Bessemer Group Inc. continued to hold its position in Apollo Investment Corporation (NASDAQ:AINV) during the second quarter, according to its most recent disclosure with the SEC. The firm owned 442,833 shares of the asset manager’s stock at the end of the second quarter. Bessemer Group Inc.’s holdings in Apollo Investment Corporation were worth $2,830,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. Muzinich & Co. Inc. increased its position in Apollo Investment Corporation by 40.9% in the first quarter. Muzinich & Co. Inc. now owns 8,846,122 shares of the asset manager’s stock worth $58,031,000 after buying an additional 2,569,874 shares during the last quarter. Morgan Stanley increased its position in Apollo Investment Corporation by 1.6% in the first quarter. Morgan Stanley now owns 3,525,248 shares of the asset manager’s stock worth $23,125,000 after buying an additional 54,340 shares during the last quarter. Wells Fargo & Company MN increased its position in Apollo Investment Corporation by 5.6% in the first quarter. Wells Fargo & Company MN now owns 2,714,931 shares of the asset manager’s stock worth $17,809,000 after buying an additional 143,668 shares during the last quarter. UBS Group AG increased its position in Apollo Investment Corporation by 54.7% in the first quarter. UBS Group AG now owns 2,461,815 shares of the asset manager’s stock worth $16,150,000 after buying an additional 870,491 shares during the last quarter. Finally, Ares Management LLC increased its position in Apollo Investment Corporation by 2.7% in the first quarter. Ares Management LLC now owns 2,432,945 shares of the asset manager’s stock worth $15,960,000 after buying an additional 65,000 shares during the last quarter. Institutional investors own 46.36% of the company’s stock.
Shares of Apollo Investment Corporation (AINV) traded down 1.45% during trading on Friday, reaching $6.10. 1,351,331 shares of the company traded hands. The stock’s 50 day moving average price is $6.36 and its 200-day moving average price is $6.38. Apollo Investment Corporation has a 12 month low of $5.65 and a 12 month high of $6.82.
Apollo Investment Corporation (NASDAQ:AINV) last released its quarterly earnings data on Friday, August 4th. The asset manager reported $0.15 EPS for the quarter, meeting the consensus estimate of $0.15. The company had revenue of $66.70 million during the quarter, compared to the consensus estimate of $65.19 million. Apollo Investment Corporation had a return on equity of 9.75% and a net margin of 33.04%. The firm’s revenue for the quarter was down 12.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.17 EPS. On average, equities analysts anticipate that Apollo Investment Corporation will post $0.63 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 5th. Stockholders of record on Thursday, September 21st will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 9.84%. The ex-dividend date of this dividend is Wednesday, September 20th. Apollo Investment Corporation’s payout ratio is presently 150.00%.
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AINV has been the topic of a number of recent research reports. Bank of America Corporation restated an “underperform” rating and issued a $6.00 price target (up from $5.50) on shares of Apollo Investment Corporation in a research report on Wednesday, August 9th. BidaskClub cut shares of Apollo Investment Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. Zacks Investment Research raised shares of Apollo Investment Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, August 8th. BMO Capital Markets reissued a “hold” rating and set a $6.00 target price on shares of Apollo Investment Corporation in a research note on Thursday, May 18th. Finally, Keefe, Bruyette & Woods set a $7.00 price objective on shares of Apollo Investment Corporation and gave the stock a “hold” rating in a research note on Wednesday, May 31st. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. Apollo Investment Corporation currently has a consensus rating of “Hold” and a consensus target price of $6.33.
Apollo Investment Corporation Company Profile
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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