Apollo Investment Corp. (NASDAQ:AINV) was the target of a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 860,301 shares, an increase of 42.4% from the February 15th total of 603,981 shares. Approximately 0.4% of the shares of the company are sold short. Based on an average daily volume of 624,471 shares, the short-interest ratio is presently 1.4 days.
Apollo Investment (NASDAQ:AINV) opened at $5.49 on Tuesday. Apollo Investment has a twelve month low of $5.24 and a twelve month high of $6.82. The firm has a market capitalization of $1,200.00, a price-to-earnings ratio of 16.15, a P/E/G ratio of 1.73 and a beta of 0.93. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.61.
Apollo Investment (NASDAQ:AINV) last announced its quarterly earnings data on Wednesday, February 7th. The asset manager reported $0.16 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.16. Apollo Investment had a return on equity of 9.45% and a net margin of 28.18%. The firm had revenue of $64.75 million for the quarter, compared to analyst estimates of $65.94 million. During the same quarter in the prior year, the company posted $0.17 earnings per share. Apollo Investment’s quarterly revenue was down 4.9% on a year-over-year basis. analysts expect that Apollo Investment will post 0.62 EPS for the current fiscal year.
A number of hedge funds have recently made changes to their positions in AINV. Cubist Systematic Strategies LLC acquired a new position in Apollo Investment during the third quarter worth $108,000. The Manufacturers Life Insurance Company grew its holdings in Apollo Investment by 0.9% during the second quarter. The Manufacturers Life Insurance Company now owns 18,016 shares of the asset manager’s stock worth $115,000 after acquiring an additional 168 shares during the period. Murphy Middleton Hinkle & Parker Inc. purchased a new stake in Apollo Investment during the fourth quarter worth $156,000. Aperio Group LLC boosted its position in Apollo Investment by 58.2% during the fourth quarter. Aperio Group LLC now owns 30,601 shares of the asset manager’s stock worth $173,000 after purchasing an additional 11,254 shares in the last quarter. Finally, Caxton Associates LP purchased a new stake in Apollo Investment during the fourth quarter worth $190,000. 48.93% of the stock is currently owned by hedge funds and other institutional investors.
A number of research analysts have recently issued reports on AINV shares. ValuEngine raised Apollo Investment from a “hold” rating to a “buy” rating in a report on Friday, December 1st. BidaskClub raised Apollo Investment from a “strong sell” rating to a “sell” rating in a report on Thursday, December 21st. TheStreet raised Apollo Investment from a “c” rating to a “b-” rating in a report on Thursday, November 16th. Wells Fargo & Co raised Apollo Investment from a “market perform” rating to an “outperform” rating and set a $6.00 target price on the stock in a report on Thursday, February 8th. Finally, BMO Capital Markets reissued a “hold” rating and issued a $6.00 target price on shares of Apollo Investment in a report on Wednesday, November 15th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Apollo Investment has a consensus rating of “Hold” and an average target price of $6.38.
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.
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.