Apollo Investment Corp. (AINV) Holdings Reduced by Diligent Investors LLC

Diligent Investors LLC lessened its stake in shares of Apollo Investment Corp. (NASDAQ:AINV) by 66.7% in the 4th quarter, HoldingsChannel reports. The fund owned 17,564 shares of the asset manager’s stock after selling 35,136 shares during the period. Diligent Investors LLC’s holdings in Apollo Investment were worth $218,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of AINV. Philadelphia Financial Management of San Francisco LLC acquired a new stake in Apollo Investment during the 3rd quarter worth $9,591,000. Levin Capital Strategies L.P. increased its holdings in shares of Apollo Investment by 145.2% in the 3rd quarter. Levin Capital Strategies L.P. now owns 731,148 shares of the asset manager’s stock worth $3,977,000 after acquiring an additional 432,985 shares during the period. GSA Capital Partners LLP acquired a new position in shares of Apollo Investment in the third quarter worth about $1,631,000. Allianz Asset Management GmbH lifted its position in shares of Apollo Investment by 19.4% in the third quarter. Allianz Asset Management GmbH now owns 1,445,292 shares of the asset manager’s stock worth $7,862,000 after purchasing an additional 234,696 shares in the last quarter. Finally, Wells Fargo & Company MN raised its position in shares of Apollo Investment by 4.4% in the third quarter. Wells Fargo & Company MN now owns 4,481,748 shares of the asset manager’s stock valued at $24,380,000 after purchasing an additional 190,301 shares during the period.

AINV stock opened at $14.53 on Friday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.76 and a current ratio of 0.76. Apollo Investment Corp. has a 52-week low of $12.05 and a 52-week high of $18.00. The stock has a market cap of $1.04 billion, a PE ratio of 7.91, a PEG ratio of 1.60 and a beta of 1.01.

Apollo Investment (NASDAQ:AINV) last posted its earnings results on Tuesday, October 30th. The asset manager reported $0.45 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.45. Apollo Investment had a net margin of 26.47% and a return on equity of 9.22%. The business had revenue of $66.03 million for the quarter, compared to analyst estimates of $67.04 million. Sell-side analysts forecast that Apollo Investment Corp. will post 1.81 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, January 4th. Stockholders of record on Thursday, December 20th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 4.13%. The ex-dividend date of this dividend was Wednesday, December 19th. Apollo Investment’s payout ratio is currently 98.36%.

AINV has been the subject of a number of recent research reports. BidaskClub raised Apollo Investment from a “sell” rating to a “hold” rating in a research report on Thursday, January 10th. ValuEngine lowered Apollo Investment from a “hold” rating to a “sell” rating in a research note on Wednesday, December 5th. National Securities reaffirmed a “neutral” rating and set a $18.00 price target on shares of Apollo Investment in a research report on Thursday, November 1st. Barclays set a $16.00 price target on Apollo Investment and gave the stock a “hold” rating in a research note on Friday, December 14th. Finally, Zacks Investment Research lowered Apollo Investment from a “hold” rating to a “sell” rating in a research report on Tuesday, October 9th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $17.93.

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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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Institutional Ownership by Quarter for Apollo Investment (NASDAQ:AINV)

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