Equities analysts predict that Apollo Investment Co. (NASDAQ:AINV – Get Rating) will post sales of $54.10 million for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Apollo Investment’s earnings, with the highest sales estimate coming in at $55.29 million and the lowest estimate coming in at $53.48 million. Apollo Investment reported sales of $50.83 million during the same quarter last year, which indicates a positive year-over-year growth rate of 6.4%. The company is expected to report its next earnings results after the market closes on Monday, January 1st.
According to Zacks, analysts expect that Apollo Investment will report full-year sales of $212.52 million for the current year, with estimates ranging from $211.89 million to $213.71 million. For the next fiscal year, analysts forecast that the company will post sales of $223.99 million, with estimates ranging from $220.54 million to $228.07 million. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow Apollo Investment.
Apollo Investment (NASDAQ:AINV – Get Rating) last posted its earnings results on Thursday, February 3rd. The asset manager reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.01. The company had revenue of $54.97 million during the quarter, compared to analysts’ expectations of $54.53 million. Apollo Investment had a net margin of 57.61% and a return on equity of 9.14%. During the same quarter last year, the company posted $0.43 EPS.
NASDAQ AINV opened at $12.66 on Friday. Apollo Investment has a 52-week low of $11.75 and a 52-week high of $15.27. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.87 and a current ratio of 0.87. The firm has a 50-day moving average of $13.15 and a 200-day moving average of $13.17. The stock has a market cap of $805.77 million, a PE ratio of 6.84 and a beta of 1.72.
Apollo Investment declared that its Board of Directors has approved a share buyback plan on Thursday, February 3rd that permits the company to repurchase $25.00 million in shares. This repurchase authorization permits the asset manager to purchase up to 3% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its shares are undervalued.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in AINV. Centaurus Financial Inc. grew its holdings in shares of Apollo Investment by 4.0% during the third quarter. Centaurus Financial Inc. now owns 23,225 shares of the asset manager’s stock worth $301,000 after purchasing an additional 884 shares during the last quarter. HighTower Advisors LLC raised its position in Apollo Investment by 2.5% during the 3rd quarter. HighTower Advisors LLC now owns 38,728 shares of the asset manager’s stock worth $501,000 after purchasing an additional 945 shares during the last quarter. International Assets Investment Management LLC raised its position in Apollo Investment by 1.7% during the 1st quarter. International Assets Investment Management LLC now owns 61,388 shares of the asset manager’s stock worth $812,000 after purchasing an additional 1,001 shares during the last quarter. First Horizon Advisors Inc. raised its position in Apollo Investment by 146.3% during the 4th quarter. First Horizon Advisors Inc. now owns 2,037 shares of the asset manager’s stock worth $26,000 after purchasing an additional 1,210 shares during the last quarter. Finally, Rockefeller Capital Management L.P. grew its holdings in Apollo Investment by 2.1% during the 4th quarter. Rockefeller Capital Management L.P. now owns 62,612 shares of the asset manager’s stock worth $800,000 after acquiring an additional 1,270 shares during the period. 30.83% of the stock is currently owned by institutional investors.
Apollo Investment Company Profile (Get Rating)
Apollo Investment Corporation is a closed-end, externally managed, non-diversified management investment company that has elected to be treated as a business development company (ÂBDCÂ) under the Investment Company Act of 1940 (the Â1940 ActÂ) specializing in private equity investments in leveraged buyouts, acquisitions, recapitalizations, growth capital, refinancing and private middle market companies.
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