Equities analysts forecast that Apollo Investment Corp. (NASDAQ:AINV) will post $0.15 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Apollo Investment’s earnings, with estimates ranging from $0.15 to $0.16. Apollo Investment posted earnings of $0.16 per share during the same quarter last year, which suggests a negative year over year growth rate of 6.3%. The business is scheduled to issue its next quarterly earnings report on Friday, November 2nd.

On average, analysts expect that Apollo Investment will report full year earnings of $0.61 per share for the current fiscal year, with EPS estimates ranging from $0.60 to $0.63. For the next fiscal year, analysts anticipate that the firm will report earnings of $0.67 per share, with EPS estimates ranging from $0.62 to $0.71. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that cover Apollo Investment.

Apollo Investment (NASDAQ:AINV) last issued its quarterly earnings results on Wednesday, August 8th. The asset manager reported $0.15 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.15. The business had revenue of $63.60 million for the quarter, compared to analysts’ expectations of $62.38 million. Apollo Investment had a net margin of 27.90% and a return on equity of 9.20%. The company’s revenue was down 4.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.15 EPS.

AINV has been the topic of several analyst reports. TheStreet upgraded shares of Apollo Investment from a “c” rating to a “b-” rating in a research note on Friday, June 8th. BidaskClub upgraded shares of Apollo Investment from a “hold” rating to a “buy” rating in a research note on Monday, June 18th. ValuEngine upgraded shares of Apollo Investment from a “sell” rating to a “hold” rating in a research note on Thursday, July 19th. Zacks Investment Research cut shares of Apollo Investment from a “buy” rating to a “hold” rating in a research note on Monday, May 21st. Finally, National Securities restated a “neutral” rating and set a $6.00 target price on shares of Apollo Investment in a research note on Monday, May 21st. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $6.38.

Shares of Apollo Investment stock remained flat at $$5.77 on Friday. 710,151 shares of the stock traded hands, compared to its average volume of 641,646. The stock has a market cap of $1.24 billion, a PE ratio of 9.46, a PEG ratio of 1.86 and a beta of 0.93. Apollo Investment has a 1-year low of $5.18 and a 1-year high of $6.37. The company has a quick ratio of 0.42, a current ratio of 0.81 and a debt-to-equity ratio of 0.79.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 9th. Investors of record on Monday, September 24th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 10.40%. The ex-dividend date is Friday, September 21st. Apollo Investment’s dividend payout ratio (DPR) is 98.36%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its holdings in Apollo Investment by 7.9% in the 4th quarter. BlackRock Inc. now owns 1,424,746 shares of the asset manager’s stock valued at $8,064,000 after acquiring an additional 104,715 shares during the last quarter. Deutsche Bank AG increased its holdings in Apollo Investment by 5.0% in the 4th quarter. Deutsche Bank AG now owns 407,027 shares of the asset manager’s stock valued at $2,303,000 after acquiring an additional 19,311 shares during the last quarter. Global X Management Co. LLC bought a new stake in Apollo Investment in the 1st quarter valued at $227,000. Wells Fargo & Company MN increased its holdings in Apollo Investment by 10.7% in the 1st quarter. Wells Fargo & Company MN now owns 3,974,336 shares of the asset manager’s stock valued at $20,747,000 after acquiring an additional 385,710 shares during the last quarter. Finally, Trexquant Investment LP increased its holdings in Apollo Investment by 12.3% in the 1st quarter. Trexquant Investment LP now owns 92,382 shares of the asset manager’s stock valued at $482,000 after acquiring an additional 10,100 shares during the last quarter. Institutional investors own 47.33% of the company’s stock.

About Apollo Investment

Apollo Investment Corporation is business development company specializing in middle market companies. It provides direct equity capital, mezzanine and senior secured loans, unsecured debt, and subordinated debt and loans. It also seeks to invest in PIPES transactions. The fund may also invest in securities of public companies that are thinly traded and may acquire investments in the secondary market and structured products.

Read More: How Do You Make Money With Penny Stocks?

Get a free copy of the Zacks research report on Apollo Investment (AINV)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Apollo Investment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apollo Investment and related companies with MarketBeat.com's FREE daily email newsletter.