Apollo Investment Corp. (NASDAQ:AINV) – Equities researchers at SunTrust Banks dropped their FY2018 EPS estimates for Apollo Investment in a note issued to investors on Thursday. SunTrust Banks analyst D. Mewhirter now forecasts that the asset manager will post earnings per share of $0.61 for the year, down from their previous estimate of $0.62. SunTrust Banks has a “Buy” rating and a $6.50 price target on the stock.

Apollo Investment (NASDAQ:AINV) last issued its quarterly earnings data on Wednesday, February 7th. The asset manager reported $0.16 EPS for the quarter, meeting analysts’ consensus estimates of $0.16. Apollo Investment had a return on equity of 9.45% and a net margin of 28.18%. The firm had revenue of $64.75 million for the quarter, compared to analyst estimates of $65.94 million. During the same period in the prior year, the firm posted $0.17 EPS. The company’s revenue for the quarter was down 4.9% on a year-over-year basis.

Other analysts have also issued reports about the company. TheStreet raised Apollo Investment from a “c” rating to a “b-” rating in a report on Thursday, November 16th. Compass Point raised Apollo Investment from a “neutral” rating to a “buy” rating in a report on Friday, November 3rd. ValuEngine raised Apollo Investment from a “hold” rating to a “buy” rating in a report on Friday, December 1st. BMO Capital Markets reissued a “hold” rating and set a $6.00 target price on shares of Apollo Investment in a report on Wednesday, November 15th. Finally, National Securities reissued a “neutral” rating and set a $6.00 target price on shares of Apollo Investment in a report on Thursday, February 8th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $6.38.

Apollo Investment (NASDAQ AINV) traded up $0.09 on Monday, hitting $5.48. The stock had a trading volume of 549,400 shares, compared to its average volume of 1,000,772. The firm has a market cap of $1,200.00, a price-to-earnings ratio of 16.03, a P/E/G ratio of 1.73 and a beta of 0.88. Apollo Investment has a 12 month low of $5.30 and a 12 month high of $6.82. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.61.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 12th. Investors of record on Tuesday, March 27th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 10.95%. The ex-dividend date of this dividend is Monday, March 26th. Apollo Investment’s dividend payout ratio (DPR) is presently 176.47%.

Large investors have recently added to or reduced their stakes in the stock. Alpha Windward LLC acquired a new stake in Apollo Investment in the third quarter valued at about $462,000. Wells Fargo & Company MN boosted its stake in Apollo Investment by 4.5% in the third quarter. Wells Fargo & Company MN now owns 3,030,493 shares of the asset manager’s stock valued at $18,516,000 after buying an additional 129,374 shares in the last quarter. Commonwealth Equity Services Inc boosted its stake in Apollo Investment by 12.5% in the third quarter. Commonwealth Equity Services Inc now owns 302,986 shares of the asset manager’s stock valued at $1,851,000 after buying an additional 33,747 shares in the last quarter. Telemus Capital LLC boosted its stake in Apollo Investment by 34.9% in the third quarter. Telemus Capital LLC now owns 1,245,571 shares of the asset manager’s stock valued at $7,610,000 after buying an additional 322,123 shares in the last quarter. Finally, Hillsdale Investment Management Inc. boosted its stake in Apollo Investment by 20.2% in the third quarter. Hillsdale Investment Management Inc. now owns 306,400 shares of the asset manager’s stock valued at $1,872,000 after buying an additional 51,400 shares in the last quarter. 46.77% of the stock is currently owned by institutional investors and hedge funds.

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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.

Earnings History and Estimates for Apollo Investment (NASDAQ:AINV)

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