Apollo Investment Corporation (NASDAQ:AINV)‘s stock had its “buy” rating reaffirmed by equities research analysts at Jefferies Group LLC in a research report issued on Friday. They currently have a $7.00 price objective on the asset manager’s stock. Jefferies Group LLC’s price objective suggests a potential upside of 18.85% from the stock’s current price.

Several other analysts have also recently commented on AINV. Keefe, Bruyette & Woods set a $7.00 target price on Apollo Investment Corporation and gave the stock a “hold” rating in a research report on Wednesday, May 31st. Zacks Investment Research raised Apollo Investment Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th. BidaskClub cut Apollo Investment Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. National Securities reaffirmed a “neutral” rating and issued a $6.00 target price on shares of Apollo Investment Corporation in a research report on Wednesday, August 9th. Finally, Bank of America Corporation reaffirmed an “underperform” rating and issued a $6.00 target price (up previously from $5.50) on shares of Apollo Investment Corporation in a research report on Wednesday, August 9th. Two analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $6.25.

Apollo Investment Corporation (NASDAQ AINV) traded down 1.01% during mid-day trading on Friday, reaching $5.89. The company’s stock had a trading volume of 751,727 shares. Apollo Investment Corporation has a 1-year low of $5.65 and a 1-year high of $6.82. The firm has a 50 day moving average price of $6.15 and a 200-day moving average price of $6.36.

Apollo Investment Corporation (NASDAQ:AINV) last issued its earnings results on Friday, August 4th. The asset manager reported $0.15 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.15. The business had revenue of $66.70 million during the quarter, compared to analysts’ expectations of $65.19 million. Apollo Investment Corporation had a return on equity of 9.75% and a net margin of 33.04%. Apollo Investment Corporation’s revenue was down 12.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.17 earnings per share. Analysts predict that Apollo Investment Corporation will post $0.63 EPS for the current year.

ILLEGAL ACTIVITY NOTICE: “Apollo Investment Corporation’s (AINV) “Buy” Rating Reaffirmed at Jefferies Group LLC” was first posted by Daily Political and is the property of of Daily Political. If you are accessing this piece on another publication, it was copied illegally and republished in violation of international copyright laws. The correct version of this piece can be viewed at https://www.dailypolitical.com/2017/09/23/apollo-investment-corporations-ainv-buy-rating-reaffirmed-at-jefferies-group-llc.html.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Rhumbline Advisers boosted its position in Apollo Investment Corporation by 0.3% during the second quarter. Rhumbline Advisers now owns 16,708 shares of the asset manager’s stock valued at $107,000 after purchasing an additional 58 shares during the last quarter. Duncker Streett & Co. Inc. boosted its position in Apollo Investment Corporation by 0.3% during the second quarter. Duncker Streett & Co. Inc. now owns 64,433 shares of the asset manager’s stock valued at $412,000 after purchasing an additional 164 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in Apollo Investment Corporation by 0.9% during the second quarter. The Manufacturers Life Insurance Company now owns 18,016 shares of the asset manager’s stock valued at $115,000 after purchasing an additional 168 shares during the last quarter. Pinebridge Investments L.P. boosted its position in Apollo Investment Corporation by 0.7% during the second quarter. Pinebridge Investments L.P. now owns 63,452 shares of the asset manager’s stock valued at $405,000 after purchasing an additional 433 shares during the last quarter. Finally, GAM Holding AG boosted its position in Apollo Investment Corporation by 2.7% during the second quarter. GAM Holding AG now owns 16,652 shares of the asset manager’s stock valued at $106,000 after purchasing an additional 441 shares during the last quarter. 45.84% of the stock is owned by hedge funds and other institutional investors.

About Apollo Investment Corporation

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.

Analyst Recommendations for Apollo Investment Corporation (NASDAQ:AINV)

Receive News & Ratings for Apollo Investment Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apollo Investment Corporation and related companies with MarketBeat.com's FREE daily email newsletter.