GSA Capital Partners LLP bought a new position in shares of Apollo Investment Corp. (NASDAQ:AINV) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm bought 299,799 shares of the asset manager’s stock, valued at approximately $1,631,000. GSA Capital Partners LLP owned 0.14% of Apollo Investment as of its most recent filing with the SEC.
A number of other hedge funds also recently made changes to their positions in AINV. Verition Fund Management LLC acquired a new stake in Apollo Investment during the 2nd quarter worth approximately $106,000. Russell Investments Group Ltd. acquired a new stake in Apollo Investment during the 3rd quarter worth approximately $116,000. Ramsey Quantitative Systems raised its holdings in Apollo Investment by 94.0% during the 3rd quarter. Ramsey Quantitative Systems now owns 25,463 shares of the asset manager’s stock worth $139,000 after buying an additional 12,339 shares during the period. TCI Wealth Advisors Inc. raised its holdings in Apollo Investment by 313.5% during the 3rd quarter. TCI Wealth Advisors Inc. now owns 27,091 shares of the asset manager’s stock worth $147,000 after buying an additional 20,540 shares during the period. Finally, Zeke Capital Advisors LLC acquired a new stake in Apollo Investment during the 3rd quarter worth approximately $184,000. Hedge funds and other institutional investors own 44.56% of the company’s stock.
NASDAQ AINV opened at $15.49 on Thursday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.76 and a current ratio of 0.76. Apollo Investment Corp. has a 12-month low of $14.84 and a 12-month high of $18.00. The company has a market capitalization of $1.11 billion, a PE ratio of 8.46, a price-to-earnings-growth ratio of 1.71 and a beta of 0.82.
Apollo Investment (NASDAQ:AINV) last posted its quarterly earnings data on Tuesday, October 30th. The asset manager reported $0.45 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.45. Apollo Investment had a net margin of 26.47% and a return on equity of 9.22%. The company had revenue of $66.03 million for the quarter, compared to the consensus estimate of $67.38 million. During the same period last year, the company earned $0.48 earnings per share. The firm’s revenue was down .6% compared to the same quarter last year. On average, analysts predict that Apollo Investment Corp. will post 1.81 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 4th. Stockholders of record on Thursday, December 20th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, December 19th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.87%. Apollo Investment’s dividend payout ratio (DPR) is presently 98.36%.
Several analysts have commented on AINV shares. BidaskClub upgraded shares of Apollo Investment from a “hold” rating to a “buy” rating in a report on Tuesday, November 13th. TheStreet downgraded shares of Apollo Investment from a “b-” rating to a “c” rating in a report on Monday, August 13th. Barclays lifted their price objective on shares of Apollo Investment from $6.00 to $18.00 and gave the company an “equal weight” rating in a report on Tuesday. National Securities reiterated a “neutral” rating and issued a $18.00 price objective on shares of Apollo Investment in a report on Wednesday, August 15th. Finally, Wells Fargo & Co lowered their price objective on shares of Apollo Investment from $21.00 to $18.00 and set an “outperform” rating on the stock in a report on Thursday, October 4th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. Apollo Investment presently has an average rating of “Hold” and a consensus price target of $18.21.
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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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