NASDAQ:AINV - Apollo Investment Stock Price, Forecast & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Apollo Investment Corp. Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $17.16 -0.08 (-0.46 %) (As of 02/17/2020 07:01 AM ET) Add Compare Today's Range$17.07Now: $17.16▼$17.2750-Day Range$17.00MA: $17.43▼$17.6552-Week Range$15.09Now: $17.16▼$18.33Volume428,621 shsAverage Volume471,231 shsMarket Capitalization$1.14 billionP/E Ratio18.86Dividend Yield10.49%Beta1.1 ProfileAnalyst RatingsAdvanced ChartDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsSocial Media Share on FacebookShare on TwitterShare on LinkedInShare on RedditShare on StocktwitsPrint this articleShare by Email 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… Industry, Sector and Symbol Stock Exchange NASDAQ Industry Investment offices, not elsewhere classified Sub-IndustryAsset Management & Custody Banks SectorFinance Current SymbolNASDAQ:AINV Previous Symbol CUSIP03761U10 CIK1278752 Webhttp://www.apolloic.com/ Phone212-515-3450Debt Debt-to-Equity Ratio1.47 Current Ratio1.35 Quick Ratio1.35Price-To-Earnings Trailing P/E Ratio18.86 Forward P/E Ratio8.41 P/E Growth8.43 Sales & Book Value Annual Sales$255.08 million Price / Sales4.48 Cash Flow$1.91 per share Price / Cash Flow9.00 Book Value$18.97 per share Price / Book0.90Profitability EPS (Most Recent Fiscal Year)$1.81 Net Income$71.95 million Net Margins23.63% Return on Equity10.96% Return on Assets4.99%Miscellaneous EmployeesN/A Outstanding Shares66,550,000Market Cap$1.14 billion Next Earnings Date5/21/2020 (Estimated) OptionableOptionable Receive AINV News and Ratings via Email Sign-up to receive the latest news and ratings for AINV and its competitors with MarketBeat's FREE daily newsletter. NASDAQ:AINV Rates by TradingView Apollo Investment (NASDAQ:AINV) Frequently Asked Questions What is Apollo Investment's stock symbol? Apollo Investment trades on the NASDAQ under the ticker symbol "AINV." How often does Apollo Investment pay dividends? What is the dividend yield for Apollo Investment? Apollo Investment announced a quarterly dividend on Tuesday, February 4th. Shareholders of record on Friday, March 20th will be given a dividend of $0.45 per share on Monday, April 6th. This represents a $1.80 dividend on an annualized basis and a yield of 10.49%. The ex-dividend date of this dividend is Thursday, March 19th. View Apollo Investment's Dividend History. When did Apollo Investment's stock split? How did Apollo Investment's stock split work? Shares of Apollo Investment reverse split on the morning of Friday, November 30th 2018. The 1-3 reverse split was announced on Tuesday, October 30th 2018. The number of shares owned by shareholders was adjusted after the closing bell on Thursday, November 29th 2018. An investor that had 100 shares of Apollo Investment stock prior to the reverse split would have 33 shares after the split. How will Apollo Investment's stock buyback program work? Apollo Investment declared that its Board of Directors has authorized a share buyback program on Wednesday, February 6th 2019, which allows the company to buyback $50,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to repurchase up to 4.5% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's leadership believes its stock is undervalued. How were Apollo Investment's earnings last quarter? Apollo Investment Corp. (NASDAQ:AINV) announced its quarterly earnings data on Tuesday, February, 4th. The asset manager reported $0.54 EPS for the quarter, topping analysts' consensus estimates of $0.46 by $0.08. The asset manager earned $68.48 million during the quarter, compared to analyst estimates of $71.49 million. Apollo Investment had a net margin of 23.63% and a return on equity of 10.96%. The firm's revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.45 EPS. View Apollo Investment's Earnings History. When is Apollo Investment's next earnings date? Apollo Investment is scheduled to release their next quarterly earnings announcement on Thursday, May 21st 2020. View Earnings Estimates for Apollo Investment. What price target have analysts set for AINV? 4 equities research analysts have issued twelve-month target prices for Apollo Investment's stock. Their forecasts range from $17.00 to $18.00. On average, they anticipate Apollo Investment's share price to reach $17.25 in the next year. This suggests a possible upside of 0.5% from the stock's current price. View Analyst Price Targets for Apollo Investment. What is the consensus analysts' recommendation for Apollo Investment? 4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Apollo Investment in the last year. There are currently 1 sell rating and 3 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Apollo Investment. What are Wall Street analysts saying about Apollo Investment stock? Here are some recent quotes from research analysts about Apollo Investment stock: 1. According to Zacks Investment Research, "Apollo Investment Corporation is a closed-end investment company that has elected to be treated as a business development company under the Investment Company Act of 1940. The Company's investment portfolio will be principally in middle-market private companies. " (2/10/2020) 2. National Securities analysts commented, "▪ AINV posted NII/share of $0.46 for F4Q19, a penny above both our estimate and the quarterly dividend. With the total return hurdle taking effect, the company did not earn an incentive fee. NAV/share was up 3 cents Q/Q to $19.06 but down 3.1% on the fiscal year from $19.67. Unrealized depreciation was led by Glacier with $17.0mm, Crowne Automotive with $7.1mm, Renew Financial with $6.6mm, and Dynamic Product Tankers with $6.3mm. ▪ Apollo had another strong quarter of originations with volume of $257.4mm versus repayments and sales of $151.6mm. In April, the