Apollo Investment Corp. (NASDAQ:AINV) – Equities research analysts at Jefferies Financial Group increased their FY2020 EPS estimates for shares of Apollo Investment in a report released on Tuesday, November 5th. Jefferies Financial Group analyst K. Joseph now forecasts that the asset manager will post earnings of $1.93 per share for the year, up from their previous estimate of $1.85. Jefferies Financial Group also issued estimates for Apollo Investment’s Q2 2021 earnings at $0.46 EPS and Q4 2021 earnings at $0.46 EPS.

A number of other equities analysts have also weighed in on AINV. Wells Fargo & Co lowered Apollo Investment from an “outperform” rating to a “market perform” rating and set a $17.00 price objective for the company. in a research note on Wednesday, August 7th. TheStreet lowered Apollo Investment from a “b-” rating to a “c” rating in a research note on Wednesday. Compass Point lowered Apollo Investment from a “buy” rating to a “neutral” rating and set a $17.00 price target for the company. in a research note on Monday, September 16th. BidaskClub upgraded Apollo Investment from a “sell” rating to a “hold” rating in a research note on Saturday, October 19th. Finally, Zacks Investment Research upgraded Apollo Investment from a “sell” rating to a “hold” rating and set a $18.00 price target for the company in a research note on Wednesday. Eight research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $17.29.

Shares of NASDAQ AINV opened at $16.36 on Friday. The stock’s fifty day simple moving average is $15.93 and its two-hundred day simple moving average is $16.06. The stock has a market capitalization of $1.08 billion, a PE ratio of 9.04, a price-to-earnings-growth ratio of 8.77 and a beta of 1.09. Apollo Investment has a 12-month low of $12.05 and a 12-month high of $17.00. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.05.

Apollo Investment (NASDAQ:AINV) last announced its earnings results on Tuesday, November 5th. The asset manager reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.11. The business had revenue of $70.32 million for the quarter, compared to analysts’ expectations of $68.67 million. Apollo Investment had a return on equity of 10.28% and a net margin of 23.47%. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.45 EPS.

Several institutional investors have recently made changes to their positions in the stock. First Allied Advisory Services Inc. increased its stake in shares of Apollo Investment by 11.1% in the 3rd quarter. First Allied Advisory Services Inc. now owns 37,403 shares of the asset manager’s stock valued at $604,000 after purchasing an additional 3,727 shares in the last quarter. Dean Capital Investments Management LLC boosted its holdings in Apollo Investment by 45.1% in the 3rd quarter. Dean Capital Investments Management LLC now owns 21,191 shares of the asset manager’s stock worth $341,000 after buying an additional 6,586 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in Apollo Investment by 117.3% in the 3rd quarter. Tower Research Capital LLC TRC now owns 4,159 shares of the asset manager’s stock worth $67,000 after buying an additional 2,245 shares during the last quarter. SG Americas Securities LLC boosted its holdings in Apollo Investment by 35.5% in the 3rd quarter. SG Americas Securities LLC now owns 34,419 shares of the asset manager’s stock worth $554,000 after buying an additional 9,024 shares during the last quarter. Finally, California Public Employees Retirement System boosted its holdings in Apollo Investment by 38.9% in the 3rd quarter. California Public Employees Retirement System now owns 152,663 shares of the asset manager’s stock worth $2,456,000 after buying an additional 42,764 shares during the last quarter. Hedge funds and other institutional investors own 41.17% of the company’s stock.

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 6th. Investors of record on Friday, December 20th will be paid a $0.45 dividend. The ex-dividend date is Thursday, December 19th. This represents a $1.80 annualized dividend and a dividend yield of 11.00%. Apollo Investment’s dividend payout ratio is presently 99.45%.

About Apollo Investment

Apollo Investment Corporation is business development company specializing in middle market companies. It provides direct equity capital, mezzanine and senior secured loans, unsecured debt, and subordinated debt and loans. It also seeks to invest in PIPES transactions. The fund may also invest in securities of public companies that are thinly traded and may acquire investments in the secondary market and structured products.

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Earnings History and Estimates for Apollo Investment (NASDAQ:AINV)

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