Apollo Investment Corporation (NASDAQ:AINV) declared a quarterly dividend on Thursday, November 2nd, Zacks reports. Stockholders of record on Thursday, December 21st will be paid a dividend of 0.15 per share by the asset manager on Friday, January 5th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 10.14%. The ex-dividend date is Wednesday, December 20th.
Apollo Investment (NASDAQ:AINV) opened at $5.92 on Friday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.61 and a current ratio of 0.61. Apollo Investment has a 1 year low of $5.69 and a 1 year high of $6.82. The stock has a market cap of $1,288.81, a price-to-earnings ratio of 9.08, a P/E/G ratio of 1.89 and a beta of 0.93.
Apollo Investment (NASDAQ:AINV) last released its earnings results on Friday, November 3rd. The asset manager reported $0.16 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.16. Apollo Investment had a net margin of 29.87% and a return on equity of 9.51%. The company had revenue of $66.46 million for the quarter, compared to the consensus estimate of $67.75 million. During the same quarter in the previous year, the company earned $0.18 EPS. Apollo Investment’s quarterly revenue was down 3.7% compared to the same quarter last year. research analysts expect that Apollo Investment will post 0.63 earnings per share for the current fiscal year.
An institutional investor recently raised its position in Apollo Investment stock. The Manufacturers Life Insurance Company boosted its stake in shares of Apollo Investment Corporation (NASDAQ:AINV) by 0.9% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 18,016 shares of the asset manager’s stock after buying an additional 168 shares during the quarter. The Manufacturers Life Insurance Company ‘s holdings in Apollo Investment were worth $115,000 as of its most recent SEC filing. 46.70% of the stock is owned by hedge funds and other institutional investors.
AINV has been the topic of a number of research reports. Compass Point initiated coverage on shares of Apollo Investment in a research report on Thursday, November 2nd. They set a “neutral” rating and a $6.25 target price on the stock. J P Morgan Chase & Co lowered their price objective on shares of Apollo Investment from $6.50 to $6.00 and set a “neutral” rating on the stock in a report on Wednesday, November 1st. Keefe, Bruyette & Woods set a $7.00 price objective on shares of Apollo Investment and gave the stock a “hold” rating in a report on Thursday, October 5th. BMO Capital Markets restated a “hold” rating and set a $6.00 price objective on shares of Apollo Investment in a report on Wednesday, November 15th. Finally, TheStreet upgraded shares of Apollo Investment from a “c” rating to a “b-” rating in a research note on Thursday, November 16th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company’s stock. Apollo Investment presently has a consensus rating of “Hold” and a consensus price target of $6.41.
Apollo Investment Company Profile
Apollo Investment Corporation is a closed-end, externally managed, non-diversified management investment company. The Company’s investment objective is to generate current income and capital appreciation. It invests primarily in various forms of debt investments, including secured and unsecured debt, loan investments and/or equity in private middle-market companies.
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