Apollo Investment (NASDAQ:AINV) Earns Hold Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Apollo Investment (NASDAQ:AINVGet Rating) in a research report issued to clients and investors on Friday. The firm set a “hold” rating on the asset manager’s stock.

A number of other research analysts also recently issued reports on AINV. Compass Point boosted their price target on Apollo Investment to $13.50 in a report on Tuesday, August 9th. Wells Fargo & Company raised Apollo Investment from an “equal weight” rating to an “overweight” rating and set a $13.50 price target for the company in a report on Wednesday, August 3rd. Finally, Citigroup boosted their price target on Apollo Investment to $13.00 in a report on Tuesday, August 9th.

Apollo Investment Price Performance

The firm has a 50 day moving average price of $11.60 and a 200 day moving average price of $12.50. The stock has a market capitalization of $867.03 million, a price-to-earnings ratio of 15.69 and a beta of 1.65. Apollo Investment has a 52-week low of $10.01 and a 52-week high of $14.00. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 1.62.

Apollo Investment (NASDAQ:AINVGet Rating) last issued its earnings results on Tuesday, August 2nd. The asset manager reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.03. The firm had revenue of $53.40 million for the quarter, compared to analyst estimates of $54.04 million. Apollo Investment had a return on equity of 9.28% and a net margin of 25.87%. During the same quarter in the prior year, the firm earned $0.39 earnings per share. As a group, research analysts expect that Apollo Investment will post 1.49 earnings per share for the current year.

Insider Transactions at Apollo Investment

In other Apollo Investment news, CEO Howard Widra bought 20,000 shares of Apollo Investment stock in a transaction dated Wednesday, August 3rd. The stock was acquired at an average cost of $13.01 per share, with a total value of $260,200.00. Following the purchase, the chief executive officer now directly owns 303,645 shares in the company, valued at approximately $3,950,421.45. The acquisition was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.92% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in AINV. First Horizon Advisors Inc. increased its position in shares of Apollo Investment by 146.3% during the fourth 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 in the last quarter. Parkside Financial Bank & Trust purchased a new stake in shares of Apollo Investment during the first quarter worth approximately $41,000. BNP Paribas Arbitrage SA purchased a new stake in shares of Apollo Investment during the second quarter worth approximately $52,000. UMB Bank N A MO purchased a new stake in Apollo Investment in the 4th quarter valued at $60,000. Finally, JPMorgan Chase & Co. grew its holdings in Apollo Investment by 188.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 6,925 shares of the asset manager’s stock valued at $75,000 after buying an additional 4,525 shares in the last quarter. 30.83% of the stock is owned by institutional investors and hedge funds.

About Apollo Investment

(Get Rating)

Apollo Investment Corporation is business development company and a closed-end, externally managed, non-diversified management investment company. It is elected to be treated as a business development company (BDC) under the Investment Company Act of 1940 (the 1940 Act) specializing in private equity investments in leveraged buyouts, acquisitions, recapitalizations, growth capital, refinancing and private middle market companies.

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