Apollo Investment Corp. Forecasted to Earn Q3 2019 Earnings of $0.15 Per Share (AINV)

Apollo Investment Corp. (NASDAQ:AINV) – Stock analysts at SunTrust Banks dropped their Q3 2019 earnings per share (EPS) estimates for Apollo Investment in a research report issued on Wednesday, October 31st. SunTrust Banks analyst M. Hughes now anticipates that the asset manager will post earnings per share of $0.15 for the quarter, down from their prior estimate of $0.16. SunTrust Banks also issued estimates for Apollo Investment’s Q1 2020 earnings at $0.18 EPS and Q3 2020 earnings at $0.16 EPS.

A number of other research firms also recently issued reports on AINV. Zacks Investment Research downgraded shares of Apollo Investment from a “hold” rating to a “sell” rating in a research report on Friday, August 10th. TheStreet downgraded shares of Apollo Investment from a “b-” rating to a “c” rating in a research report on Monday, August 13th. ValuEngine raised shares of Apollo Investment from a “sell” rating to a “hold” rating in a research report on Thursday, July 19th. National Securities reissued a “neutral” rating and set a $6.00 target price on shares of Apollo Investment in a research report on Wednesday, August 15th. Finally, Citigroup initiated coverage on shares of Apollo Investment in a research report on Thursday, August 23rd. They set a “sell” rating and a $5.00 target price for the company. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the stock. Apollo Investment currently has a consensus rating of “Hold” and a consensus target price of $6.08.



AINV opened at $5.13 on Thursday. The company has a market cap of $1.07 billion, a P/E ratio of 8.40, a price-to-earnings-growth ratio of 1.63 and a beta of 0.87. Apollo Investment has a 1 year low of $4.95 and a 1 year high of $6.18. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.81 and a quick ratio of 0.81.

Apollo Investment (NASDAQ:AINV) last posted its earnings results on Tuesday, October 30th. The asset manager reported $0.15 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.15. The firm had revenue of $66.03 million during the quarter, compared to the consensus estimate of $67.38 million. Apollo Investment had a net margin of 26.47% and a return on equity of 9.15%. The company’s revenue was down .6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.16 EPS.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wells Fargo & Company MN boosted its holdings in Apollo Investment by 8.0% in the 2nd quarter. Wells Fargo & Company MN now owns 4,291,447 shares of the asset manager’s stock worth $23,902,000 after acquiring an additional 317,111 shares during the period. Nomura Holdings Inc. boosted its holdings in Apollo Investment by 2.7% in the 2nd quarter. Nomura Holdings Inc. now owns 1,478,894 shares of the asset manager’s stock worth $8,237,000 after acquiring an additional 38,363 shares during the period. Van ECK Associates Corp boosted its holdings in Apollo Investment by 1.6% in the 2nd quarter. Van ECK Associates Corp now owns 1,446,508 shares of the asset manager’s stock worth $8,057,000 after acquiring an additional 22,521 shares during the period. Telemus Capital LLC boosted its holdings in Apollo Investment by 1.5% in the 3rd quarter. Telemus Capital LLC now owns 1,352,893 shares of the asset manager’s stock worth $7,360,000 after acquiring an additional 19,493 shares during the period. Finally, Legal & General Group Plc boosted its holdings in Apollo Investment by 9.3% in the 2nd quarter. Legal & General Group Plc now owns 876,078 shares of the asset manager’s stock worth $4,893,000 after acquiring an additional 74,246 shares during the period. Hedge funds and other institutional investors own 46.27% of the company’s stock.

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 9th. Shareholders of record on Monday, September 24th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 11.71%. The ex-dividend date was Friday, September 21st. Apollo Investment’s dividend payout ratio is presently 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.

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

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