Centaurus Financial Inc. acquired a new stake in shares of Apollo Investment Corp. (NASDAQ:AINV) during the 2nd quarter, HoldingsChannel.com reports. The fund acquired 93,349 shares of the asset manager’s stock, valued at approximately $520,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Trexquant Investment LP raised its position in shares of Apollo Investment by 12.3% in the first quarter. Trexquant Investment LP now owns 92,382 shares of the asset manager’s stock valued at $482,000 after purchasing an additional 10,100 shares during the period. LSV Asset Management raised its position in shares of Apollo Investment by 4.0% in the second quarter. LSV Asset Management now owns 312,700 shares of the asset manager’s stock valued at $1,741,000 after purchasing an additional 12,100 shares during the period. Commonwealth Equity Services LLC raised its position in shares of Apollo Investment by 4.2% in the first quarter. Commonwealth Equity Services LLC now owns 300,550 shares of the asset manager’s stock valued at $1,568,000 after purchasing an additional 12,197 shares during the period. United Capital Financial Advisers LLC raised its position in shares of Apollo Investment by 46.2% in the first quarter. United Capital Financial Advisers LLC now owns 39,548 shares of the asset manager’s stock valued at $206,000 after purchasing an additional 12,500 shares during the period. Finally, DnB Asset Management AS raised its position in shares of Apollo Investment by 7.4% in the second quarter. DnB Asset Management AS now owns 207,091 shares of the asset manager’s stock valued at $1,156,000 after purchasing an additional 14,200 shares during the period. 46.33% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms have recently commented on AINV. ValuEngine raised shares of Apollo Investment from a “sell” rating to a “hold” rating in a research report on Thursday, July 19th. BidaskClub raised shares of Apollo Investment from a “hold” rating to a “buy” rating in a research report on Monday, June 18th. Zacks Investment Research lowered shares of Apollo Investment from a “buy” rating to a “hold” rating in a research report on Monday, May 21st. TheStreet raised shares of Apollo Investment from a “c” rating to a “b-” rating in a research report on Friday, June 8th. Finally, National Securities reissued a “neutral” rating and issued a $6.00 price target on shares of Apollo Investment in a research report on Monday, May 21st. Four investment analysts have rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $6.25.

Shares of Apollo Investment stock opened at $5.51 on Tuesday. The firm has a market capitalization of $1.19 billion, a PE ratio of 9.02, a P/E/G ratio of 1.82 and a beta of 0.89. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.81 and a current ratio of 0.81. Apollo Investment Corp. has a 1 year low of $5.18 and a 1 year high of $6.20.

Apollo Investment (NASDAQ:AINV) last announced its quarterly earnings data on Wednesday, August 8th. The asset manager reported $0.15 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.15. The business had revenue of $63.60 million for the quarter, compared to the consensus estimate of $62.38 million. Apollo Investment had a net margin of 27.90% and a return on equity of 9.20%. Apollo Investment’s quarterly revenue was down 4.6% on a year-over-year basis. During the same quarter last year, the company posted $0.15 earnings per share. sell-side analysts anticipate that Apollo Investment Corp. will post 0.61 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 9th. Stockholders of record on Monday, September 24th will be paid a $0.15 dividend. The ex-dividend date is Friday, September 21st. This represents a $0.60 annualized dividend and a dividend yield of 10.89%. Apollo Investment’s payout ratio is 98.36%.

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.

Further Reading: What Is An Exchange-Traded Fund (ETF)?

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

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