About Apollo Investment Corp. (NASDAQ:AINV)
Apollo Investment Corporation is a closed-end, externally managed, non-diversified management investment company. The Company's investment objective is to generate current income and capital appreciation. It invests primarily in various forms of debt investments, including secured and unsecured debt, loan investments and/or equity in private middle-market companies. It may also invest in the securities of public companies and in structured products and other investments, such as collateralized loan obligations (CLOs) and credit-linked notes (CLNs). Its portfolio also includes equity interests, such as common stock, preferred stock, warrants or options. It invests in investments in the United States secured and unsecured loans, other debt securities and equity, and may also invests a portion of the portfolio in other investment opportunities, including foreign securities and structured products. Apollo Investment Management, L.P. is the investment advisor of the Company.
Industry, Sector and Symbol:
- Sector: Financials
- Industry: Closed End Funds
- Sub-Industry: Asset Management & Custody Banks
- Symbol: NASDAQ:AINV
- CUSIP: 03761U10
- Web: www.apolloic.com
- 50 Day Moving Avg: $6.02
- 200 Day Moving Avg: $6.31
- 52 Week Range: $5.65 - $6.82
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: 9.11
- P/E Growth: 3.19
- Annual Dividend: $0.60
- Dividend Yield: 10.0%
- Net Margins: 43.14%
- Return on Equity: 7.80%
- Return on Assets: 4.71%
- Debt-to-Equity Ratio: 0.62%
- Current Ratio: 0.64%
- Quick Ratio: 0.64%
- Average Volume: 813,877 shs.
- Beta: 0.92
Frequently Asked Questions for Apollo Investment Corp. (NASDAQ:AINV)
What is Apollo Investment Corp.'s stock symbol?
Apollo Investment Corp. trades on the NASDAQ under the ticker symbol "AINV."
How often does Apollo Investment Corp. pay dividends? What is the dividend yield for Apollo Investment Corp.?
Apollo Investment Corp. announced a quarterly dividend on Friday, August 4th. Shareholders of record on Thursday, September 21st will be given a dividend of $0.15 per share on Thursday, October 5th. This represents a $0.60 annualized dividend and a yield of 9.98%. The ex-dividend date is Wednesday, September 20th. View Apollo Investment Corp.'s Dividend History.
How were Apollo Investment Corp.'s earnings last quarter?
Apollo Investment Corp. (NASDAQ:AINV) released its earnings results on Friday, August, 4th. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.15 by $0.00. The company earned $66.70 million during the quarter, compared to the consensus estimate of $65.19 million. Apollo Investment Corp. had a net margin of 43.14% and a return on equity of 7.80%. Apollo Investment Corp.'s revenue was down 12.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.17 EPS. View Apollo Investment Corp.'s Earnings History.
When will Apollo Investment Corp. make its next earnings announcement?
Where is Apollo Investment Corp.'s stock going? Where will Apollo Investment Corp.'s stock price be in 2017?
6 brokerages have issued 12-month target prices for Apollo Investment Corp.'s shares. Their forecasts range from $6.00 to $7.00. On average, they anticipate Apollo Investment Corp.'s share price to reach $6.33 in the next year. View Analyst Ratings for Apollo Investment Corp..
What are analysts saying about Apollo Investment Corp. stock?
Here are some recent quotes from research analysts about Apollo Investment Corp. stock:
- 1. National Securities analysts commented, "• AINV reported NII/share of $0.15 for fiscal 1Q18, a penny shy of our estimate but covering the dividend. The portfolio at fair value had decent growth of 4% Q/Q with the company originating $330 million in investments.
• Non-accruals at amortized cost declined to $46.4 million or 1.9% of the portfolio from $183.1 million or 7.0% of the portfolio at amortized cost. We expect the company will have less non-accruals going forward and additionally will likely reduce concentration risk in the portfolio courtesy of co-investment being utilized more, in our opinion.
• Apollo also has verticals largely uncorrelated to traditional middle market lending such as aviation leasing, asset-based lending (ABL), and life sciences. These specialties should generate good deal flow with pricing that is impacted less overall than middle market lending alone.
• The market is likely to take a “show me” approach as Apollo continues to shift focus into what it seems are its core strategies. As a result of past NAV declines and dividend cuts, shares will be discounted until the company develops a track record of no or few non-accruals, leading to NAV stability and predictably high economic returns, in our opinion.
• We are revising our fiscal 2018 NII/share estimate to $0.65 from $0.65 and are maintaining our fiscal 2019 NII/share estimate of $0.66.
- 2. 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. " (8/8/2017)
Are investors shorting Apollo Investment Corp.?
Apollo Investment Corp. saw a decline in short interest in the month of September. As of September 15th, there was short interest totalling 1,438,234 shares, a decline of 37.7% from the August 31st total of 2,307,984 shares. Based on an average daily trading volume, of 972,641 shares, the days-to-cover ratio is currently 1.5 days. Currently, 0.7% of the shares of the company are sold short.
