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NASDAQ:AINV - Apollo Investment Stock Price, Forecast & News

$17.34
+0.18 (+1.05 %)
(As of 12/12/2019 11:23 AM ET)
Today's Range
$17.21
Now: $17.34
$17.42
50-Day Range
$15.85
MA: $16.45
$17.19
52-Week Range
$12.05
Now: $17.34
$17.23
Volume113,050 shs
Average Volume409,289 shs
Market Capitalization$1.15 billion
P/E Ratio9.58
Dividend Yield10.48%
Beta1.11
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

Industry Investment offices, not elsewhere classified
Sub-IndustryAsset Management & Custody Banks
SectorFinance
Current SymbolNASDAQ:AINV
CUSIP03761U10
Phone212-515-3450

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$255.08 million
Cash Flow$1.92 per share
Book Value$18.97 per share

Profitability

Net Income$71.95 million

Miscellaneous

EmployeesN/A
Market Cap$1.15 billion
Next Earnings Date2/5/2020 (Estimated)
OptionableOptionable

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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, November 5th. Investors of record on Friday, December 20th will be paid a dividend of $0.45 per share on Monday, January 6th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 10.34%. The ex-dividend date of this dividend is Thursday, December 19th. View Apollo Investment's Dividend History.

When did Apollo Investment's stock split? How did Apollo Investment's stock split work?

Apollo Investment shares reverse split on 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 initiated a share repurchase plan 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 purchase up to 4.5% of its shares through open market purchases. Shares buyback plans are generally a sign that the company's board believes its shares are undervalued.

How were Apollo Investment's earnings last quarter?

Apollo Investment Corp. (NASDAQ:AINV) posted its earnings results on Tuesday, November, 5th. The asset manager reported $0.53 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.42 by $0.11. The asset manager had revenue of $70.32 million for the quarter, compared to analyst estimates of $68.67 million. Apollo Investment had a net margin of 23.47% and a return on equity of 10.39%. Apollo Investment's revenue was up 6.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.45 earnings per share. 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 Wednesday, February 5th 2020. View Earnings Estimates for Apollo Investment.

What price target have analysts set for AINV?

6 brokerages have issued 1 year price targets for Apollo Investment's shares. Their forecasts range from $14.00 to $18.00. On average, they anticipate Apollo Investment's share price to reach $16.50 in the next year. This suggests that the stock has a possible downside of 5.2%. View Analyst Price Targets for Apollo Investment.

What is the consensus analysts' recommendation for Apollo Investment?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Apollo Investment in the last year. There are currently 6 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. " (11/6/2019)
  • 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?

Press coverage about AINV stock has been trending negative this week, according to InfoTrie Sentiment Analysis. The research group identifies positive and negative news coverage by reviewing 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 media sentiment score of -3.0 on InfoTrie's scale. They also gave news stories about the asset manager a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the company's share price in the immediate future. View News Stories for Apollo Investment.

Who are some of Apollo Investment's key competitors?

What other stocks do shareholders of Apollo Investment own?

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 Management
  • Mr. 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 variety of of retail and institutional investors. Top institutional investors include Apollo Management Holdings L.P. (4.41%), Confluence Investment Management LLC (0.59%), Camelot Portfolios LLC (0.25%), California Public Employees Retirement System (0.23%), Commonwealth Equity Services LLC (0.14%) and Strategic Wealth Advisors Group LLC (0.11%). 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 Camelot Portfolios LLC, FNY Investment Advisers LLC, AE Wealth Management LLC, Commonwealth Equity Services LLC, Strategic Wealth Advisors Group LLC, Stifel Financial Corp, Janney Montgomery Scott LLC and Apollo Management Holdings L.P.. 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 Voloridge Investment Management LLC, California Public Employees Retirement System, Confluence Investment Management LLC, Cambridge Investment Research Advisors Inc., Steward Partners Investment Advisory LLC, Golden State Wealth Management LLC, Point72 Asset Management L.P. and SG Americas Securities 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 $17.41.

How big of a company is Apollo Investment?

Apollo Investment has a market capitalization of $1.16 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 investor[email protected]


MarketBeat Community Rating for Apollo Investment (NASDAQ AINV)

Community Ranking:  2.0 out of 5 (star star)
Outperform Votes:  274 (Vote Outperform)
Underperform Votes:  409 (Vote Underperform)
Total Votes:  683
MarketBeat'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 12/12/2019 by MarketBeat.com Staff

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