Quantitative Investment Management LLC Sells 71,600 Shares of Apollo Investment Corporation (AINV)
Quantitative Investment Management LLC reduced its holdings in Apollo Investment Corporation (NASDAQ:AINV) by 56.3% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 55,600 shares of the asset manager’s stock after selling 71,600 shares during the quarter. Quantitative Investment Management LLC’s holdings in Apollo Investment Corporation were worth $355,000 as of its most recent filing with the SEC.
Other institutional investors have also bought and sold shares of the company. Karp Capital Management Corp acquired a new position in shares of Apollo Investment Corporation in the 1st quarter valued at about $101,000. Atria Investments LLC bought a new stake in shares of Apollo Investment Corporation during the 2nd quarter valued at about $103,000. GAM Holding AG grew its position in shares of Apollo Investment Corporation by 2.7% during the 2nd quarter. GAM Holding AG now owns 16,652 shares of the asset manager’s stock valued at $106,000 after buying an additional 441 shares during the last quarter. Rhumbline Advisers grew its position in shares of Apollo Investment Corporation by 0.3% during the 2nd quarter. Rhumbline Advisers now owns 16,708 shares of the asset manager’s stock valued at $107,000 after buying an additional 58 shares during the last quarter. Finally, Essex Financial Services Inc. bought a new stake in shares of Apollo Investment Corporation during the 2nd quarter valued at about $112,000. Institutional investors own 45.84% of the company’s stock.
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Shares of Apollo Investment Corporation (NASDAQ AINV) opened at 6.14 on Tuesday. Apollo Investment Corporation has a 12-month low of $5.65 and a 12-month high of $6.82. The company has a 50 day moving average of $6.05 and a 200-day moving average of $6.34.
Apollo Investment Corporation (NASDAQ:AINV) last announced its quarterly earnings results on Friday, August 4th. The asset manager reported $0.15 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.15. The business had revenue of $66.70 million for the quarter, compared to analyst estimates 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 quarterly revenue was down 12.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.17 EPS. Equities research analysts predict that Apollo Investment Corporation will post $0.63 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 5th. Shareholders of record on Thursday, September 21st will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, September 20th. This represents a $0.60 annualized dividend and a yield of 9.77%. Apollo Investment Corporation’s dividend payout ratio is currently 150.00%.
Several equities research analysts recently weighed in on the stock. National Securities reiterated a “neutral” rating and set a $6.00 price objective on shares of Apollo Investment Corporation in a research note on Wednesday, August 9th. Zacks Investment Research upgraded Apollo Investment Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, August 8th. BidaskClub lowered Apollo Investment Corporation from a “sell” rating to a “strong sell” rating in a report on Saturday, August 19th. Bank of America Corporation reaffirmed an “underperform” rating and set a $6.00 target price (up from $5.50) on shares of Apollo Investment Corporation in a report on Wednesday, August 9th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $7.00 target price on shares of Apollo Investment Corporation in a report on Friday, September 22nd. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. Apollo Investment Corporation presently has an average rating of “Hold” and a consensus price target of $6.25.
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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