Apollo Investment (AINV) Downgraded by BidaskClub to “Sell”

BidaskClub cut shares of Apollo Investment (NASDAQ:AINV) from a hold rating to a sell rating in a report released on Friday morning.

AINV has been the subject of a number of other research reports. Zacks Investment Research raised shares of Apollo Investment from a hold rating to a buy rating and set a $6.00 price objective for the company in a research report on Thursday, April 12th. ValuEngine raised shares of Apollo Investment from a buy rating to a strong-buy rating in a research report on Wednesday, March 7th. National Securities reissued a neutral rating and issued a $6.00 price objective on shares of Apollo Investment in a research report on Thursday, February 8th. SunTrust Banks reissued a buy rating and issued a $6.50 price objective on shares of Apollo Investment in a research report on Thursday, February 8th. Finally, TheStreet downgraded shares of Apollo Investment from a b- rating to a c rating in a research report on Wednesday, February 7th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company. Apollo Investment has a consensus rating of Hold and an average target price of $6.34.

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Shares of AINV traded down $0.03 during midday trading on Friday, reaching $5.42. The stock had a trading volume of 357,259 shares, compared to its average volume of 913,666. Apollo Investment has a one year low of $5.18 and a one year high of $6.82. The company has a market cap of $1,178.97, a PE ratio of 8.09, a price-to-earnings-growth ratio of 1.66 and a beta of 0.91. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.43 and a quick ratio of 0.43.

Apollo Investment (NASDAQ:AINV) last announced its quarterly earnings data on Wednesday, February 7th. The asset manager reported $0.16 EPS for the quarter, meeting analysts’ consensus estimates of $0.16. Apollo Investment had a net margin of 28.18% and a return on equity of 9.45%. The company had revenue of $64.75 million during the quarter, compared to the consensus estimate of $65.94 million. During the same quarter last year, the firm posted $0.17 EPS. The company’s quarterly revenue was down 4.9% on a year-over-year basis. analysts expect that Apollo Investment will post 0.62 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, April 12th. Investors of record on Tuesday, March 27th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 11.07%. The ex-dividend date of this dividend was Monday, March 26th. Apollo Investment’s payout ratio is 89.55%.

Several hedge funds have recently made changes to their positions in AINV. Cubist Systematic Strategies LLC bought a new stake in shares of Apollo Investment during the 3rd quarter worth about $108,000. The Manufacturers Life Insurance Company boosted its holdings in shares of Apollo Investment by 0.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 18,016 shares of the asset manager’s stock worth $115,000 after buying an additional 168 shares during the period. Murphy Middleton Hinkle & Parker Inc. bought a new stake in shares of Apollo Investment during the 4th quarter worth about $156,000. Aperio Group LLC boosted its holdings in shares of Apollo Investment by 58.2% during the 4th quarter. Aperio Group LLC now owns 30,601 shares of the asset manager’s stock worth $173,000 after buying an additional 11,254 shares during the period. Finally, Caxton Associates LP bought a new stake in shares of Apollo Investment during the 4th quarter worth about $190,000. 48.86% of the stock is owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Apollo Investment (NASDAQ:AINV)

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