Apollo Investment (NASDAQ:AINV) had its price objective dropped by analysts at Wells Fargo & Company from $13.75 to $13.25 in a research note issued to investors on Monday, Benzinga reports. The brokerage currently has an “equal weight” rating on the asset manager’s stock. Wells Fargo & Company‘s price target points to a potential downside of 1.12% from the company’s previous close.
Separately, Zacks Investment Research upgraded shares of Apollo Investment from a “sell” rating to a “hold” rating in a research note on Wednesday, October 6th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, Apollo Investment has an average rating of “Hold” and an average price target of $13.75.
AINV opened at $13.40 on Monday. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.41 and a quick ratio of 1.41. Apollo Investment has a 12-month low of $7.33 and a 12-month high of $15.27. The firm’s fifty day moving average price is $13.46 and its 200 day moving average price is $13.91. The stock has a market capitalization of $871.92 million, a PE ratio of 6.20 and a beta of 1.97.
Institutional investors have recently added to or reduced their stakes in the company. Pinz Capital Management LP bought a new position in shares of Apollo Investment during the first quarter worth about $126,000. TCI Wealth Advisors Inc. bought a new position in shares of Apollo Investment during the second quarter worth about $137,000. Keybank National Association OH bought a new position in shares of Apollo Investment during the second quarter worth about $141,000. Barclays PLC grew its position in shares of Apollo Investment by 15,990.8% during the first quarter. Barclays PLC now owns 10,459 shares of the asset manager’s stock worth $144,000 after acquiring an additional 10,394 shares during the last quarter. Finally, Squarepoint Ops LLC bought a new position in shares of Apollo Investment during the second quarter worth about $167,000. Institutional investors and hedge funds own 32.97% of the company’s stock.
Apollo Investment Company Profile
Apollo Investment Corporation (NASDAQ: AINV) , a Maryland corporation organized on February 2, 2004, is a closed-end, externally managed, non-diversified management investment company that has elected to be treated as a business development company (”BDC”) under the Investment Company Act of 1940 (the ”1940 Act”).
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