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: Finance
- Industry: Closed End Funds
- Sub-Industry: Asset Management & Custody Banks
- Symbol: NASDAQ:AINV
- CUSIP: 03761U10
- Web: www.apolloic.com
- 50 Day Moving Avg: $6.38
- 200 Day Moving Avg: $6.34
- 52 Week Range: $5.42 - $6.82
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: 9.92
- P/E Growth: 3.32
- Annual Dividend: $0.60
- Dividend Yield: 9.4%
- Net Margins: 6.56%
- Return on Equity: 9.81%
- Return on Assets: 5.69%
- Debt-to-Equity Ratio: 0.57%
- Current Ratio: 1.02%
- Quick Ratio: 1.02%
- Average Volume: 788,500 shs.
- Beta: 0.9
Frequently Asked Questions for Apollo Investment Corporation (NASDAQ:AINV)
What is Apollo Investment Corporation's stock symbol?
Apollo Investment Corporation trades on the NASDAQ under the ticker symbol "AINV."
How often does Apollo Investment Corporation pay dividends? What is the dividend yield for Apollo Investment Corporation?
Apollo Investment Corporation declared a quarterly dividend on Friday, May 19th. Investors of record on Wednesday, June 21st will be paid a dividend of $0.15 per share on Thursday, July 6th. This represents a $0.60 dividend on an annualized basis and a yield of 9.45%. The ex-dividend date of this dividend is Monday, June 19th. View Apollo Investment Corporation's Dividend History.
How were Apollo Investment Corporation's earnings last quarter?
Apollo Investment Corporation (NASDAQ:AINV) posted its quarterly earnings results on Thursday, May, 18th. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.16 by $0.01. The business had revenue of $66.30 million for the quarter, compared to analyst estimates of $68.89 million. Apollo Investment Corporation had a return on equity of 9.81% and a net margin of 6.56%. The business's quarterly revenue was down 22.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.20 EPS. View Apollo Investment Corporation's Earnings History.
When will Apollo Investment Corporation make its next earnings announcement?
Where is Apollo Investment Corporation's stock going? Where will Apollo Investment Corporation's stock price be in 2017?
5 equities research analysts have issued 12-month price objectives for Apollo Investment Corporation's stock. Their predictions range from $6.00 to $7.00. On average, they expect Apollo Investment Corporation's stock price to reach $6.40 in the next twelve months. View Analyst Ratings for Apollo Investment Corporation.
What are analysts saying about Apollo Investment Corporation stock?
Here are some recent quotes from research analysts about Apollo Investment Corporation 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. " (7/19/2017)
- 2. National Securities analysts commented, "• Apollo’s NII/share of $0.17 for fiscal 4Q17 matched our own estimate and exceeded consensus estimates by a penny. The company’s portfolio at fair value decreased by 8.3% Q/Q to $2.32 billion largely as a result of sales and repayments of $344.8 million versus originations of $149.4 million. Management commented that thus far in the 6/30/17 quarter balance sheet leverage is within the company’s targeted range of 0.60x-0.70x, from 0.59x at the end of fiscal 2017, and thus we expect modest portfolio growth in fiscal 1Q18 and the remainder of fiscal 2018.
• Net realized losses during the quarter of $86.5 million drove the sequential 1.7% NAV/share decline to $6.74, partially offset by unrealized appreciation of $57.3 million. Realized losses were driven by Garden Fresh, Solarplicity, Osage Exploration & Development, and Aveta. For fiscal 2017, NAV/share decreased to $6.74 from $7.28 Y/Y, driving economic return of 1.6%. We model NAV/share to finish fiscal 2018 at $6.65 and fiscal 2019 at $6.79 and accordingly model economic return to improve to 7.5% and 11.2%, respectively.
• We are revising our fiscal 2018 NII/share estimate to $0.67 from $0.65 and are rolling out our fiscal 2019 NII/share estimate of $0.66. " (5/18/2017)
Who are some of Apollo Investment Corporation's key competitors?
Some companies that are related to Apollo Investment Corporation include FS Investment Corporation (FSIC), 3i Infrastructure PLC (3IN), Tortoise Energy Infrastructure Corporation (TYG), TPG Specialty Lending (TSLX), Golub Capital BDC (GBDC), Liberty All-Star Equity Fund (USA), Hercules Capital (HTGC), New Mountain Finance Corporation (NMFC), TCP Capital Corp. (TCPC), Solar Capital (SLRC), Triangle Capital Corporation (TCAP), Ithaca Energy (IAE), Invesco California Value Municipal Income Trust (VCV), BlackRock Capital Investment Corporation (BKCC), PennantPark Investment Corporation (PNNT), PennantPark Floating Rate Capital (PFLT), Foresight Solar Fund Ltd (FSFL) and Fidus Investment Corporation (FDUS).
