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NASDAQ:AINV

Apollo Investment - AINV Stock Forecast, Price & News

$13.53
+0.01 (+0.07%)
(As of 08/11/2022 10:55 AM ET)
Add
Compare
Today's Range
$13.49
$13.54
50-Day Range
$10.07
$13.52
52-Week Range
$10.01
$14.00
Volume
620 shs
Average Volume
273,237 shs
Market Capitalization
$859.43 million
P/E Ratio
15.55
Dividend Yield
9.34%
Price Target
$13.50

Apollo Investment MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
1.5% Downside
$13.33 Price Target
Short Interest
Healthy
3.07% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.34mentions of Apollo Investment in the last 14 days
Based on 14 Articles This Week
Insider Trading
Acquiring Shares
$260,200 Bought Last Quarter
Proj. Earnings Growth
5.33%
From $1.50 to $1.58 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.99 out of 5 stars

Finance Sector

722nd out of 920 stocks

Investment Offices, Not Elsewhere Classified Industry

4th out of 12 stocks

AINV stock logo

About Apollo Investment (NASDAQ:AINV) Stock

Apollo Investment Corporation is business development company and a closed-end, externally managed, non-diversified management investment company. It is elected to be treated as a business development company (BDC) under the Investment Company Act of 1940 (the 1940 Act) specializing in private equity investments in leveraged buyouts, acquisitions, recapitalizations, growth capital, refinancing and private middle market companies. It provides direct equity capital, mezzanine, first lien secured loans, stretch senior loans, unitranche loans, second lien secured loans 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 preferred equity, common equity / interests and warrants and makes equity co-investments. It may 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 (CLOs) and credit-linked notes (CLNs). The fund typically invests in construction and building materials, business services, plastics & rubber, advertising, capital equipment, education, cable television, chemicals, consumer products/goods durable and non-durable and customer services, direct marketing, energy - oil & gas, electricity and utilities. The fund also invest in aerospace & defense, wholesale, telecommunications, financial services, hotel, gaming, leisure, restaurants; environmental industries, healthcare and pharmaceuticals, high tech industries, beverages, food and tobacco, manufacturing, media - diversified & production, printing and publishing, retail, automation, aviation and consumer transport, transportation, cargo and distribution. It primarily invests in United States. 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.

Apollo Investment Stock Performance

Apollo Investment stock traded up $0.25 during midday trading on Wednesday, hitting $13.52. The company's stock had a trading volume of 321,103 shares, compared to its average volume of 333,580. Apollo Investment has a 1-year low of $10.01 and a 1-year high of $14.00. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.56 and a quick ratio of 1.56. The company has a 50-day moving average price of $11.46 and a two-hundred day moving average price of $12.48. The company has a market cap of $858.78 million, a price-to-earnings ratio of 15.54 and a beta of 1.65.

Apollo Investment (NASDAQ:AINV - Get Rating) last issued its quarterly earnings data on Tuesday, August 2nd. The asset manager reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.03. The business had revenue of $53.40 million during the quarter, compared to analysts' expectations of $54.04 million. Apollo Investment had a net margin of 25.87% and a return on equity of 9.28%. During the same quarter in the previous year, the company earned $0.39 EPS. As a group, sell-side analysts predict that Apollo Investment will post 1.5 earnings per share for the current year.

Apollo Investment Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 11th. Stockholders of record on Tuesday, September 20th will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 9.47%. The ex-dividend date is Monday, September 19th. Apollo Investment's payout ratio is presently 142.53%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Wells Fargo & Company raised shares of Apollo Investment from an "equal weight" rating to an "overweight" rating and set a $13.50 target price for the company in a report on Wednesday, August 3rd. Citigroup lifted their target price on shares of Apollo Investment to $13.00 in a report on Tuesday. Finally, Compass Point lifted their target price on shares of Apollo Investment to $13.50 in a report on Tuesday.

Insider Activity

In other news, CEO Howard Widra bought 20,000 shares of the company's stock in a transaction dated Wednesday, August 3rd. The stock was bought at an average cost of $13.01 per share, for a total transaction of $260,200.00. Following the transaction, the chief executive officer now owns 303,645 shares of the company's stock, valued at $3,950,421.45. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.92% of the company's stock.

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AINV Stock News Headlines

Apollo Investment (AINV) Q1 Earnings Top Estimates
Apollo Investment (AINV) Set to Announce Earnings on Tuesday
6 Undervalued Financial Stocks to Buy Now
Apollo Investment Corp - Stock News
Apollo Investment Corp. Tops Q4 EPS by 8c
Apollo Investment GAAP EPS of $0.42
See More Headlines
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AINV Company Calendar

Ex-Dividend for 7/7 Dividend
6/15/2022
Dividend Payable
7/07/2022
Last Earnings
8/02/2022
Today
8/11/2022
Next Earnings (Estimated)
11/03/2022
Fiscal Year End
3/31/2023

