Apollo Investment (AINV) Upgraded to Sell by BidaskClub

Apollo Investment (NASDAQ:AINV) was upgraded by stock analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research report issued to clients and investors on Thursday, March 15th.

Several other research firms also recently commented on AINV. TheStreet downgraded Apollo Investment from a “b-” rating to a “c” rating in a research report on Wednesday, February 7th. SunTrust Banks reaffirmed a “buy” rating and issued a $6.50 target price on shares of Apollo Investment in a research report on Thursday, February 8th. National Securities reaffirmed a “neutral” rating and issued a $6.00 target price on shares of Apollo Investment in a research report on Thursday, February 8th. ValuEngine downgraded Apollo Investment from a “buy” rating to a “hold” rating in a research report on Wednesday, February 28th. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $6.00 target price on shares of Apollo Investment in a research report on Wednesday, November 15th. Two analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the stock. Apollo Investment currently has an average rating of “Hold” and a consensus target price of $6.38.

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NASDAQ AINV traded down $0.06 during trading on Thursday, reaching $5.36. 829,119 shares of the company’s stock were exchanged, compared to its average volume of 1,114,720. The company has a market cap of $1,173.56, a PE 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 has a fifty-two week low of $5.18 and a fifty-two week high of $6.82.

Apollo Investment (NASDAQ:AINV) last announced its quarterly earnings results on Wednesday, February 7th. The asset manager reported $0.16 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.16. The firm had revenue of $64.75 million for the quarter, compared to the consensus estimate of $65.94 million. Apollo Investment had a return on equity of 9.45% and a net margin of 28.18%. The business’s revenue was down 4.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.17 earnings per share. research analysts anticipate that Apollo Investment will post 0.62 EPS for the current fiscal year.

A number of large investors have recently modified their holdings of the stock. The Manufacturers Life Insurance Company grew its position in 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 buying an additional 168 shares in the last quarter. KBC Group NV grew its position in Apollo Investment by 5.1% during the third quarter. KBC Group NV now owns 183,389 shares of the asset manager’s stock worth $1,120,000 after buying an additional 8,978 shares in the last quarter. California Public Employees Retirement System grew its position in Apollo Investment by 1.8% during the fourth quarter. California Public Employees Retirement System now owns 526,500 shares of the asset manager’s stock worth $2,980,000 after buying an additional 9,500 shares in the last quarter. HBK Investments L P grew its position in Apollo Investment by 26.0% during the fourth quarter. HBK Investments L P now owns 46,100 shares of the asset manager’s stock worth $261,000 after buying an additional 9,500 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in Apollo Investment by 6.5% during the third quarter. JPMorgan Chase & Co. now owns 162,576 shares of the asset manager’s stock worth $977,000 after buying an additional 9,974 shares in the last quarter. 48.84% of the stock is currently owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Apollo Investment (NASDAQ:AINV)

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