Apollo Investment Corp. (NASDAQ:AINV) was the target of a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 860,301 shares, a growth of 42.4% from the February 15th total of 603,981 shares. Currently, 0.4% of the company’s shares are sold short. Based on an average trading volume of 624,471 shares, the short-interest ratio is currently 1.4 days.
Apollo Investment (NASDAQ:AINV) opened at $5.50 on Wednesday. The stock has a market capitalization of $1,190.00, a P/E ratio of 16.18, a price-to-earnings-growth ratio of 1.73 and a beta of 0.93. Apollo Investment has a twelve month low of $5.24 and a twelve month high of $6.82. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.61.
Apollo Investment (NASDAQ:AINV) last posted its quarterly earnings results on Wednesday, February 7th. The asset manager reported $0.16 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.16. The firm had revenue of $64.75 million for the quarter, compared to analysts’ expectations of $65.94 million. Apollo Investment had a return on equity of 9.45% and a net margin of 28.18%. The company’s revenue for the quarter was down 4.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.17 EPS. sell-side analysts anticipate that Apollo Investment will post 0.62 earnings per share for the current fiscal year.
AINV has been the topic of several analyst reports. ValuEngine upgraded Apollo Investment from a “hold” rating to a “buy” rating in a report on Friday, December 1st. BidaskClub upgraded Apollo Investment from a “strong sell” rating to a “sell” rating in a report on Thursday, December 21st. TheStreet upgraded Apollo Investment from a “c” rating to a “b-” rating in a report on Thursday, November 16th. Wells Fargo & Co upgraded Apollo Investment from a “market perform” rating to an “outperform” rating and set a $6.00 target price on the stock in a report on Thursday, February 8th. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $6.00 target price on shares of Apollo Investment in a report on Wednesday, November 15th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $6.38.
Several institutional investors have recently bought and sold shares of AINV. Northern Trust Corp raised its position in shares of Apollo Investment by 13.3% during the second quarter. Northern Trust Corp now owns 122,694 shares of the asset manager’s stock worth $784,000 after purchasing an additional 14,404 shares during the period. The Manufacturers Life Insurance Company raised its position in shares of Apollo Investment by 0.9% during the second quarter. The Manufacturers Life Insurance Company now owns 18,016 shares of the asset manager’s stock worth $115,000 after purchasing an additional 168 shares during the period. Sigma Planning Corp raised its position in shares of Apollo Investment by 18.1% during the third quarter. Sigma Planning Corp now owns 107,178 shares of the asset manager’s stock worth $655,000 after purchasing an additional 16,456 shares during the period. Advisors Asset Management Inc. raised its position in shares of Apollo Investment by 16.4% during the third quarter. Advisors Asset Management Inc. now owns 384,474 shares of the asset manager’s stock worth $2,349,000 after purchasing an additional 54,261 shares during the period. Finally, Commonwealth Equity Services Inc raised its position in shares of Apollo Investment by 12.5% during the third quarter. Commonwealth Equity Services Inc now owns 302,986 shares of the asset manager’s stock worth $1,851,000 after purchasing an additional 33,747 shares during the period. Hedge funds and other institutional investors own 48.93% of the company’s stock.
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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