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NASDAQ:AINVApollo Investment Stock Price, Forecast & News

$10.10
+0.02 (+0.20 %)
(As of 05/29/2020 04:00 PM ET)
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Today's Range
$9.74
Now: $10.10
$10.16
50-Day Range
$7.31
MA: $8.61
$10.31
52-Week Range
$5.20
Now: $10.10
$18.33
Volume689,795 shs
Average Volume706,575 shs
Market Capitalization$659.13 million
P/E RatioN/A
Dividend Yield17.86%
Beta1.79
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. It prefers to invest in warrants, makes equity co-investments, and may also invest in cash equivalents, U.S. government securities, high-quality debt investments that mature in one year or less, high-yield bonds, distressed debt, non-U.S. investments, or securities of public companies that are not thinly traded. It also focuses on other investments such as collateralized loan obligations and credit-linked notes. The fund typically invests in building materials, business services, cable television, chemicals, consumer products, direct marketing, distribution, energy and utilities, financial services, healthcare, manufacturing, media, publishing, retail and transportation. It primarily invests between $20 million and $250 million in its portfolio companies. The fund seeks to make investments with stated maturities of five to 10 years.
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Beat the Market (BTM) Rank

Analyst Opinion: 1.9Community Rank: 2.0Dividend Strength: 1.7Insider Behavior: 4.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.03 out of 5 stars


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$276.92 million
Cash Flow$5.98 per share
Book Value$15.70 per share

Profitability

Net Income$-116,060,000.00

Miscellaneous

EmployeesN/A
Market Cap$659.13 million
Next Earnings Date8/4/2020 (Estimated)
OptionableOptionable

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Apollo Investment (NASDAQ:AINV) Frequently Asked Questions

How has Apollo Investment's stock been impacted by COVID-19 (Coronavirus)?

Apollo Investment's stock was trading at $12.59 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, AINV shares have decreased by 19.8% and is now trading at $10.10. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Apollo Investment?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Apollo Investment in the last year. There are currently 2 sell ratings and 5 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Apollo Investment.

When is Apollo Investment's next earnings date?

Apollo Investment is scheduled to release its next quarterly earnings announcement on Tuesday, August 4th 2020. View our earnings forecast for Apollo Investment.

How were Apollo Investment's earnings last quarter?

Apollo Investment Corp. (NASDAQ:AINV) issued its quarterly earnings results on Thursday, May, 21st. The asset manager reported $0.59 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.45 by $0.14. The asset manager had revenue of $71.60 million for the quarter, compared to analysts' expectations of $63.83 million. Apollo Investment had a positive return on equity of 12.15% and a negative net margin of 41.91%. During the same period in the previous year, the firm earned $0.47 EPS. View Apollo Investment's earnings history.

How often does Apollo Investment pay dividends? What is the dividend yield for Apollo Investment?

Apollo Investment declared a quarterly dividend on Thursday, May 21st. Investors of record on Thursday, June 18th will be paid a dividend of $0.45 per share on Wednesday, July 8th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 17.82%. The ex-dividend date is Wednesday, June 17th. 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 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 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 announced that its board has authorized a share buyback program on Wednesday, February 6th 2019, which permits the company to repurchase $50,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to purchase up to 4.5% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's management believes its stock is undervalued.

What price target have analysts set for AINV?

7 Wall Street analysts have issued 1 year target prices for Apollo Investment's stock. Their forecasts range from $6.50 to $11.00. On average, they expect Apollo Investment's share price to reach $8.50 in the next year. This suggests that the stock has a possible downside of 15.8%. View analysts' price targets for Apollo Investment.

Has Apollo Investment been receiving favorable news coverage?

News coverage about AINV stock has trended somewhat positive recently, InfoTrie Sentiment Analysis reports. The research group scores the sentiment of news coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Apollo Investment earned a media sentiment score of 1.0 on InfoTrie's scale. They also assigned news articles about the asset manager a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the stock's share price in the immediate future. View the latest news aboutApollo 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 following 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

What is Apollo Investment's stock symbol?

Apollo Investment trades on the NASDAQ under the ticker symbol "AINV."

Who are Apollo Investment's major shareholders?

Apollo Investment's stock is owned by many different retail and institutional investors. Top institutional shareholders include Apollo Management Holdings L.P. (4.36%), Wells Fargo & Company MN (3.06%), Morgan Stanley (1.25%), Morgan Stanley (1.25%), Van ECK Associates Corp (1.08%) and Invesco Ltd. (0.97%). Company insiders that own Apollo Investment stock include Elliot Stein Jr and Howard Widra. 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 JPMorgan Chase & Co., Confluence Investment Management LLC, UBS Group AG, Mackenzie Financial Corp, Muzinich & Co. Inc., HighTower Advisors LLC, Wells Fargo & Company MN, and Virtus ETF Advisers LLC. View insider buying and selling activity 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 Sumitomo Mitsui Trust Holdings Inc., Advisor Group Holdings Inc., Two Sigma Advisers LP, Wolverine Asset Management LLC, Aigen Investment Management LP, Engineers Gate Manager LP, Dynamic Technology Lab Private Ltd, and Morgan Stanley. Company insiders that have bought Apollo Investment stock in the last two years include Elliot Stein Jr, and Howard Widra. View insider buying and selling activity 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 $10.10.

How big of a company is Apollo Investment?

Apollo Investment has a market capitalization of $659.13 million and generates $276.92 million in revenue each year. The asset manager earns $-116,060,000.00 in net income (profit) each year or $2.16 on an earnings per share basis.

What is Apollo Investment's official website?

The official website for Apollo Investment is 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 in[email protected]

This page was last updated on 5/30/2020 by MarketBeat.com Staff

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