Apollo Investment Corporation (NASDAQ:AINV) released its quarterly earnings data on Friday. The asset manager reported $0.15 earnings per share for the quarter, hitting the consensus estimate of $0.15, Bloomberg Earnings reports. Apollo Investment Corporation had a return on equity of 9.81% and a net margin of 6.56%. The business had revenue of $66.70 million during the quarter, compared to analysts’ expectations of $65.19 million. During the same quarter last year, the business posted $0.17 EPS. The business’s revenue was down 12.8% on a year-over-year basis.

Shares of Apollo Investment Corporation (NASDAQ AINV) opened at 6.36 on Friday. The firm has a 50-day moving average price of $6.38 and a 200 day moving average price of $6.36. Apollo Investment Corporation has a 12-month low of $5.42 and a 12-month high of $6.82.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 5th. Shareholders of record on Thursday, September 21st will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 9.43%. The ex-dividend date is Wednesday, September 20th. Apollo Investment Corporation’s dividend payout ratio (DPR) is currently 150.00%.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Legal & General Group Plc boosted its position in Apollo Investment Corporation by 7.9% in the second quarter. Legal & General Group Plc now owns 577,231 shares of the asset manager’s stock worth $3,691,000 after buying an additional 42,256 shares in the last quarter. West Family Investments Inc. boosted its position in Apollo Investment Corporation by 438.7% in the second quarter. West Family Investments Inc. now owns 80,800 shares of the asset manager’s stock worth $460,000 after buying an additional 65,800 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Apollo Investment Corporation by 16.6% in the second quarter. Bank of New York Mellon Corp now owns 24,632 shares of the asset manager’s stock worth $158,000 after buying an additional 3,500 shares in the last quarter. SG Americas Securities LLC boosted its position in Apollo Investment Corporation by 20.2% in the second quarter. SG Americas Securities LLC now owns 256,451 shares of the asset manager’s stock worth $1,639,000 after buying an additional 43,138 shares in the last quarter. Finally, Catalyst Capital Advisors LLC acquired a new position in Apollo Investment Corporation during the second quarter worth approximately $738,000. 46.23% of the stock is currently owned by hedge funds and other institutional investors.

AINV has been the subject of several research analyst reports. BMO Capital Markets reiterated a “hold” rating and issued a $6.00 price objective on shares of Apollo Investment Corporation in a report on Tuesday, April 11th. BidaskClub cut Apollo Investment Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. Zacks Investment Research upgraded Apollo Investment Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, July 19th. Keefe, Bruyette & Woods set a $7.00 price objective on Apollo Investment Corporation and gave the stock a “hold” rating in a report on Wednesday, May 31st. Finally, National Securities reiterated a “neutral” rating and issued a $6.00 price objective on shares of Apollo Investment Corporation in a report on Thursday, May 18th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $6.40.

Apollo Investment Corporation 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.

Earnings History for Apollo Investment Corporation (NASDAQ:AINV)

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