Apollo Investment Corp. (AINV) Shares Bought by Concert Wealth Management Inc.
Concert Wealth Management Inc. boosted its position in Apollo Investment Corp. (NASDAQ:AINV) by 0.2% during the second quarter, Holdings Channel reports. The fund owned 25,593 shares of the company’s stock after buying an additional 55 shares during the period. Concert Wealth Management Inc.’s holdings in Apollo Investment Corp. were worth $142,000 at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of the company. BlackRock Group LTD increased its position in shares of Apollo Investment Corp. by 2.2% in the first quarter. BlackRock Group LTD now owns 1,058,847 shares of the company’s stock worth $5,877,000 after buying an additional 23,053 shares during the last quarter. JPMorgan Chase & Co. increased its position in Apollo Investment Corp. by 127.7% in the first quarter. JPMorgan Chase & Co. now owns 385,466 shares of the company’s stock valued at $2,139,000 after buying an additional 216,166 shares in the last quarter. Green Square Capital LLC increased its position in Apollo Investment Corp. by 112.8% in the second quarter. Green Square Capital LLC now owns 63,351 shares of the company’s stock valued at $360,000 after buying an additional 33,575 shares in the last quarter. Sanders Morris Harris Inc. increased its position in Apollo Investment Corp. by 0.3% in the second quarter. Sanders Morris Harris Inc. now owns 127,624 shares of the company’s stock valued at $707,000 after buying an additional 364 shares in the last quarter. Finally, ING Groep NV increased its position in Apollo Investment Corp. by 3.3% in the second quarter. ING Groep NV now owns 1,181,663 shares of the company’s stock valued at $6,558,000 after buying an additional 37,242 shares in the last quarter. Hedge funds and other institutional investors own 42.94% of the company’s stock.
Apollo Investment Corp. (NASDAQ:AINV) traded down 0.34% on Monday, reaching $5.86. 919,426 shares of the company traded hands. Apollo Investment Corp. has a 12 month low of $4.26 and a 12 month high of $6.39. The company has a 50-day moving average price of $5.97 and a 200-day moving average price of $5.72.
Apollo Investment Corp. (NASDAQ:AINV) last released its quarterly earnings results on Friday, August 5th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by $0.02. Apollo Investment Corp. had a positive return on equity of 10.57% and a negative net margin of 26.23%. During the same quarter in the previous year, the company posted $0.22 EPS. On average, analysts expect that Apollo Investment Corp. will post $0.67 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, October 5th. Stockholders of record on Wednesday, September 21st were given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 10.24%. The ex-dividend date of this dividend was Monday, September 19th. Apollo Investment Corp.’s payout ratio is currently -146.34%.
Several equities analysts have issued reports on the stock. Jefferies Group restated a “buy” rating on shares of Apollo Investment Corp. in a research note on Friday, August 12th. Bank of America Corp. downgraded shares of Apollo Investment Corp. from a “neutral” rating to an “underperform” rating in a research note on Friday, July 8th. Finally, National Securities restated a “neutral” rating and issued a $6.00 price objective on shares of Apollo Investment Corp. in a research note on Monday, August 8th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $6.52.
In related news, Director Frank C. Puleo bought 4,180 shares of the company’s stock in a transaction dated Tuesday, August 16th. The stock was bought at an average price of $6.01 per share, with a total value of $25,121.80. Following the transaction, the director now owns 29,080 shares of the company’s stock, valued at $174,770.80. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Hilary E. Ackermann bought 6,000 shares of the company’s stock in a transaction dated Wednesday, August 17th. The stock was bought at an average cost of $6.02 per share, with a total value of $36,120.00. Following the transaction, the director now directly owns 10,000 shares in the company, valued at approximately $60,200. The disclosure for this purchase can be found here. 0.26% of the stock is currently owned by insiders.
Apollo Investment Corp. 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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