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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Industry, Sector and Symbol
Industry Investment offices, not elsewhere classified
Sub-IndustryAsset Management & Custody Banks
SectorFinance
Phone212-515-3450
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$255.08 million
Profitability
Miscellaneous
EmployeesN/A
Next Earnings Date8/14/2019 (Estimated)
OptionableOptionable
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 declared a quarterly dividend on Thursday, May 16th. Investors of record on Thursday, June 20th will be given a dividend of $0.45 per share on Friday, July 5th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 11.04%. The ex-dividend date is Wednesday, June 19th. View Apollo Investment's Dividend History.
When did Apollo Investment's stock split? How did Apollo Investment's stock split work?
Apollo Investment's stock 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 market closes 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 has authorized a stock repurchase program on Wednesday, February 6th 2019, which allows the company to repurchase $50,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to purchase up to 4.5% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's board of directors believes its shares are undervalued.
How were Apollo Investment's earnings last quarter?
Apollo Investment Corp. (NASDAQ:AINV) issued its quarterly earnings data on Thursday, May, 16th. The asset manager reported $0.47 EPS for the quarter, beating the Zacks' consensus estimate of $0.45 by $0.02. The asset manager earned $61.41 million during the quarter, compared to the consensus estimate of $64.29 million. Apollo Investment had a return on equity of 9.48% and a net margin of 28.20%. The firm's quarterly revenue was down .1% on a year-over-year basis. During the same period in the prior year, the business earned $0.15 EPS. View Apollo Investment's Earnings History.
When is Apollo Investment's next earnings date?
What price target have analysts set for AINV?
5 brokers have issued twelve-month price targets for Apollo Investment's stock. Their predictions range from $14.00 to $21.00. On average, they anticipate Apollo Investment's stock price to reach $17.40 in the next year. This suggests a possible upside of 6.7% from the stock's current price. View Analyst Price Targets for Apollo Investment.
What is the consensus analysts' recommendation for Apollo Investment?
5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Apollo Investment in the last year. There are currently 3 hold ratings and 2 buy 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. 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)
- 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. " (5/16/2019)
Has Apollo Investment been receiving favorable news coverage?
Media stories about AINV stock have trended somewhat positive recently, according to InfoTrie. The research group ranks the sentiment of press coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Apollo Investment earned a media sentiment score of 1.4 on InfoTrie's scale. They also gave press coverage about the asset manager a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely 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 DNP Select Income Fund (DNP), Nuveen Municipal Value Fund (NUV), PIMCO Corporate&Income Opportunity Fund (PTY), Adams Diversified Equity Fund (ADX), Gabelli Equity Trust (GAB), Tri-Continental (TY), Royce Value Trust (RVT), Hercules Capital (HTGC), Liberty All-Star Equity Fund (USA), Tortoise Energy Infrastructure (TYG), Boulder Growth & Income Fund (BIF), PIMCO High Income Fund (PHK), AllianceBernstein Global Hgh Incm Fd (AWF), General American Investors (GAM) and Blackrock Muniyield Insured Fund (MYI).
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 institutional and retail investors. Top institutional shareholders include Thornburg Investment Management Inc. (11.84%), Wells Fargo & Company MN (2.75%), Telemus Capital LLC (0.83%), Confluence Investment Management LLC (0.62%), Callodine Capital Management LP (0.53%) and Camelot Portfolios LLC (0.42%). View Institutional Ownership Trends for Apollo Investment.
Which major investors are selling Apollo Investment stock?
AINV stock was sold by a variety of institutional investors in the last quarter, including Shelton Capital Management, Rational Advisors LLC, Camelot Portfolios LLC, Sumitomo Mitsui Asset Management Company LTD, Janney Montgomery Scott LLC, Dfpg Investments Inc., Patriot Financial Group Insurance Agency LLC and California Public Employees Retirement System. View Insider Buying and Selling for Apollo Investment.
Which major investors are buying Apollo Investment stock?
AINV stock was bought by a variety of institutional investors in the last quarter, including Wells Fargo & Company MN, Confluence Investment Management LLC, Callodine Capital Management LP, Telemus Capital LLC, Marshall Wace LLP, Alphasimplex Group LLC, Meridian Investment Counsel Inc. and Advisor Group Inc.. 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, Scottrade, Fidelity and Charles Schwab.
What is Apollo Investment's stock price today?
One share of AINV stock can currently be purchased for approximately $16.30.
How big of a company is Apollo Investment?
Apollo Investment has a market capitalization of $1.12 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?
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)
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.
