SG Americas Securities LLC Reduces Position in Apollo Investment Corp. (AINV)

SG Americas Securities LLC decreased its stake in shares of Apollo Investment Corp. (NASDAQ:AINV) by 31.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 79,096 shares of the asset manager’s stock after selling 35,544 shares during the quarter. SG Americas Securities LLC’s holdings in Apollo Investment were worth $448,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Wells Fargo & Company MN boosted its position in shares of Apollo Investment by 4.5% during the third quarter. Wells Fargo & Company MN now owns 3,030,493 shares of the asset manager’s stock worth $18,516,000 after acquiring an additional 129,374 shares during the last quarter. Van ECK Associates Corp boosted its position in shares of Apollo Investment by 1.2% during the third quarter. Van ECK Associates Corp now owns 1,538,895 shares of the asset manager’s stock worth $9,403,000 after acquiring an additional 18,131 shares during the last quarter. Telemus Capital LLC boosted its position in shares of Apollo Investment by 34.9% during the third quarter. Telemus Capital LLC now owns 1,245,571 shares of the asset manager’s stock worth $7,610,000 after acquiring an additional 322,123 shares during the last quarter. Camelot Portfolios LLC boosted its position in shares of Apollo Investment by 4.2% during the third quarter. Camelot Portfolios LLC now owns 1,106,011 shares of the asset manager’s stock worth $6,758,000 after acquiring an additional 44,628 shares during the last quarter. Finally, Sumitomo Mitsui Asset Management Company LTD boosted its position in shares of Apollo Investment by 7.9% during the third quarter. Sumitomo Mitsui Asset Management Company LTD now owns 935,752 shares of the asset manager’s stock worth $5,717,000 after acquiring an additional 68,571 shares during the last quarter. Hedge funds and other institutional investors own 47.92% of the company’s stock.

A number of equities research analysts recently issued reports on the stock. BidaskClub downgraded shares of Apollo Investment from a “sell” rating to a “strong sell” rating in a research note on Friday. TheStreet downgraded shares of Apollo Investment from a “b-” rating to a “c” rating in a research note on Wednesday, February 7th. National Securities reaffirmed a “neutral” rating and set a $6.00 price target on shares of Apollo Investment in a research note on Thursday, February 8th. SunTrust Banks reaffirmed a “buy” rating and set a $6.50 price target on shares of Apollo Investment in a research note on Thursday, February 8th. Finally, Wells Fargo & Co raised shares of Apollo Investment from a “market perform” rating to an “outperform” rating and set a $6.00 price target on the stock in a research note on Thursday, February 8th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the stock. Apollo Investment presently has an average rating of “Hold” and a consensus target price of $6.38.

Shares of Apollo Investment Corp. (AINV) opened at $5.38 on Friday. Apollo Investment Corp. has a 12 month low of $5.30 and a 12 month high of $6.82. The firm has a market cap of $1,180.00, a price-to-earnings ratio of 15.82, a PEG ratio of 1.73 and a beta of 0.88. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.61.

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

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 12th. Stockholders of record on Tuesday, March 27th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 11.15%. The ex-dividend date of this dividend is Monday, March 26th. Apollo Investment’s dividend payout ratio is currently 176.47%.

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Apollo Investment 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.

Institutional Ownership by Quarter for Apollo Investment (NASDAQ:AINV)

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