Apollo Investment - AINV Stock Forecast, Price & News

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Apollo Investment in the last twelve months. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" AINV shares.
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2 brokerages have issued 12 month price targets for Apollo Investment's shares. Their AINV share price forecasts range from $13.00 to $13.50. On average, they anticipate the company's stock price to reach $13.33 in the next twelve months.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
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Apollo Investment Co. (NASDAQ:AINV) released its quarterly earnings results on Tuesday, August, 2nd. The asset manager reported $0.37 earnings per share for the quarter, beating analysts' consensus estimates of $0.34 by $0.03. The asset manager had revenue of $53.40 million for 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 prior year, the company earned $0.39 EPS.

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 yield of ∞. The ex-dividend date is Monday, September 19th.
Read our dividend analysis for AINV.

Apollo Investment (NASDAQ:AINV) pays an annual dividend of $1.24 per share and currently has a dividend yield of 9.08%. 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.

Shares of Apollo Investment 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 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.

Apollo Investment declared that its Board of Directors has initiated a stock repurchase program on Thursday, February 3rd 2022, which permits the company to repurchase $25,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to buy up to 3% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's leadership believes its shares are undervalued.

Based on aggregate information from My MarketBeat watchlists, some companies that other Apollo Investment investors own include AGNC Investment (AGNC), Annaly Capital Management (NLY), AT&T (T), Energy Transfer (ET), Prospect Capital (PSEC), Ares Capital (ARCC), Enterprise Products Partners (EPD), ARMOUR Residential REIT (ARR), iShares Preferred and Income Securities ETF (PFF) and Chimera Investment (CIM).

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

Apollo Investment (NASDAQ:AINV) has a market capitalization of $0.00 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.

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.