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. It prefers to invest in warrants, makes equity co-investments, and may also 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 and credit-linked notes. The fund typically invests in building materials, business services, cable television, chemicals, consumer products, direct marketing, distribution, energy and utilities, financial services, healthcare, manufacturing, media, publishing, retail and transportation. 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.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry Investment offices, not elsewhere classified
Sub-IndustryAsset Management & Custody Banks
SectorFinance
Current SymbolNASDAQ:AINV
Previous Symbol
CUSIP03761U10
Phone212-515-3450
Debt
Debt-to-Equity Ratio0.69
Current Ratio0.76
Quick Ratio0.76
Price-To-Earnings
Trailing P/E Ratio8.72
Forward P/E Ratio8.87
P/E Growth1.79
Sales & Book Value
Annual Sales$259.29 million
Price / Sales4.41
Cash FlowN/A
Price / CashN/A
Book Value$6.55 per share
Price / Book0.81
Profitability
EPS (Most Recent Fiscal Year)$0.61
Net Income$87.02 million
Net Margins26.47%
Return on Equity9.22%
Return on Assets5.35%
Miscellaneous
EmployeesN/A
Outstanding Shares214,900,000
Market Cap$1.16 billion
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 Thursday, November 1st. Stockholders of record on Thursday, December 20th will be paid a dividend of $0.15 per share on Friday, January 4th. This represents a $0.60 annualized dividend and a dividend yield of 11.28%. The ex-dividend date is Wednesday, December 19th. View Apollo Investment's Dividend History.
How were Apollo Investment's earnings last quarter?
Apollo Investment Corp. (NASDAQ:AINV) issued its quarterly earnings results on Tuesday, October, 30th. The asset manager reported $0.15 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.15. The asset manager earned $66.03 million during the quarter, compared to the consensus estimate of $67.38 million. Apollo Investment had a return on equity of 9.22% and a net margin of 26.47%. Apollo Investment's quarterly revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.16 earnings per share. View Apollo Investment's Earnings History.
When is Apollo Investment's next earnings date?
What price target have analysts set for AINV?
5 analysts have issued 1 year target prices for Apollo Investment's shares. Their predictions range from $5.00 to $6.50. On average, they expect Apollo Investment's stock price to reach $5.90 in the next year. This suggests a possible upside of 10.9% 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 1 sell rating, 2 hold ratings and 2 buy ratings 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. National Securities analysts commented, " For fiscal 2Q19, Apollo earned $0.15/share of NII, matching our estimate as well as the quarterly dividend. NAV/share was flat on the quarter with realized losses of $8.1 million partially offset by $3.9 million of realized gains.
The portfolio at fair value declined by $170.7 million Q/Q, bringing D/E down to 0.70x from 0.80x. Notably, Apollo continues to recycle the portfolio away from non-core assets, which includes both oil & gas as well as shipping.
At 9/30/18, oil & gas investments comprised 7.7% of the portfolio at cost and transportation comprised 7.0% of the portfolio at cost. In total, non-core assets comprised 22% of the portfolio at 9/30/18, which is still a very significant number.
Furthermore, Merx Aviation comprised 20% of the portfolio at fair value. Apollo has certainly made strides in de-risking the book with 62% of investments since 7/1/16 being co-investments across the platform and an average borrower exposure of $15.7 million.
However, given the significant concentration in cyclical industries that remains and the material concentration in Merx, we think that there is still a relatively high degree of risk in the portfolio.
In our opinion, the market will likely discount the stock based upon this risk and the potential for the economy or any of these sectors to experience headwinds, which could put NAV under pressure.
We do appreciate the strides AINV has made the past couple years, including cutting fees above 1.00x D/E as well as authorizing a new $50.0 million stock repurchase program. We just do not think the company is out of the woods yet, especially given lackluster operational performance in previous years.
We are revising our fiscal 2019 NII/share estimate to $0.59 from $0.60 and are maintaining our fiscal 2020 NII/share estimate of$0.64. We are maintaining our NEUTRAL rating and $6 price target." (11/1/2018)
- 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. " (10/9/2018)
Has Apollo Investment been receiving favorable news coverage?
News articles about AINV stock have been trending very positive this week, InfoTrie Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Apollo Investment earned a news impact score of 3.6 on InfoTrie's scale. They also assigned media headlines about the asset manager a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the stock's share price in the immediate future.
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), Tri-Continental (TY), PIMCO Corporate&Income Opportunity Fund (PTY), Royce Value Trust (RVT), Tortoise Energy Infrastructure (TYG), Liberty All-Star Equity Fund (USA), Hercules Capital (HTGC), Boulder Growth & Income Fund (BIF), PIMCO High Income Fund (PHK), AllianceBernstein Global Hgh Incm Fd (AWF), General American Investors (GAM) and Tekla Healthcare Investors (HQH).
Who are Apollo Investment's key executives?
Apollo Investment's management team includes the folowing people:
- Mr. John J. Hannan, Chairman (Age 66)
- Mr. Howard T. Widra, CEO & Director (Age 46)
- Mr. Tanner Powell, Pres & Chief Investment Officer of Apollo Investment Management
- Mr. Gregory William Hunt, CFO & Treasurer (Age 61)
- Mr. Amit Joshi, VP, Chief Accounting Officer & Assistant Treasurer
Who are Apollo Investment's major shareholders?
Apollo Investment's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Fuller & Thaler Asset Management Inc. (2.79%), Muzinich & Co. Inc. (2.31%), Wells Fargo & Company MN (2.09%), Allianz Asset Management GmbH (0.67%), Telemus Capital LLC (0.63%) and BlackRock Inc. (0.48%). View Institutional Ownership Trends for Apollo Investment.
Which institutional investors are selling Apollo Investment stock?
AINV stock was sold by a variety of institutional investors in the last quarter, including Muzinich & Co. Inc., Fuller & Thaler Asset Management Inc., Bessemer Group Inc., Sumitomo Mitsui Asset Management Company LTD, Advisory Research Inc., Salzhauer Michael, CIBC World Markets Inc. and DNB Asset Management AS. View Insider Buying and Selling for Apollo Investment.
Which institutional investors are buying Apollo Investment stock?
AINV stock was purchased by a variety of institutional investors in the last quarter, including Levin Capital Strategies L.P., GSA Capital Partners LLP, Allianz Asset Management GmbH, Wells Fargo & Company MN, Clear Harbor Asset Management LLC, WESPAC Advisors LLC, Rational Advisors LLC and BlackRock Inc.. 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 $5.32.
How big of a company is Apollo Investment?
Apollo Investment has a market capitalization of $1.16 billion and generates $259.29 million in revenue each year. The asset manager earns $87.02 million in net income (profit) each year or $0.61 on an earnings per share basis.
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.
