Centaurus Financial Inc. bought a new stake in Apollo Investment Corp. (NASDAQ:AINV) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 93,349 shares of the asset manager’s stock, valued at approximately $520,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Hudson Valley Investment Advisors Inc. ADV bought a new position in shares of Apollo Investment during the 2nd quarter valued at about $111,000. Quantbot Technologies LP boosted its position in shares of Apollo Investment by 260.9% during the 1st quarter. Quantbot Technologies LP now owns 21,952 shares of the asset manager’s stock valued at $114,000 after purchasing an additional 15,870 shares in the last quarter. Cetera Advisors LLC boosted its position in shares of Apollo Investment by 140.8% during the 1st quarter. Cetera Advisors LLC now owns 26,185 shares of the asset manager’s stock valued at $136,000 after purchasing an additional 15,313 shares in the last quarter. Koch Industries Inc. boosted its position in shares of Apollo Investment by 72.2% during the 1st quarter. Koch Industries Inc. now owns 34,388 shares of the asset manager’s stock valued at $180,000 after purchasing an additional 14,422 shares in the last quarter. Finally, United Capital Financial Advisers LLC boosted its position in shares of Apollo Investment by 46.2% during the 1st quarter. United Capital Financial Advisers LLC now owns 39,548 shares of the asset manager’s stock valued at $206,000 after purchasing an additional 12,500 shares in the last quarter. Hedge funds and other institutional investors own 46.33% of the company’s stock.
Several equities analysts have recently weighed in on the stock. TheStreet lowered shares of Apollo Investment from a “b-” rating to a “c” rating in a research report on Monday, August 13th. Zacks Investment Research lowered shares of Apollo Investment from a “buy” rating to a “hold” rating in a research report on Monday, May 21st. BidaskClub upgraded shares of Apollo Investment from a “sell” rating to a “hold” rating in a research report on Tuesday, May 22nd. National Securities restated a “neutral” rating and set a $6.00 price objective on shares of Apollo Investment in a research report on Wednesday, August 15th. Finally, Citigroup assumed coverage on shares of Apollo Investment in a research report on Thursday, August 23rd. They set a “sell” rating and a $5.00 price objective for the company. Four equities research analysts have rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $6.25.
Shares of AINV opened at $5.51 on Tuesday. Apollo Investment Corp. has a one year low of $5.18 and a one year high of $6.20. The stock has a market capitalization of $1.19 billion, a price-to-earnings ratio of 9.02, a PEG ratio of 1.82 and a beta of 0.89. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.79.
Apollo Investment (NASDAQ:AINV) last announced its earnings results on Wednesday, August 8th. The asset manager reported $0.15 EPS for the quarter, hitting the consensus estimate of $0.15. Apollo Investment had a net margin of 27.90% and a return on equity of 9.20%. The company had revenue of $63.60 million during the quarter, compared to analysts’ expectations of $62.38 million. During the same period last year, the company posted $0.15 earnings per share. The business’s revenue for the quarter was down 4.6% on a year-over-year basis. analysts anticipate that Apollo Investment Corp. will post 0.61 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 9th. Shareholders of record on Monday, September 24th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 10.89%. The ex-dividend date is Friday, September 21st. Apollo Investment’s payout ratio is 98.36%.
Apollo Investment Company Profile
Apollo Investment Corporation is business development company specializing in middle market companies. It provides direct equity capital, mezzanine and senior secured loans, unsecured debt, and subordinated debt and loans. It also seeks to invest in PIPES transactions. The fund may also invest in securities of public companies that are thinly traded and may acquire investments in the secondary market and structured products.
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