Millennium Management LLC Has $11.92 Million Stake in Apollo Investment Co. (AINV)

Millennium Management LLC reduced its position in shares of Apollo Investment Co. (NASDAQ:AINV) by 2.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,105,274 shares of the asset manager’s stock after selling 43,241 shares during the period. Millennium Management LLC owned 0.97% of Apollo Investment worth $11,916,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Cubist Systematic Strategies LLC purchased a new stake in shares of Apollo Investment during the third quarter worth about $108,000. The Manufacturers Life Insurance Company boosted its holdings 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. Murphy Middleton Hinkle & Parker Inc. purchased a new stake in shares of Apollo Investment during the fourth quarter worth about $156,000. Aperio Group LLC boosted its holdings in shares of Apollo Investment by 58.2% during the fourth quarter. Aperio Group LLC now owns 30,601 shares of the asset manager’s stock worth $173,000 after purchasing an additional 11,254 shares during the period. Finally, Caxton Associates LP purchased a new stake in shares of Apollo Investment during the fourth quarter worth about $190,000. Institutional investors own 48.84% of the company’s stock.

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AINV has been the subject of several research analyst reports. SunTrust Banks restated a “buy” rating and issued a $6.50 price objective on shares of Apollo Investment in a report on Thursday, February 8th. TheStreet lowered shares of Apollo Investment from a “b-” rating to a “c” rating in a report on Wednesday, February 7th. ValuEngine lowered shares of Apollo Investment from a “buy” rating to a “hold” rating in a report on Monday, April 2nd. National Securities restated a “neutral” rating and issued a $6.00 price objective on shares of Apollo Investment in a report on Thursday, February 8th. Finally, Wells Fargo upgraded shares of Apollo Investment from a “market perform” rating to an “outperform” rating and set a $6.00 price objective for the company in a report on Thursday, February 8th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company’s stock. Apollo Investment currently has a consensus rating of “Hold” and a consensus price target of $6.38.

Shares of NASDAQ AINV opened at $5.36 on Friday. Apollo Investment Co. has a fifty-two week low of $5.18 and a fifty-two week high of $6.82. The company has a market cap of $1,173.56, a price-to-earnings ratio of 8.00, a price-to-earnings-growth ratio of 1.66 and a beta of 0.91. 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 Zacks’ 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 during the quarter, compared to the consensus estimate of $65.94 million. During the same quarter last year, the firm earned $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 anticipate that Apollo Investment Co. will post 0.62 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 12th. Shareholders of record on Tuesday, March 27th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 11.19%. The ex-dividend date is Monday, March 26th. Apollo Investment’s dividend payout ratio is 89.55%.

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About Apollo Investment

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

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