Who are some of Apollo Investment Corp.'s key competitors?
Some companies that are related to Apollo Investment Corp. include Prospect Capital Corporation (PSEC), 3i Infrastructure PLC (3IN), FS Investment Corporation (FSIC), Tortoise Energy Infrastructure Corporation (TYG), TPG Specialty Lending (TSLX), Liberty All-Star Equity Fund (USA), Hercules Capital (HTGC), Eaton Vance Tax Managed Buy Write Opport (ETV), TCP Capital Corp. (TCPC), Solar Capital (SLRC), Ithaca Energy (IAE), Invesco California Value Municipal Income Trust (VCV), Triangle Capital Corporation (TCAP), PennantPark Investment Corporation (PNNT), PennantPark Floating Rate Capital (PFLT), Foresight Solar Fund Ltd (FSFL), MFS Charter Income Trust (MCR) and TICC Capital Corp. (TICC).
Who are Apollo Investment Corp.'s key executives?
Apollo Investment Corp.'s management team includes the folowing people:
- John J. Hannan, Chairman of the Board
- Howard T. Widra, President
- James C. Zelter, Chief Executive Officer, Director
- Gregory William Hunt, Chief Financial Officer, Treasurer
- Amit Joshi, Chief Accounting Officer
- Cindy Z. Michel, Vice President, Chief Compliance Officer
- Joseph D. Glatt Esq., Chief Legal Officer, Secretary and Vice President
- Elliot Stein Jr., Lead Independent Director
- Bradley J. Wechsler, Director
- Jeanette Loeb, Independent Director
Who owns Apollo Investment Corp. stock?
Apollo Investment Corp.'s stock is owned by a variety of of retail and institutional investors. Top institutional investors include Alpha Windward LLC (0.00%). Company insiders that own Apollo Investment Corp. stock include Elliot Stein Jr, Frank C Puleo, Hilary E Ackermann, Howard Widra and James C Zelter. View Institutional Ownership Trends for Apollo Investment Corp..
Who bought Apollo Investment Corp. stock? Who is buying Apollo Investment Corp. stock?
Apollo Investment Corp.'s stock was acquired by a variety of institutional investors in the last quarter, including Alpha Windward LLC. Company insiders that have bought Apollo Investment Corp. stock in the last two years include Elliot Stein Jr, Frank C Puleo, Hilary E Ackermann, Howard Widra and James C Zelter. View Insider Buying and Selling for Apollo Investment Corp..
How do I buy Apollo Investment Corp. stock?
Shares of Apollo Investment Corp. can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Apollo Investment Corp.'s stock price today?
MarketBeat Community Rating for Apollo Investment Corp. (NASDAQ AINV)MarketBeat's community ratings are surveys of what our community members think about Apollo Investment Corp. and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Apollo Investment Corp. stock can currently be purchased for approximately $6.01.
Consensus Ratings for Apollo Investment Corp. (NASDAQ:AINV) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||1 Sell Rating, 4 Hold Ratings, 1 Buy Rating|
|Consensus Rating:||Hold (Score: 2.00)|
|Consensus Price Target: ||$6.33 (5.38% upside)|Consensus Price Target History for Apollo Investment Corp. (NASDAQ:AINV)
Analysts' Ratings History for Apollo Investment Corp. (NASDAQ:AINV)
(Data available from 10/22/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|10/5/2017||Keefe, Bruyette & Woods||Set Price Target||Hold||$7.00||N/A|
|9/22/2017||Jefferies Group LLC||Reiterated Rating||Buy||$7.00||Low|
|8/9/2017||Bank of America Corporation||Reiterated Rating||Underperform||$5.50 -> $6.00||Medium|
|8/9/2017||National Securities||Reiterated Rating||Neutral||$6.00||Low|
|5/18/2017||BMO Capital Markets||Reiterated Rating||Hold||$6.00||Medium|
|11/9/2016||Barclays PLC||Reiterated Rating||Hold||$6.00||N/A|
|5/20/2016||BB&T Corporation||Downgrade||Buy -> Hold||N/A|
|2/11/2016||JMP Securities||Downgrade||Outperform -> Market Perform||N/A|
|2/10/2016||SunTrust Banks, Inc.||Lower Price Target||Buy||$7.50 -> $7.00||N/A|
|2/10/2016||Maxim Group||Lower Price Target||Buy||$8.00 -> $7.50||N/A|
|2/10/2016||Citigroup Inc.||Downgrade||Neutral -> Sell||N/A|
