Apollo Investment (NASDAQ:AINV) PT Lowered to $13.25

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.

Apollo Investment (NASDAQ:AINV) last released its earnings results on Wednesday, August 4th. The asset manager reported $0.39 earnings per share for the quarter, meeting the consensus estimate of $0.39. Apollo Investment had a net margin of 66.95% and a return on equity of 10.44%. The firm had revenue of $50.55 million during the quarter, compared to analyst estimates of $50.81 million. On average, equities research analysts forecast that Apollo Investment will post 1.43 earnings per share for the current fiscal year.

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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