Apollo Investment Corp. Company Profile (NASDAQ:AINV)

About Apollo Investment Corp. (NASDAQ:AINV)

Apollo Investment Corp. logoApollo 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
Average Prices:
  • 50 Day Moving Avg: $6.02
  • 200 Day Moving Avg: $6.31
  • 52 Week Range: $5.65 - $6.82
P/E:
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: 9.11
  • P/E Growth: 3.19
Dividend:
  • Annual Dividend: $0.60
  • Dividend Yield: 10.0%
Profitability:
  • Net Margins: 43.14%
  • Return on Equity: 7.80%
  • Return on Assets: 4.71%
Debt:
  • Debt-to-Equity Ratio: 0.62%
  • Current Ratio: 0.64%
  • Quick Ratio: 0.64%
Misc:
  • 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?

Apollo Investment Corp. is scheduled to release their next quarterly earnings announcement on Friday, November, 3rd 2017. View Earnings Estimates for Apollo Investment Corp..

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.
    " (8/9/2017)
  • 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?

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?

One share of Apollo Investment Corp. stock can currently be purchased for approximately $6.01.


MarketBeat Community Rating for Apollo Investment Corp. (NASDAQ AINV)
Community Ranking:  1.9 out of 5 (star)
Outperform Votes:  163 (Vote Outperform)
Underperform Votes:  257 (Vote Underperform)
Total Votes:  420
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.

Analyst Ratings

Consensus Ratings for Apollo Investment Corp. (NASDAQ:AINV) (How are Consensus Ratings Calculated?)
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)
Price Target History for Apollo Investment Corp. (NASDAQ:AINV)
Analysts' Ratings History for Apollo Investment Corp. (NASDAQ:AINV)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
10/5/2017Keefe, Bruyette & WoodsSet Price TargetHold$7.00N/AView Rating Details
9/22/2017Jefferies Group LLCReiterated RatingBuy$7.00LowView Rating Details
8/9/2017Bank of America CorporationReiterated RatingUnderperform$5.50 -> $6.00MediumView Rating Details
8/9/2017National SecuritiesReiterated RatingNeutral$6.00LowView Rating Details
5/18/2017BMO Capital MarketsReiterated RatingHold$6.00MediumView Rating Details
11/9/2016Barclays PLCReiterated RatingHold$6.00N/AView Rating Details
5/20/2016BB&T CorporationDowngradeBuy -> HoldN/AView Rating Details
2/11/2016JMP SecuritiesDowngradeOutperform -> Market PerformN/AView Rating Details
2/10/2016SunTrust Banks, Inc.Lower Price TargetBuy$7.50 -> $7.00N/AView Rating Details
2/10/2016Maxim GroupLower Price TargetBuy$8.00 -> $7.50N/AView Rating Details
2/10/2016Citigroup Inc.DowngradeNeutral -> SellN/AView Rating Details
2/10/2016Cantor FitzgeraldReiterated RatingHold$6.00N/AView Rating Details
11/6/2015Royal Bank Of CanadaLower Price TargetOutperform$9.00 -> $8.00N/AView Rating Details
11/6/2015J P Morgan Chase & CoLower Price TargetNeutral$7.00 -> $6.00N/AView Rating Details
(Data available from 10/22/2015 forward)

Earnings

Earnings History for Apollo Investment Corp. (NASDAQ:AINV)
Earnings by Quarter for Apollo Investment Corp. (NASDAQ:AINV)
Earnings History by Quarter for Apollo Investment Corp. (NASDAQ AINV)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
11/3/2017$0.16N/AView Earnings Details
8/4/2017Q1 2018$0.15$0.15$65.19 million$66.70 millionViewN/AView Earnings Details
5/18/20173/31/2017$0.16$0.17$68.89 million$66.30 millionViewN/AView Earnings Details
2/6/2017Q317$0.16$0.17$69.67 million$68.07 millionViewListenView Earnings Details
11/8/2016Q217$0.17$0.18$73.63 million$69.03 millionViewListenView Earnings Details
8/5/2016Q117$0.19$0.17$85.05 million$76.47 millionViewN/AView Earnings Details
5/19/2016Q416$0.21$0.20$90.08 million$85.30 millionViewListenView Earnings Details
2/9/2016Q316$0.21$0.21$94.57 million$94.33 millionViewN/AView Earnings Details
11/5/2015Q216$0.21$0.21$99.31 million$98.42 millionViewN/AView Earnings Details
8/6/2015Q116$0.21$0.22$102.14 million$101.66 millionViewN/AView Earnings Details
5/19/2015Q415$0.22$0.22$102.14 million$102.12 millionViewListenView Earnings Details
2/5/2015Q315$0.22$0.24$106.20 million$110.00 millionViewN/AView Earnings Details
11/6/2014Q215$0.23$0.28$105.42 million$118.91 millionViewN/AView Earnings Details
8/7/2014Q115$0.22$0.22$101.72 million$102.58 millionViewN/AView Earnings Details
5/20/2014Q414$0.21$0.22$95.07 million$96.40 millionViewN/AView Earnings Details
2/6/2014Q314$0.21$0.22$91.90 million$94.60 millionViewN/AView Earnings Details
11/8/2013Q214$0.21$0.33$92.98 million$93.70 millionViewN/AView Earnings Details
8/8/2013Q1 2014$0.20$0.25$84.54 millionViewN/AView Earnings Details
5/23/2013Q4 2013$0.21$0.31$83.66 millionViewN/AView Earnings Details
2/6/2013Q3 2013$0.21$0.21$80.56 million$83.20 millionViewN/AView Earnings Details
11/8/2012Q212$0.21$0.22$82.72 million$83.83 millionViewN/AView Earnings Details
8/8/2012$0.20$0.20ViewN/AView Earnings Details
5/23/2012$0.21$0.21ViewN/AView Earnings Details
11/3/2011$0.24$0.23ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