|2/10/2016||Cantor Fitzgerald||Reiterated Rating||Hold||$6.00||N/A|
|11/6/2015||Royal Bank Of Canada||Lower Price Target||Outperform||$9.00 -> $8.00||N/A|
|11/6/2015||J P Morgan Chase & Co||Lower Price Target||Neutral||$7.00 -> $6.00||N/A|
Earnings History for Apollo Investment Corp. (NASDAQ:AINV)Earnings History by Quarter for Apollo Investment Corp. (NASDAQ AINV)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|8/4/2017||Q1 2018||$0.15||$0.15||$65.19 million||$66.70 million||View||N/A|
|5/18/2017||3/31/2017||$0.16||$0.17||$68.89 million||$66.30 million||View||N/A|
|2/6/2017||Q317||$0.16||$0.17||$69.67 million||$68.07 million||View||Listen|
|11/8/2016||Q217||$0.17||$0.18||$73.63 million||$69.03 million||View||Listen|
|8/5/2016||Q117||$0.19||$0.17||$85.05 million||$76.47 million||View||N/A|
|5/19/2016||Q416||$0.21||$0.20||$90.08 million||$85.30 million||View||Listen|
|2/9/2016||Q316||$0.21||$0.21||$94.57 million||$94.33 million||View||N/A|
|11/5/2015||Q216||$0.21||$0.21||$99.31 million||$98.42 million||View||N/A|
|8/6/2015||Q116||$0.21||$0.22||$102.14 million||$101.66 million||View||N/A|
|5/19/2015||Q415||$0.22||$0.22||$102.14 million||$102.12 million||View||Listen|
|2/5/2015||Q315||$0.22||$0.24||$106.20 million||$110.00 million||View||N/A|
|11/6/2014||Q215||$0.23||$0.28||$105.42 million||$118.91 million||View||N/A|
|8/7/2014||Q115||$0.22||$0.22||$101.72 million||$102.58 million||View||N/A|
|5/20/2014||Q414||$0.21||$0.22||$95.07 million||$96.40 million||View||N/A|
|2/6/2014||Q314||$0.21||$0.22||$91.90 million||$94.60 million||View||N/A|
|11/8/2013||Q214||$0.21||$0.33||$92.98 million||$93.70 million||View||N/A|
|8/8/2013||Q1 2014||$0.20||$0.25||$84.54 million||View||N/A|
|5/23/2013||Q4 2013||$0.21||$0.31||$83.66 million||View||N/A|
|2/6/2013||Q3 2013||$0.21||$0.21||$80.56 million||$83.20 million||View||N/A|
|11/8/2012||Q212||$0.21||$0.22||$82.72 million||$83.83 million||View||N/A|
Earnings Estimates for Apollo Investment Corp. (NASDAQ:AINV)
2017 EPS Consensus Estimate: $0.72
2018 EPS Consensus Estimate: $0.62
2019 EPS Consensus Estimate: $0.63
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Apollo Investment Corp. (NASDAQ:AINV)
|Most Recent Dividend:||10/5/2017|
|Payout Ratio:||150.00% (Trailing 12 Months of Earnings) |
95.24% (Based on This Year's Estimates)
90.91% (Based on Next Year's Estimates)
Dividend History by Quarter for Apollo Investment Corp. (NASDAQ AINV)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Apollo Investment Corp. (NASDAQ:AINV)
Insider Ownership Percentage: 0.32%Insider Trades by Quarter for Apollo Investment Corp. (NASDAQ:AINV)
Institutional Ownership Percentage: 45.84%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|8/17/2016||Hilary E Ackermann||Director||Buy||6,000||$6.02||$36,120.00|| |
|8/17/2016||Howard Widra||President||Buy||5,000||$6.02||$30,100.00|| |
|8/16/2016||Frank C Puleo||Director||Buy||4,180||$6.01||$25,121.80|| |
|8/15/2016||Elliot Stein Jr||Director||Buy||3,000||$5.96||$17,880.00|| |
|8/8/2016||James C Zelter||CEO||Buy||20,000||$5.58||$111,600.00|| |
|6/10/2016||Hilary E Ackermann||Director||Buy||4,000||$5.47||$21,880.00|| |
|8/11/2015||Edward J Goldthorpe||President||Buy||10,000||$6.88||$68,800.00|| |
|12/16/2014||Edward J Goldthorpe||President||Buy||10,000||$7.34||$73,400.00|| |
|6/12/2014||Gregory W Hunt||CFO||Buy||2,856||$8.48||$24,218.88|| |
|6/2/2014||Rudolph R Reinfrank||Director||Buy||5,000||$8.34||$41,700.00|| |
|5/27/2014||Frank C Puleo||Director||Buy||3,087||$8.38||$25,869.06|| |
|2/28/2014||Edward Goldthorpe||President||Buy||10,000||$8.64||$86,400.00|| |
|2/28/2014||Jeanette Loeb||Director||Buy||13,500||$8.62||$116,370.00|| |
|2/10/2014||Gregory Hunt||CFO||Buy||10,000||$8.36||$83,600.00|| |
|6/6/2013||James C Zelter||CEO||Buy||20,000||$7.96||$159,200.00|| |
|2/8/2013||James C Zelter||CEO||Buy||10,000||$8.35||$83,500.00|| |
Headline Trends for Apollo Investment Corp. (NASDAQ:AINV)
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Apollo Investment Corp. (AINV) Chart for Sunday, October, 22, 2017