ValuEngine Lowers Apollo Investment (NASDAQ:AINV) to Sell

Apollo Investment (NASDAQ:AINV) was downgraded by ValuEngine from a “hold” rating to a “sell” rating in a report released on Monday, ValuEngine reports.

A number of other equities analysts have also weighed in on the stock. Compass Point lowered 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. BidaskClub upgraded shares of Apollo Investment from a “sell” rating to a “hold” rating in a research report on Saturday. Wells Fargo & Co lowered 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. Finally, Zacks Investment Research upgraded shares of Apollo Investment from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a research report on Tuesday, October 8th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $17.14.

Shares of Apollo Investment stock traded up $0.25 during trading on Monday, reaching $16.08. The company’s stock had a trading volume of 673,990 shares, compared to its average volume of 334,454. The company has a 50-day moving average price of $16.14 and a two-hundred day moving average price of $15.99. The firm has a market cap of $1.10 billion, a PE ratio of 8.88, a P/E/G ratio of 8.65 and a beta of 1.09. Apollo Investment has a fifty-two week low of $12.05 and a fifty-two week high of $17.00. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.05.

Apollo Investment (NASDAQ:AINV) last announced its earnings results on Tuesday, August 6th. The asset manager reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.04. Apollo Investment had a net margin of 31.99% and a return on equity of 9.88%. The business had revenue of $66.52 million for the quarter, compared to analysts’ expectations of $65.60 million. During the same period in the previous year, the company posted $0.45 EPS. On average, analysts predict that Apollo Investment will post 1.82 earnings per share for the current fiscal year.

A number of large investors have recently bought and sold shares of AINV. Marshall Wace LLP purchased a new stake in shares of Apollo Investment during the 1st quarter worth $1,669,000. Marshall Wace North America L.P. purchased a new stake in shares of Apollo Investment during the 1st quarter worth $472,000. Advisory Services Network LLC boosted its position in shares of Apollo Investment by 13.5% during the 1st quarter. Advisory Services Network LLC now owns 6,250 shares of the asset manager’s stock worth $95,000 after purchasing an additional 744 shares in the last quarter. DNB Asset Management AS boosted its position in shares of Apollo Investment by 2.1% during the 2nd quarter. DNB Asset Management AS now owns 64,497 shares of the asset manager’s stock worth $1,019,000 after purchasing an additional 1,300 shares in the last quarter. Finally, Arlington Partners LLC purchased a new stake in shares of Apollo Investment during the 2nd quarter worth $36,000. Hedge funds and other institutional investors own 41.20% of the company’s stock.

About Apollo Investment

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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