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
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20174$0.19$0.20$0.20
Q2 20173$0.16$0.20$0.18
Q3 20173$0.16$0.20$0.17
Q4 20174$0.15$0.20$0.17
Q1 20183$0.14$0.16$0.15
Q2 20183$0.14$0.16$0.15
Q3 20183$0.16$0.16$0.16
Q4 20183$0.15$0.17$0.16
Q1 20193$0.15$0.17$0.16
Q2 20193$0.15$0.17$0.16
Q3 20193$0.15$0.17$0.16
Q4 20192$0.15$0.15$0.15
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Apollo Investment Corp. (NASDAQ:AINV)
Most Recent Dividend:10/5/2017
Annual Dividend:$0.60
Dividend Yield:9.98%
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 Payments by Quarter for Apollo Investment Corp. (NASDAQ:AINV)

Dividend History by Quarter for Apollo Investment Corp. (NASDAQ AINV)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
8/4/2017quarterly$0.159.43%9/20/20179/21/201710/5/2017
5/19/2017quarterly$0.159.58%6/19/20176/21/20177/6/2017
2/6/2017quarterly$0.159.9%3/17/20173/21/20174/6/2017
11/8/2016quarterly$0.1510.07%12/19/201612/21/20161/5/2017
8/5/2016quarterly$0.1510.64%9/19/20169/21/201610/5/2016
5/20/2016quarterly$0.2015.36%6/17/20166/21/20167/6/2016
2/9/2016quarterly$0.2016.91%3/17/20163/21/20164/6/2016
11/6/2015quarterly$0.2013.58%12/17/201512/21/20151/5/2016
8/6/2015quarterly$0.2011.68%9/17/20159/21/201510/6/2015
5/19/2015quarterly$0.2010.35%6/17/20156/19/20157/6/2015
2/5/2015quarterly$0.2010.62%3/18/20153/20/20154/6/2015
11/7/2014quarterly$0.209.63%12/17/201412/19/20141/5/2015
8/7/2014quarterly$0.209.47%9/17/20149/19/201410/6/2014
5/21/2014quarterly$0.209.79%6/18/20146/20/20147/7/2014
2/7/2014quarterly$0.209.56%3/19/20143/21/20144/7/2014
11/11/2013quarterly$0.209.28%12/17/201312/19/20131/6/2014
8/9/2013quarterly$0.209.91%9/18/20139/20/201310/4/2013
5/23/2013quarterly$0.209.23%6/18/20136/20/20137/5/2013
2/7/2013quarterly$0.209.72%3/19/20133/21/20134/4/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Apollo Investment Corp. (NASDAQ:AINV)
Insider Ownership Percentage: 0.32%
Institutional Ownership Percentage: 45.84%
Insider Trades by Quarter for Apollo Investment Corp. (NASDAQ:AINV)
Institutional Ownership by Quarter for Apollo Investment Corp. (NASDAQ:AINV)
Insider Trades by Quarter for Apollo Investment Corp. (NASDAQ:AINV)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
8/17/2016Hilary E AckermannDirectorBuy6,000$6.02$36,120.00View SEC Filing  
8/17/2016Howard WidraPresidentBuy5,000$6.02$30,100.00View SEC Filing  
8/16/2016Frank C PuleoDirectorBuy4,180$6.01$25,121.80View SEC Filing  
8/15/2016Elliot Stein JrDirectorBuy3,000$5.96$17,880.00View SEC Filing  
8/8/2016James C ZelterCEOBuy20,000$5.58$111,600.00View SEC Filing  
6/10/2016Hilary E AckermannDirectorBuy4,000$5.47$21,880.00View SEC Filing  
8/11/2015Edward J GoldthorpePresidentBuy10,000$6.88$68,800.00View SEC Filing  
12/16/2014Edward J GoldthorpePresidentBuy10,000$7.34$73,400.00View SEC Filing  
6/12/2014Gregory W HuntCFOBuy2,856$8.48$24,218.88View SEC Filing  
6/2/2014Rudolph R ReinfrankDirectorBuy5,000$8.34$41,700.00View SEC Filing  
5/27/2014Frank C PuleoDirectorBuy3,087$8.38$25,869.06View SEC Filing  
2/28/2014Edward GoldthorpePresidentBuy10,000$8.64$86,400.00View SEC Filing  
2/28/2014Jeanette LoebDirectorBuy13,500$8.62$116,370.00View SEC Filing  
2/10/2014Gregory HuntCFOBuy10,000$8.36$83,600.00View SEC Filing  
6/6/2013James C ZelterCEOBuy20,000$7.96$159,200.00View SEC Filing  
2/8/2013James C ZelterCEOBuy10,000$8.35$83,500.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Apollo Investment Corp. (NASDAQ:AINV)
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Apollo Investment Corp. (AINV) Chart for Sunday, October, 22, 2017

This page was last updated on 10/22/2017 by MarketBeat.com Staff

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