Apollo Investment Corp. (NASDAQ:AINV) declared a quarterly dividend on Tuesday, November 5th, RTT News reports. Stockholders of record on Friday, December 20th will be paid a dividend of 0.45 per share by the asset manager on Monday, January 6th. This represents a $1.80 annualized dividend and a dividend yield of 11.29%.
Shares of AINV stock traded down $0.02 on Tuesday, hitting $15.94. The stock had a trading volume of 366,635 shares, compared to its average volume of 335,037. Apollo Investment has a twelve month low of $12.05 and a twelve month high of $17.00. The firm has a market cap of $1.08 billion, a P/E ratio of 8.81, a PEG ratio of 8.75 and a beta of 1.09. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.05. The company has a fifty day moving average price of $15.97 and a two-hundred day moving average price of $16.04.
Apollo Investment (NASDAQ:AINV) last announced its quarterly earnings results on Tuesday, August 6th. The asset manager reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.04. Apollo Investment had a net margin of 31.99% and a return on equity of 9.88%. The company had revenue of $66.52 million during the quarter, compared to analyst estimates of $65.60 million. During the same quarter in the previous year, the business earned $0.45 EPS. On average, analysts expect that Apollo Investment will post 1.82 earnings per share for the current year.
Several equities analysts have recently issued reports on AINV shares. Zacks Investment Research lowered shares of Apollo Investment from a “hold” rating to a “sell” rating in a report on Thursday, October 31st. ValuEngine raised shares of Apollo Investment from a “sell” rating to a “hold” rating in a research report on Monday. BidaskClub raised shares of Apollo Investment from a “sell” rating to a “hold” rating in a research report on Saturday, October 19th. Compass Point cut shares of Apollo Investment from a “buy” rating to a “neutral” rating and set a $17.00 price objective on the stock. in a research report on Monday, September 16th. Finally, Wells Fargo & Co cut shares of Apollo Investment from an “outperform” rating to a “market perform” rating and set a $17.00 price objective on the stock. in a research report on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $17.14.
Apollo Investment Company Profile
Apollo Investment Corporation is business development company specializing in middle market companies. It provides direct equity capital, mezzanine and senior secured loans, unsecured debt, and subordinated debt and loans. It also seeks to invest in PIPES transactions. The fund may also invest in securities of public companies that are thinly traded and may acquire investments in the secondary market and structured products.
See Also: Exchange-Traded Funds (ETFs)
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.