JPMorgan Chase & Co. lifted its position in shares of Apollo Investment Corp. (NASDAQ:AINV) by 6.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 162,576 shares of the asset manager’s stock after purchasing an additional 9,974 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.07% of Apollo Investment worth $977,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in the company. Rhumbline Advisers grew its holdings in shares of Apollo Investment by 0.3% during the 2nd quarter. Rhumbline Advisers now owns 16,708 shares of the asset manager’s stock worth $107,000 after purchasing an additional 58 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Apollo Investment by 0.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 18,016 shares of the asset manager’s stock worth $115,000 after purchasing an additional 168 shares in the last quarter. Pinebridge Investments L.P. boosted its stake in Apollo Investment by 0.7% in the 2nd quarter. Pinebridge Investments L.P. now owns 63,452 shares of the asset manager’s stock valued at $405,000 after buying an additional 433 shares in the last quarter. Green Square Capital LLC boosted its stake in Apollo Investment by 1.6% in the 2nd quarter. Green Square Capital LLC now owns 56,976 shares of the asset manager’s stock valued at $373,000 after buying an additional 919 shares in the last quarter. Finally, HighTower Advisors LLC boosted its stake in Apollo Investment by 8.8% in the 2nd quarter. HighTower Advisors LLC now owns 17,884 shares of the asset manager’s stock valued at $115,000 after buying an additional 1,451 shares in the last quarter. 46.42% of the stock is currently owned by institutional investors.

Apollo Investment Corp. (NASDAQ AINV) opened at $5.80 on Friday. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.61 and a quick ratio of 0.61. Apollo Investment Corp. has a 52-week low of $5.60 and a 52-week high of $6.82. The stock has a market capitalization of $1,260.41, a price-to-earnings ratio of 8.88, a price-to-earnings-growth ratio of 1.85 and a beta of 0.94.

Apollo Investment (NASDAQ:AINV) last issued its quarterly earnings data on Friday, November 3rd. The asset manager reported $0.16 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.16. Apollo Investment had a return on equity of 9.51% and a net margin of 29.87%. The firm had revenue of $66.46 million during the quarter, compared to the consensus estimate of $67.75 million. During the same quarter in the previous year, the company posted $0.18 EPS. The business’s revenue for the quarter was down 3.7% compared to the same quarter last year. equities research analysts expect that Apollo Investment Corp. will post 0.63 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 5th. Shareholders of record on Thursday, December 21st were given a $0.15 dividend. The ex-dividend date was Wednesday, December 20th. This represents a $0.60 annualized dividend and a yield of 10.34%. Apollo Investment’s payout ratio is 166.67%.

Several analysts recently commented on AINV shares. TheStreet raised Apollo Investment from a “c” rating to a “b-” rating in a research note on Thursday, November 16th. ValuEngine raised Apollo Investment from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. SunTrust Banks reaffirmed a “buy” rating on shares of Apollo Investment in a research note on Friday, November 3rd. Compass Point raised Apollo Investment from a “neutral” rating to a “buy” rating in a research note on Friday, November 3rd. Finally, Jefferies Group reaffirmed a “buy” rating and issued a $7.00 price target on shares of Apollo Investment in a research note on Friday, September 22nd. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company’s stock. Apollo Investment currently has a consensus rating of “Hold” and an average price target of $6.41.

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Apollo Investment 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.

Institutional Ownership by Quarter for Apollo Investment (NASDAQ:AINV)

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