December 1, 2016 - By kentuckypostne · 0 Comments
Apollo Investment Corp (NASDAQ:AINV) institutional sentiment decreased to 0.96 in 2016 Q2. Its down -0.15, from 1.11 in 2016Q1. The ratio dropped, as 72 funds started new or increased holdings, while 65 reduced and sold their stakes in Apollo Investment Corp. The funds in our partner’s database now possess: 92.58 million shares, up from 88.20 million shares in 2016Q1. Also, the number of funds holding Apollo Investment Corp in their top 10 holdings increased from 3 to 4 for an increase of 1. Sold All: 14 Reduced: 51 Increased: 62 New Position: 10.
Apollo Investment Corporation is a closed-end, externally managed, non-diversified management investment company. The company has a market cap of $1.33 billion. The Company’s investment objective is to generate current income and capital appreciation. It currently has negative earnings. It invests primarily in various forms of debt investments, including secured and unsecured debt, loan investments and/or equity in private middle-market companies.
About 1.82M shares traded hands or 10.30% up from the average. Apollo Investment Corp. (NASDAQ:AINV) has risen 6.39% since April 28, 2016 and is uptrending. It has outperformed by 0.46% the S&P500.
Analysts await Apollo Investment Corp. (NASDAQ:AINV) to report earnings on February, 14. They expect $0.16 EPS, down 23.81% or $0.05 from last year’s $0.21 per share. AINV’s profit will be $35.29 million for 9.42 P/E if the $0.16 EPS becomes a reality. After $0.18 actual EPS reported by Apollo Investment Corp. for the previous quarter, Wall Street now forecasts -11.11% negative EPS growth.
According to Zacks Investment Research, “Apollo Investment Corporation is a closed-end investment company that has elected to be treated as a business development company under the Investment Company Act of 1940. The Company’s investment portfolio will be principally in middle-market private companies.”
Muzinich & Co. Inc. holds 5.53% of its portfolio in Apollo Investment Corp. for 2.18 million shares. Integrated Wealth Counsel Llc owns 237,513 shares or 3.03% of their US portfolio. Moreover, Camelot Portfolios Llc has 2.76% invested in the company for 855,394 shares. The Illinois-based Graybill Bartz & Assoc Ltd has invested 1.85% in the stock. Apollo Management Holdings L.P., a New York-based fund reported 8.56 million shares.#img1#
Ratings analysis reveals 50% of Apollo Investment’s analysts are positive. Out of 12 Wall Street analysts rating Apollo Investment, 6 give it “Buy”, 1 “Sell” rating, while 5 recommend “Hold”. The lowest target is $5.75 while the high is $8.50. The stock’s average target of $7.02 is 16.42% above today’s ($6.03) share price. AINV was included in 15 notes of analysts from July 22, 2015. Wood downgraded the stock to “Market Perform” rating in Friday, May 20 report. The firm has “Neutral” rating given on Wednesday, September 30 by DA Davidson. The firm has “Buy” rating given on Monday, September 14 by UBS. The stock of Apollo Investment Corp. (NASDAQ:AINV) has “Buy” rating given on Tuesday, September 1 by Cantor Fitzgerald. The stock of Apollo Investment Corp. (NASDAQ:AINV) has “Equal Weight” rating given on Wednesday, July 22 by Barclays Capital. JMP Securities downgraded the stock to “Market Perform” rating in Thursday, February 11 report. The stock of Apollo Investment Corp. (NASDAQ:AINV) has “Neutral” rating given on Friday, August 21 by Citigroup. Maxim Group maintained the stock with “Buy” rating in Monday, August 10 report. The company was maintained on Sunday, August 9 by Cantor Fitzgerald. As per Thursday, February 11, the company rating was downgraded by Citigroup.
Apollo Investment Corporation, incorporated on February 2, 2004, 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. It may also invest in the securities of public companies and in structured products and other investments, such as collateralized loan obligations (CLOs) and credit-linked notes (CLNs). The Company’s portfolio also includes equity interests, such as common stock, preferred stock, warrants or options. While it primarily invests in investments in the United States secured and unsecured loans, other debt securities and equity, it may also invests a portion of the portfolio in other investment opportunities, including foreign securities and structured products. Most of the debt instruments the Company invests in are unrated or rated below investment grade, which is often an indication of size, credit worthiness and speculative nature relative to the capacity of the borrower to pay interest and principal.
More news for Apollo Investment Corp. (NASDAQ:AINV) were recently published by: Equitiesfocus.com, which released: “Apollo Investment Corporation (NASDAQ:AINV) Quarterly EPS From Continuing …” on May 30, 2016. Fool.com‘s article titled: “Apollo Investment Corporation: Weak Earnings Result in a Dividend Cut” and published on August 05, 2016 is yet another important article.
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