,133 shares in the last quarter. Van ECK Associates Corp lifted its stake in shares of Apollo Investment by 1.2% in the 3rd quarter. Van ECK Associates Corp now owns 1,538,895 shares of the asset manager’s stock valued at $9,403,000 after purchasing an additional 18,131 shares in the last quarter. Telemus Capital LLC lifted its stake in shares of Apollo Investment by 20.9% in the 4th quarter. Telemus Capital LLC now owns 1,505,420 shares of the asset manager’s stock valued at $8,521,000 after purchasing an additional 259,849 shares in the last quarter. BlackRock Inc. lifted its stake in shares of Apollo Investment by 7.9% in the 4th quarter. BlackRock Inc. now owns 1,424,746 shares of the asset manager’s stock valued at $8,064,000 after purchasing an additional 104,715 shares in the last quarter. Finally, Advisory Research Inc. lifted its stake in shares of Apollo Investment by 22.3% in the 4th quarter. Advisory Research Inc. now owns 1,190,308 shares of the asset manager’s stock valued at $6,737,000 after purchasing an additional 216,760 shares in the last quarter. 46.51% of the stock is currently owned by hedge funds and other institutional investors.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 12th. Shareholders of record on Tuesday, March 27th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 11.32%. The ex-dividend date is Monday, March 26th. Apollo Investment’s payout ratio is 176.47%.

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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.

Earnings History and Estimates for Apollo Investment (NASDAQ:AINV)

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