reduced asset coverage became effective. The company is seeking to make loans with LIBOR spreads of between 500-700 bps and attachment points of 4.0x-5.5x. ▪ AINV is likely to continue to prioritize Midcap investments and co-invest across the platform targeting verticals that have higher barriers to entry such as lender finance, asset-based lending (ABL), and life sciences. The strategy shift was apparent in the new commitments with an average spread of 585 bps and 94% done with co-investment across the Apollo platform. ▪ We think that AINV is making good progress with its portfolio rotation, but the company is still targeting 10%-15% exposure to Merx Aviation, which ended F2019 at 15.7% of the book at cost. Additionally, oil and gas still remains a significant 8.3% of the portfolio at cost. Despite strides made by Apollo, issuer and industry concentration is likely to warrant a continued discount to NAV for shares, in our opinion. ▪ We are revising our fiscal 2020 NII/share estimate to $1.83 from $1.84 and are rolling out our fiscal 2021 NII/share estimate of $1.85. We are maintaining our NEUTRAL rating and $18 price target." (5/20/2019) Has Apollo Investment been receiving favorable news coverage? Media coverage about AINV stock has trended somewhat positive this week, InfoTrie Sentiment Analysis reports. InfoTrie scores the sentiment of press coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Apollo Investment earned a news impact score of 1.8 on InfoTrie's scale. They also assigned news coverage about the asset manager a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the stock's share price in the immediate future. View News Stories for Apollo Investment. Who are some of Apollo Investment's key competitors? Some companies that are related to Apollo Investment include BlackRock (BLK), Bank of New York Mellon (BK), State Street (STT), Ameriprise Financial (AMP), Northern Trust (NTRS), Franklin Resources (BEN), SEI Investments (SEIC), Ares Capital (ARCC), Invesco (IVZ), Eaton Vance (EV), Affiliated Managers Group (AMG), Federated Investors (FII), Legg Mason (LM), Cohen & Steers (CNS) and Main Street Capital (MAIN). What other stocks do shareholders of Apollo Investment own? Based on aggregate information from My MarketBeat watchlists, some companies that other Apollo Investment investors own include AGNC Investment (AGNC), Ares Capital (ARCC), Energy Transfer LP Unit (ET), Prospect Capital (PSEC), ANNALY CAP MGMT/SH (NLY), AT&T (T), iShares US Preferred Stock ETF (PFF), Alerian MLP ETF (AMLP), Verizon Communications (VZ) and Enterprise Products Partners (EPD). Who are Apollo Investment's key executives? Apollo Investment's management team includes the folowing people: Mr. John J. Hannan, Chairman (Age 67)Mr. Howard T. Widra, CEO & Director (Age 47)Mr. Tanner Powell, Pres & Chief Investment Officer of Apollo Investment ManagementMr. Gregory William Hunt, CFO & Treasurer (Age 62)Mr. Amit Joshi, VP, Chief Accounting Officer & Assistant Treasurer Who are Apollo Investment's major shareholders? Apollo Investment's stock is owned by a number of of institutional and retail investors. Top institutional investors include Thornburg Investment Management Inc. (8.83%), Van ECK Associates Corp (1.01%), Muzinich & Co. Inc. (0.93%), Telemus Capital LLC (0.90%), Confluence Investment Management LLC (0.62%) and Virtus ETF Advisers LLC (0.44%). View Institutional Ownership Trends for Apollo Investment. Which institutional investors are selling Apollo Investment stock? AINV stock was sold by a variety of institutional investors in the last quarter, including Thornburg Investment Management Inc., Schonfeld Strategic Advisors LLC, UBS Group AG, Muzinich & Co. Inc., Advisor Group Inc., Advisory Research Inc., Bank of America Corp DE and Guggenheim Capital LLC. View Insider Buying and Selling for Apollo Investment. Which institutional investors are buying Apollo Investment stock? AINV stock was bought by a variety of institutional investors in the last quarter, including Van ECK Associates Corp, Rafferty Asset Management LLC, Sequoia Financial Advisors LLC, Russell Investments Group Ltd., Lido Advisors LLC, Cubic Asset Management LLC, Ieq Capital LLC and Ieq Capital LLC. View Insider Buying and Selling for Apollo Investment. How do I buy shares of Apollo Investment? Shares of AINV can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab. What is Apollo Investment's stock price today? One share of AINV stock can currently be purchased for approximately $17.16. How big of a company is Apollo Investment? Apollo Investment has a market capitalization of $1.14 billion and generates $255.08 million in revenue each year. The asset manager earns $71.95 million in net income (profit) each year or $1.81 on an earnings per share basis. View Additional Information About Apollo Investment. What is Apollo Investment's official website? The official website for Apollo Investment is http://www.apolloic.com/. How can I contact Apollo Investment? Apollo Investment's mailing address is 9 West 57th Street 37th Floor, New York NY, 10019. The asset manager can be reached via phone at 212-515-3450 or via email at [email protected] MarketBeat Community Rating for Apollo Investment (NASDAQ AINV)Community Ranking: 2.0 out of 5 ( )Outperform Votes: 283 (Thanks for Voting!)Underperform Votes: 423 (Thanks for Voting!)Total Votes: 706MarketBeat's community ratings are surveys of what our community members think about Apollo Investment and other stocks. Vote "Outperform" if you believe AINV will outperform the S&P 500 over the long term. Vote "Underperform" if you believe AINV will underperform the S&P 500 over the long term. You may vote once every thirty days. This page was last updated on 2/17/2020 by MarketBeat.com StaffFeatured Article: What is the outlook for the FAANG stocks?