Who are Apollo Investment Corporation's key executives?
Apollo Investment Corporation'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 Corporation stock?
Apollo Investment Corporation's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Bank of Montreal Can (0.00%), Confluence Investment Management LLC (0.00%), DnB Asset Management AS (0.00%), James Investment Research Inc. (0.00%), Manning & Napier Advisors LLC (0.00%) and Regent Investment Management LLC (0.00%). Company insiders that own Apollo Investment Corporation stock include Edward J Goldthorpe, Elliot Stein Jr, Frank C Puleo, Hilary E Ackermann, Howard Widra and James C Zelter. View Institutional Ownership Trends for Apollo Investment Corporation.
Who sold Apollo Investment Corporation stock? Who is selling Apollo Investment Corporation stock?
Apollo Investment Corporation's stock was sold by a variety of institutional investors in the last quarter, including Bank of Montreal Can, Creative Planning, DnB Asset Management AS, Eqis Capital Management Inc., Regent Investment Management LLC and Hollencrest Securities LLC. View Insider Buying and Selling for Apollo Investment Corporation.
Who bought Apollo Investment Corporation stock? Who is buying Apollo Investment Corporation stock?
Apollo Investment Corporation's stock was acquired by a variety of institutional investors in the last quarter, including James Investment Research Inc., Atria Investments LLC and Aperio Group LLC. Company insiders that have bought Apollo Investment Corporation stock in the last two years include Edward J Goldthorpe, Elliot Stein Jr, Frank C Puleo, Hilary E Ackermann, Howard Widra and James C Zelter. View Insider Buying and Selling for Apollo Investment Corporation.
How do I buy Apollo Investment Corporation stock?
Shares of Apollo Investment Corporation 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 Corporation's stock price today?
MarketBeat Community Rating for Apollo Investment Corporation (NASDAQ AINV)MarketBeat's community ratings are surveys of what our community members think about Apollo Investment Corporation 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 Corporation stock can currently be purchased for approximately $6.35.
Consensus Ratings for Apollo Investment Corporation (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: ||4 Hold Ratings, 1 Buy Rating|
|Consensus Rating:||Hold (Score: 2.20)|
|Consensus Price Target: ||$6.40 (0.79% upside)|
Analysts' Ratings History for Apollo Investment Corporation (NASDAQ:AINV)
(Data available from 7/21/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|7/14/2017||Jefferies Group LLC||Reiterated Rating||Buy||$7.00||Low|
|5/31/2017||Keefe, Bruyette & Woods||Set Price Target||Hold||$7.00||Low|
|5/18/2017||BMO Capital Markets||Reiterated Rating||Hold||$6.00||Medium|
|5/18/2017||National Securities||Reiterated Rating||Neutral||$6.00||Medium|
|11/9/2016||Barclays PLC||Reiterated Rating||Hold||$6.00||N/A|
|7/8/2016||Bank of America Corporation||Downgrade||Neutral -> Underperform||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|
|9/30/2015||DA Davidson||Initiated Coverage||Neutral||$6.00||N/A|
Earnings History for Apollo Investment Corporation (NASDAQ:AINV)Earnings History by Quarter for Apollo Investment Corporation (NASDAQ AINV)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|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 Corporation (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 Corporation (NASDAQ:AINV)
|Most Recent Dividend:||7/6/2017|
|Payout Ratio:||750.00% (Trailing 12 Months of Earnings) |
95.24% (Based on This Year's Estimates)
93.75% (Based on Next Year's Estimates)
Dividend History by Quarter for Apollo Investment Corporation (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 Corporation (NASDAQ:AINV)
Insider Ownership Percentage: 0.32%Insider Trades by Quarter for Apollo Investment Corporation (NASDAQ:AINV)
Institutional Ownership Percentage: 46.20%
(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 Corporation (NASDAQ:AINV)
Latest Headlines for Apollo Investment Corporation (NASDAQ:AINV)
Apollo Investment Corporation (AINV) Chart for Friday, July, 21, 2017