Industry, Sector and Symbol

Industry
Investment offices, not elsewhere classified
Sub-Industry
Asset Management & Custody Banks
Sector
Finance
Current Symbol
NASDAQ:AINV
CUSIP
03761U10
Fax
N/A
Employees
N/A
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$13.33
High Stock Price Forecast
$13.50
Low Stock Price Forecast
$13.00
Forecasted Upside/Downside
-0.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
2 Analysts

Profitability

Net Income
$82.36 million
Pretax Margin
25.87%

Debt

Sales & Book Value

Annual Sales
$213.15 million
Cash Flow
$0.60 per share
Book Value
$15.52 per share

Miscellaneous

Free Float
62,935,000
Market Cap
$859.43 million
Optionable
Optionable
Beta
1.65

Key Executives

  • Mr. John J. Hannan (Age 70)
    Chairman
  • Mr. Howard T. Widra (Age 50)
    CEO & Director
  • Mr. Tanner Powell (Age 42)
    Pres
  • Mr. Gregory William Hunt (Age 65)
    CFO & Treasurer
  • Mr. Amit Joshi (Age 40)
    VP, Chief Accounting Officer, Controller & Assistant Treasurer
  • Mr. Joseph Daniel Glatt Esq. (Age 48)
    Chief Legal Officer, VP & Sec.
  • Ms. Isabelle R. Gold (Age 38)
    VP & Chief Compliance Officer
  • Ms. Elizabeth Besen
    Investor Relations Mang.
  • Mr. Justin Sendak (Age 53)
    Managing Director
  • Mr. Daniel Vogel
    Managing Director













AINV Stock - Frequently Asked Questions

Should I buy or sell Apollo Investment stock right now?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Apollo Investment in the last year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" AINV shares.
View AINV analyst ratings
or view top-rated stocks.

What is Apollo Investment's stock price forecast for 2022?

2 equities research analysts have issued 1 year price objectives for Apollo Investment's stock. Their AINV share price forecasts range from $13.00 to $13.50. On average, they expect the company's share price to reach $13.33 in the next year. This suggests that the stock has a possible downside of 1.4%.
View analysts price targets for AINV
or view top-rated stocks among Wall Street analysts.

How have AINV shares performed in 2022?

Apollo Investment's stock was trading at $12.79 at the beginning of the year. Since then, AINV stock has increased by 5.7% and is now trading at $13.52.
View the best growth stocks for 2022 here
.

When is Apollo Investment's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our AINV earnings forecast
.

How were Apollo Investment's earnings last quarter?

Apollo Investment Co. (NASDAQ:AINV) issued its earnings results on Tuesday, August, 2nd. The asset manager reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.03. The asset manager earned $53.40 million during the quarter, compared to analyst estimates of $54.04 million. Apollo Investment had a trailing twelve-month return on equity of 9.28% and a net margin of 25.87%. During the same quarter in the previous year, the business earned $0.39 EPS.

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

Apollo Investment declared a quarterly dividend on Monday, August 1st. Stockholders of record on Tuesday, September 20th will be given a dividend of $0.32 per share on Tuesday, October 11th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 9.47%. The ex-dividend date is Monday, September 19th.
Read our dividend analysis for AINV
.

Is Apollo Investment a good dividend stock?

Apollo Investment (NASDAQ:AINV) pays an annual dividend of $1.24 per share and currently has a dividend yield of 9.34%. AINV has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 142.53%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, AINV will have a dividend payout ratio of 80.00% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for AINV.

When did Apollo Investment's stock split?

Apollo Investment shares reverse split before market open 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 closing bell on Thursday, November 29th 2018. An investor that had 100 shares of 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 of Directors has authorized a stock repurchase plan on Thursday, February 3rd 2022, which authorizes the company to buyback $25,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to reacquire up to 3% of its shares through open market purchases. Shares buyback plans are often an indication that the company's management believes its shares are undervalued.

What other stocks do shareholders of Apollo Investment own?

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 a variety of institutional and retail investors. Top institutional shareholders include Van ECK Associates Corp (1.44%), Sumitomo Mitsui Trust Holdings Inc. (0.46%), Commonwealth Equity Services LLC (0.42%), Camelot Portfolios LLC (0.26%), WINTON GROUP Ltd (0.26%) and Arkadios Wealth Advisors (0.22%). Insiders that own company stock include Barbara Ruth Matas, Elliot Stein Jr and Howard Widra.
View institutional ownership trends
.

How do I buy shares of Apollo Investment?

Shares of AINV stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Apollo Investment's stock price today?

One share of AINV stock can currently be purchased for approximately $13.52.

How much money does Apollo Investment make?

Apollo Investment (NASDAQ:AINV) has a market capitalization of $858.78 million and generates $213.15 million in revenue each year. The asset manager earns $82.36 million in net income (profit) each year or $0.87 on an earnings per share basis.

How can I contact Apollo Investment?

Apollo Investment's mailing address is 9 West 57th Street 37th Floor, New York NY, 10019. The official website for the company is www.apolloic.com. The asset manager can be reached via phone at (212) 515-3450 or via email at investorrelations@apolloic.com.

This page (NASDAQ:AINV) was last updated on 8/11/2022 by MarketBeat.com Staff

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