Apollo Investment Corporation (NASDAQ:AINV) announced 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 annualized dividend and a dividend yield of 10.14%. The ex-dividend date is Wednesday, December 20th.
Shares of Apollo Investment (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 12-month low of $5.69 and a 12-month high of $6.82. The firm has a market capitalization of $1,288.81, a PE ratio of 9.08, a PEG ratio of 1.89 and a beta of 0.93.
Apollo Investment (NASDAQ:AINV) last issued its earnings results on Friday, November 3rd. The asset manager reported $0.16 earnings per share for the quarter, hitting the consensus estimate of $0.16. Apollo Investment had a return on equity of 9.51% and a net margin of 29.87%. The business had revenue of $66.46 million for the quarter, compared to analyst estimates of $67.75 million. During the same quarter last year, the company earned $0.18 EPS. The business’s quarterly revenue was down 3.7% on a year-over-year basis. research analysts forecast that Apollo Investment will post 0.63 earnings per share for the current fiscal year.
AINV has been the topic of a number of research reports. Raymond James Financial upgraded Apollo Investment from a “market perform” rating to an “outperform” rating and set a $7.00 price target on the stock in a research note on Tuesday, November 7th. TheStreet upgraded Apollo Investment from a “c” rating to a “b-” rating in a research note on Thursday, November 16th. National Securities restated a “neutral” rating and set a $6.00 price target on shares of Apollo Investment in a research note on Tuesday, November 7th. ValuEngine upgraded Apollo Investment from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Finally, J P Morgan Chase & Co dropped their price target on Apollo Investment from $6.50 to $6.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 1st. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $6.41.
An institutional investor recently raised its position in Apollo Investment stock. The Manufacturers Life Insurance Company raised its stake in Apollo Investment Corporation (NASDAQ:AINV) by 0.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 18,016 shares of the asset manager’s stock after purchasing an additional 168 shares during the quarter. The Manufacturers Life Insurance Company ‘s holdings in Apollo Investment were worth $115,000 at the end of the most recent reporting period. Institutional investors own 46.70% of the company’s stock.
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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.
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