Apollo Investment Corp. Company Profile (NASDAQ:AINV)

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

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.

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.

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

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..

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)

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.

Some companies that are related to Apollo Investment Corp. include Prospect Capital Corporation (PSEC), 3i Infrastructure PLC (3IN), FS Investment Corporation (FSIC), Tortoise Energy Infrastructure Corporation (TYG), TPG Specialty Lending (TSLX), Liberty All-Star Equity Fund (USA), Hercules Capital (HTGC), Eaton Vance Tax Managed Buy Write Opport (ETV), TCP Capital Corp. (TCPC), Solar Capital (SLRC), Ithaca Energy (IAE), Invesco California Value Municipal Income Trust (VCV), Triangle Capital Corporation (TCAP), PennantPark Investment Corporation (PNNT), PennantPark Floating Rate Capital (PFLT), Foresight Solar Fund Ltd (FSFL), MFS Charter Income Trust (MCR) and TICC Capital Corp. (TICC).

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

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..

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..

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.

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