Shares of Apollo Investment Corp. (NASDAQ:AINV) have been assigned a consensus rating of “Hold” from the nine research firms that are currently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $5.90.
Several analysts have recently weighed in on AINV shares. BidaskClub upgraded shares of Apollo Investment from a “hold” rating to a “buy” rating in a research report on Wednesday, August 1st. TheStreet downgraded shares of Apollo Investment from a “b-” rating to a “c” rating in a research report on Monday, August 13th. ValuEngine upgraded shares of Apollo Investment from a “sell” rating to a “hold” rating in a research report on Thursday, July 19th. National Securities restated a “neutral” rating and set a $6.00 price objective on shares of Apollo Investment in a research report on Wednesday, August 15th. Finally, Wells Fargo & Co reduced their price objective on shares of Apollo Investment from $7.00 to $6.00 and set an “outperform” rating for the company in a research report on Thursday, October 4th.
NASDAQ AINV traded up $0.01 on Thursday, hitting $5.39. 24,717 shares of the stock were exchanged, compared to its average volume of 942,443. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.69. Apollo Investment has a fifty-two week low of $4.95 and a fifty-two week high of $6.18. The stock has a market capitalization of $1.16 billion, a PE ratio of 8.85, a price-to-earnings-growth ratio of 1.79 and a beta of 0.84.
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 4th. Investors of record on Thursday, December 20th will be given a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, December 19th. This represents a $0.60 annualized dividend and a yield of 11.13%. Apollo Investment’s dividend payout ratio (DPR) is 98.36%.
A number of hedge funds have recently added to or reduced their stakes in AINV. Verition Fund Management LLC purchased a new position in Apollo Investment during the 2nd quarter worth $106,000. Hudson Valley Investment Advisors Inc. ADV purchased a new position in Apollo Investment during the 2nd quarter worth $111,000. Russell Investments Group Ltd. purchased a new position in Apollo Investment during the 3rd quarter worth $116,000. Ramsey Quantitative Systems raised its position in Apollo Investment by 94.0% during the 3rd quarter. Ramsey Quantitative Systems now owns 25,463 shares of the asset manager’s stock worth $139,000 after buying an additional 12,339 shares during the last quarter. Finally, TCI Wealth Advisors Inc. raised its position in Apollo Investment by 313.5% during the 3rd quarter. TCI Wealth Advisors Inc. now owns 27,091 shares of the asset manager’s stock worth $147,000 after buying an additional 20,540 shares during the last quarter. Hedge funds and other institutional investors own 46.57% of the company’s stock.
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.
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