Muzinich & Co. Inc. increased its holdings in Apollo Investment Corporation (NASDAQ:AINV) by 8.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,566,415 shares of the asset manager’s stock after purchasing an additional 720,293 shares during the quarter. Apollo Investment Corporation accounts for 5.3% of Muzinich & Co. Inc.’s holdings, making the stock its 5th biggest position. Muzinich & Co. Inc.’s holdings in Apollo Investment Corporation were worth $61,129,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. SG Americas Securities LLC raised its holdings in shares of Apollo Investment Corporation by 20.2% during the second quarter. SG Americas Securities LLC now owns 256,451 shares of the asset manager’s stock valued at $1,639,000 after acquiring an additional 43,138 shares during the period. Morgan Stanley raised its holdings in shares of Apollo Investment Corporation by 1.6% during the first quarter. Morgan Stanley now owns 3,525,248 shares of the asset manager’s stock valued at $23,125,000 after acquiring an additional 54,340 shares during the period. Green Square Capital LLC raised its holdings in shares of Apollo Investment Corporation by 2.6% during the first quarter. Green Square Capital LLC now owns 56,057 shares of the asset manager’s stock valued at $376,000 after acquiring an additional 1,394 shares during the period. Shelton Capital Management acquired a new stake in shares of Apollo Investment Corporation during the first quarter valued at approximately $492,000. Finally, Stifel Financial Corp raised its holdings in shares of Apollo Investment Corporation by 12.3% during the first quarter. Stifel Financial Corp now owns 177,462 shares of the asset manager’s stock valued at $1,167,000 after acquiring an additional 19,507 shares during the period. Institutional investors and hedge funds own 45.84% of the company’s stock.

A number of equities research analysts have recently issued reports on the stock. National Securities restated a “neutral” rating and set a $6.00 price target on shares of Apollo Investment Corporation in a report on Wednesday, August 9th. Zacks Investment Research raised shares of Apollo Investment Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, August 8th. BidaskClub downgraded shares of Apollo Investment Corporation from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 19th. Bank of America Corporation reaffirmed an “underperform” rating and set a $6.00 price objective (up from $5.50) on shares of Apollo Investment Corporation in a research report on Wednesday, August 9th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $7.00 price objective on shares of Apollo Investment Corporation in a research report on Friday. Two analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. Apollo Investment Corporation has an average rating of “Hold” and an average target price of $6.25.

Apollo Investment Corporation (NASDAQ:AINV) last issued its quarterly earnings results on Friday, August 4th. The asset manager reported $0.15 earnings per share for the quarter, hitting the consensus estimate of $0.15. The company had revenue of $66.70 million during the quarter, compared to analysts’ expectations of $65.19 million. Apollo Investment Corporation had a net margin of 33.04% and a return on equity of 9.75%. The business’s quarterly revenue was down 12.8% on a year-over-year basis. During the same period last year, the business earned $0.17 EPS.

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 5th. Investors of record on Thursday, September 21st will be paid a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, September 20th. This represents a $0.60 annualized dividend and a dividend yield of 10.19%. Apollo Investment Corporation’s dividend payout ratio is presently 150.00%.

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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.

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Institutional Ownership by Quarter for Apollo Investment Corporation (NASDAQ:AINV)

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