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.
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Industry, Sector and Symbol
Industry Investment offices, not elsewhere classified
Sub-IndustryAsset Management & Custody Banks
SectorFinance
Phone212-515-3450
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$255.08 million
Profitability
Miscellaneous
EmployeesN/A
Next Earnings Date10/29/2019 (Estimated)
OptionableOptionable
Apollo Investment (NASDAQ:AINV) Frequently Asked Questions
What is Apollo Investment's stock symbol?
Apollo Investment trades on the NASDAQ under the ticker symbol "AINV."
How often does Apollo Investment pay dividends? What is the dividend yield for Apollo Investment?
Apollo Investment announced a quarterly dividend on Tuesday, August 6th. Shareholders of record on Friday, September 20th will be paid a dividend of $0.45 per share on Monday, October 7th. This represents a $1.80 annualized dividend and a yield of 11.04%. The ex-dividend date is Thursday, September 19th. View Apollo Investment's Dividend History.
When did Apollo Investment's stock split? How did Apollo Investment's stock split work?
Apollo Investment shares 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 closing bell 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 declared that its Board of Directors has initiated a stock buyback program on Wednesday, February 6th 2019, which authorizes the company to buyback $50,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 4.5% of its stock through open market purchases. Stock buyback programs are often a sign that the company's board of directors believes its shares are undervalued.
How were Apollo Investment's earnings last quarter?
Apollo Investment Corp. (NASDAQ:AINV) released its quarterly earnings data on Tuesday, August, 6th. The asset manager reported $0.50 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.46 by $0.04. The asset manager had revenue of $66.52 million for the quarter, compared to the consensus estimate of $65.60 million. Apollo Investment had a net margin of 31.99% and a return on equity of 9.88%. During the same quarter in the previous year, the business posted $0.45 EPS. View Apollo Investment's Earnings History.
When is Apollo Investment's next earnings date?
What price target have analysts set for AINV?
5 equities research analysts have issued 1 year price objectives for Apollo Investment's stock. Their forecasts range from $14.00 to $21.00. On average, they anticipate Apollo Investment's share price to reach $17.20 in the next year. This suggests a possible upside of 5.5% from the stock's current price. View Analyst Price Targets for Apollo Investment.
What is the consensus analysts' recommendation for Apollo Investment?
5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Apollo Investment in the last year. There are currently 4 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Apollo Investment.
What are Wall Street analysts saying about Apollo Investment stock?
Here are some recent quotes from research analysts about Apollo Investment 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. " (7/31/2019)
- 2. National Securities analysts commented, "▪ AINV posted NII/share of $0.46 for F4Q19, a penny above both our estimate and the quarterly dividend. With the total return hurdle taking effect, the company did not earn an incentive fee. NAV/share was up 3 cents Q/Q to $19.06 but down 3.1% on the fiscal year from $19.67. Unrealized depreciation was led by Glacier with $17.0mm, Crowne Automotive with $7.1mm, Renew Financial with $6.6mm, and Dynamic Product Tankers with $6.3mm.
▪ Apollo had another strong quarter of originations with volume of $257.4mm versus repayments and sales of $151.6mm. In April, the reduced asset coverage became effective. The company is seeking to make loans with LIBOR spreads of between 500-700 bps and attachment points of 4.0x-5.5x.
▪ AINV is likely to continue to prioritize Midcap investments and co-invest across the platform targeting verticals that have higher barriers to entry such as lender finance, asset-based lending (ABL), and life sciences. The strategy shift was apparent in the new commitments with an average spread of 585 bps and 94% done with co-investment across the Apollo platform.
▪ We think that AINV is making good progress with its portfolio rotation, but the company is still targeting 10%-15% exposure to Merx Aviation, which ended F2019 at 15.7% of the book at cost. Additionally, oil and gas still remains a significant 8.3% of the portfolio at cost. Despite strides made by Apollo, issuer and industry concentration is likely to warrant a continued discount to NAV for shares, in our opinion.
▪ We are revising our fiscal 2020 NII/share estimate to $1.83 from $1.84 and are rolling out our fiscal 2021 NII/share estimate of $1.85. We are maintaining our NEUTRAL rating and $18 price target." (5/20/2019)
Has Apollo Investment been receiving favorable news coverage?
News articles about AINV stock have trended negative recently, according to InfoTrie Sentiment Analysis. InfoTrie rates the sentiment of news coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Apollo Investment earned a news sentiment score of -2.3 on InfoTrie's scale. They also assigned news stories about the asset manager a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the company's share price in the next several days. View News Stories for Apollo Investment.
Who are some of Apollo Investment's key competitors?
Some companies that are related to Apollo Investment include DNP Select Income Fund (DNP), Nuveen Municipal Value Fund (NUV), Adams Diversified Equity Fund (ADX), Gabelli Equity Trust (GAB), PIMCO Corporate&Income Opportunity Fund (PTY), Tri-Continental (TY), Hercules Capital (HTGC), Royce Value Trust (RVT), Liberty All-Star Equity Fund (USA), Tortoise Energy Infrastructure (TYG), Boulder Growth & Income Fund (BIF), PIMCO High Income Fund (PHK), AllianceBernstein Global Hgh Incm Fd (AWF), Blackrock Muniyield Insured Fund (MYI) and General American Investors (GAM).
What other stocks do shareholders of Apollo Investment own?
Who are Apollo Investment's key executives?
Apollo Investment's management team includes the folowing 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
Who are Apollo Investment's major shareholders?
Apollo Investment's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Wells Fargo & Company MN (2.99%), Bank of Montreal Can (1.40%), Morgan Stanley (1.30%), Allianz Asset Management GmbH (0.84%), Van ECK Associates Corp (0.83%) and BlackRock Inc. (0.55%). 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 Bank of Montreal Can, Morgan Stanley, Callodine Capital Management LP, Confluence Investment Management LLC, PVG Asset Management Corp, Invesco Ltd., Allianz Asset Management GmbH and Camelot Portfolios LLC. View Insider Buying and Selling for Apollo Investment.
Which major investors are buying Apollo Investment stock?
AINV stock was acquired by a variety of institutional investors in the last quarter, including Virtus ETF Advisers LLC, Wells Fargo & Company MN, Green Square Asset Management LLC, AE Wealth Management LLC, Van ECK Associates Corp, BlackRock Inc., Royal Bank of Canada and Cubist Systematic Strategies LLC. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.
What is Apollo Investment's stock price today?
One share of AINV stock can currently be purchased for approximately $16.31.
How big of a company is Apollo Investment?
Apollo Investment has a market capitalization of $1.11 billion and generates $255.08 million in revenue each year. The asset manager earns $71.95 million in net income (profit) each year or $1.81 on an earnings per share basis. View Additional Information About Apollo Investment.
What is Apollo Investment's official website?
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 [email protected]
MarketBeat Community Rating for Apollo Investment (NASDAQ AINV)
MarketBeat's community ratings are surveys of what our community members think about Apollo Investment and other stocks. Vote "Outperform" if you believe AINV will outperform the S&P 500 over the long term. Vote "Underperform" if you believe AINV will underperform the S&P 500 over the long term. You may vote once every thirty days.
