BidaskClub Downgrades Apollo Investment (AINV) to Strong Sell

Apollo Investment (NASDAQ:AINV) was downgraded by BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued on Saturday.

AINV has been the topic of a number of other reports. SunTrust Banks reaffirmed a “buy” rating on shares of Apollo Investment in a research note on Friday, November 3rd. ValuEngine raised shares of Apollo Investment from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Jefferies Group reaffirmed a “buy” rating and issued a $7.00 price target on shares of Apollo Investment in a research note on Friday, September 22nd. Raymond James Financial raised shares of 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. Finally, National Securities reaffirmed a “neutral” rating and issued a $6.00 price target on shares of Apollo Investment in a research note on Tuesday, November 7th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company. Apollo Investment presently has an average rating of “Hold” and an average target price of $6.41.

Shares of Apollo Investment (NASDAQ:AINV) opened at $5.74 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 one year low of $5.60 and a one year high of $6.82. The stock has a market cap of $1,250.00, a price-to-earnings ratio of 15.94, a price-to-earnings-growth ratio of 1.84 and a beta of 0.94.

Apollo Investment (NASDAQ:AINV) last announced its earnings results on Friday, November 3rd. The asset manager reported $0.16 earnings per share (EPS) for the quarter, meeting the 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 period in the previous year, the business earned $0.18 EPS. The company’s revenue was down 3.7% on a year-over-year basis. equities research analysts anticipate that Apollo Investment will post 0.63 earnings per share for the current year.

A number of large investors have recently modified their holdings of the stock. Muzinich & Co. Inc. boosted its holdings in Apollo Investment by 8.1% in the second quarter. Muzinich & Co. Inc. now owns 9,566,415 shares of the asset manager’s stock worth $61,129,000 after purchasing an additional 720,293 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in Apollo Investment by 4.5% in the third quarter. Wells Fargo & Company MN now owns 3,030,493 shares of the asset manager’s stock worth $18,516,000 after purchasing an additional 129,374 shares in the last quarter. Van ECK Associates Corp boosted its holdings in Apollo Investment by 1.2% in the third quarter. Van ECK Associates Corp now owns 1,538,895 shares of the asset manager’s stock worth $9,403,000 after purchasing an additional 18,131 shares in the last quarter. Nomura Holdings Inc. boosted its holdings in Apollo Investment by 10.4% in the second quarter. Nomura Holdings Inc. now owns 1,342,609 shares of the asset manager’s stock worth $8,591,000 after purchasing an additional 126,477 shares in the last quarter. Finally, Telemus Capital LLC boosted its holdings in Apollo Investment by 34.9% in the third quarter. Telemus Capital LLC now owns 1,245,571 shares of the asset manager’s stock worth $7,610,000 after purchasing an additional 322,123 shares in the last quarter. Hedge funds and other institutional investors own 46.42% 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.

Analyst Recommendations for Apollo Investment (NASDAQ:AINV)

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