Apollo Investment (NASDAQ:AINV) was downgraded by BidaskClub from a “hold” rating to a “sell” rating in a research note issued to investors on Friday.
Other research analysts also recently issued reports about the company. Wells Fargo raised Apollo Investment from a “market perform” rating to an “outperform” rating and set a $6.00 price target on the stock in a research report on Thursday, February 8th. National Securities reaffirmed a “neutral” rating and issued a $6.00 price target on shares of Apollo Investment in a research report on Thursday, February 8th. SunTrust Banks reaffirmed a “buy” rating and issued a $6.50 price target on shares of Apollo Investment in a research report on Thursday, February 8th. TheStreet downgraded Apollo Investment from a “b-” rating to a “c” rating in a research report on Wednesday, February 7th. Finally, ValuEngine downgraded Apollo Investment from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $6.34.
NASDAQ AINV remained flat at $$5.44 during trading on Friday. The company’s stock had a trading volume of 21,100 shares, compared to its average volume of 936,128. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.61. The company has a market cap of $1,188.72, a P/E ratio of 8.13, a P/E/G ratio of 1.68 and a beta of 0.91. Apollo Investment has a 52 week low of $5.18 and a 52 week high of $6.82.
Apollo Investment (NASDAQ:AINV) last issued its quarterly earnings results on Wednesday, February 7th. The asset manager reported $0.16 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.16. The company 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 company’s revenue for the quarter was down 4.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.17 EPS. sell-side analysts expect that Apollo Investment will post 0.62 earnings per share for the current year.
Several large investors have recently made changes to their positions in the company. PVG Asset Management Corp acquired a new stake in shares of Apollo Investment during the 4th quarter worth approximately $3,092,000. All Terrain Financial Advisors LLC acquired a new stake in shares of Apollo Investment during the 4th quarter worth approximately $340,000. Jane Street Group LLC grew its holdings in shares of Apollo Investment by 1,196.8% during the 4th quarter. Jane Street Group LLC now owns 129,911 shares of the asset manager’s stock worth $735,000 after purchasing an additional 119,893 shares in the last quarter. LPL Financial LLC grew its holdings in shares of Apollo Investment by 6.7% during the 4th quarter. LPL Financial LLC now owns 193,410 shares of the asset manager’s stock worth $1,095,000 after purchasing an additional 12,217 shares in the last quarter. Finally, HBK Investments L P grew its holdings in shares of Apollo Investment by 26.0% during the 4th quarter. HBK Investments L P now owns 46,100 shares of the asset manager’s stock worth $261,000 after purchasing an additional 9,500 shares in the last quarter. 48.86% of the stock is currently owned by institutional investors.
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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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