Apollo Tactical Income Fund (NYSE:AIF) PT Raised to $41.00 at TD Securities

Apollo Tactical Income Fund (NYSE:AIF) had its price objective raised by stock analysts at TD Securities from $39.00 to $41.00 in a research report issued on Friday, Stock Target Advisor reports. The brokerage currently has a “buy” rating on the stock. TD Securities’ price objective indicates a potential upside of 177.78% from the stock’s previous close.

Several other analysts have also issued reports on the company. National Bank Financial lowered Apollo Tactical Income Fund from an “outperform” rating to a “sector perform” rating and set a $40.00 target price on the stock. in a report on Wednesday, October 23rd. BMO Capital Markets upped their target price on Apollo Tactical Income Fund from $38.00 to $40.00 in a report on Friday. CIBC upped their target price on Apollo Tactical Income Fund from $26.00 to $30.00 in a report on Tuesday, October 29th. Royal Bank of Canada upped their target price on Apollo Tactical Income Fund from $39.00 to $44.00 and gave the stock an “outperform” rating in a report on Friday. Finally, Canaccord Genuity upped their target price on Apollo Tactical Income Fund from $40.00 to $44.00 in a report on Friday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $39.00.

AIF opened at $14.76 on Friday. Apollo Tactical Income Fund has a 52-week low of $12.95 and a 52-week high of $15.34. The business’s 50-day simple moving average is $14.85 and its 200 day simple moving average is $14.80.

A number of hedge funds and other institutional investors have recently made changes to their positions in AIF. First Trust Advisors LP increased its position in Apollo Tactical Income Fund by 3.8% during the first quarter. First Trust Advisors LP now owns 78,704 shares of the company’s stock worth $1,156,000 after buying an additional 2,904 shares during the last quarter. Capital Investment Advisors LLC increased its position in Apollo Tactical Income Fund by 16.7% during the second quarter. Capital Investment Advisors LLC now owns 43,400 shares of the company’s stock worth $640,000 after buying an additional 6,200 shares during the last quarter. Mid Atlantic Financial Management Inc. ADV increased its position in Apollo Tactical Income Fund by 75.2% during the second quarter. Mid Atlantic Financial Management Inc. ADV now owns 18,400 shares of the company’s stock worth $271,000 after buying an additional 7,900 shares during the last quarter. Wells Fargo & Company MN increased its position in Apollo Tactical Income Fund by 9.4% during the second quarter. Wells Fargo & Company MN now owns 847,367 shares of the company’s stock worth $12,499,000 after buying an additional 72,589 shares during the last quarter. Finally, Shaker Financial Services LLC increased its position in Apollo Tactical Income Fund by 3.0% during the second quarter. Shaker Financial Services LLC now owns 288,384 shares of the company’s stock worth $4,254,000 after buying an additional 8,497 shares during the last quarter.

Apollo Tactical Income Fund Company Profile

Apollo Tactical Income Fund Inc is a closed-ended fixed income fund launched and managed by Apollo Credit Management, LLC. The fund invests in fixed income markets. It primarily invests in senior secured loans including floating rate senior loans, high yield corporate bonds, and other credit instruments of varying maturities made to companies whose debt is typically rated below investment grade.

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