Apollo Investment Corporation is a closed-end, externally managed, non-diversified management investment company. The Company's investment objective is to generate current income and capital appreciation. It invests primarily in various forms of debt investments, including secured and unsecured debt, loan investments and/or equity in private middle-market companies. It may also invest in the securities of public companies and in structured products and other investments, such as collateralized loan obligations (CLOs) and credit-linked notes (CLNs). Its portfolio also includes equity interests, such as common stock, preferred stock, warrants or options. It invests in investments in the United States secured and unsecured loans, other debt securities and equity, and may also invests a portion of the portfolio in other investment opportunities, including foreign securities and structured products. Apollo Investment Management, L.P. is the investment advisor of the Company.
Industry, Sector and Symbol:
- Industry: Asset Management
- Sub-Industry: Asset Management & Custody Banks
- Symbol: NASDAQ:AINV
- CUSIP: 03761U10
- Web: www.apolloic.com
- 50 Day Moving Avg: $6.55
- 200 Day Moving Avg: $6.24
- 52 Week Range: $5.22 - $6.82
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: 9.71
- P/E Growth: 3.32
- Annual Dividend: $0.60
- Dividend Yield: 9.3%
- Net Margins: -4.38%
- Return on Equity: 10.03%
- Return on Assets: 5.61%
- Debt-to-Equity Ratio: 0.69%
- Current Ratio: 1.08%
- Quick Ratio: 1.08%
- Average Volume: 1.03 million shs.
- Beta: 0.73
Frequently Asked Questions for Apollo Investment Corp. (NASDAQ:AINV)
What is Apollo Investment Corp.'s stock symbol?
Apollo Investment Corp. trades on the NASDAQ under the ticker symbol "AINV."
How often does Apollo Investment Corp. pay dividends? What is the dividend yield for Apollo Investment Corp.?
Apollo Investment Corp. announced a quarterly dividend on Friday, May 19th. Stockholders of record on Wednesday, June 21st will be paid a dividend of $0.15 per share on Thursday, July 6th. This represents a $0.60 annualized dividend and a dividend yield of 9.36%. The ex-dividend date is Monday, June 19th. View Apollo Investment Corp.'s Dividend History.
How were Apollo Investment Corp.'s earnings last quarter?
Apollo Investment Corp. (NASDAQ:AINV) posted its earnings results on Thursday, May, 18th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.16 by $0.01. The company earned $66.30 million during the quarter, compared to the consensus estimate of $68.89 million. Apollo Investment Corp. had a negative net margin of 4.38% and a positive return on equity of 10.03%. The firm's revenue was down 22.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.20 EPS. View Apollo Investment Corp.'s Earnings History.
Where is Apollo Investment Corp.'s stock going? Where will Apollo Investment Corp.'s stock price be in 2017?
6 brokers have issued 12-month price targets for Apollo Investment Corp.'s shares. Their forecasts range from $6.00 to $7.00. On average, they expect Apollo Investment Corp.'s stock price to reach $6.30 in the next year. View Analyst Ratings for Apollo Investment Corp..
What are analysts saying about Apollo Investment Corp. stock?
Here are some recent quotes from research analysts about Apollo Investment Corp. stock:
- 1. National Securities analysts commented, "• Apollo’s NII/share of $0.17 for fiscal 4Q17 matched our own estimate and exceeded consensus estimates by a penny. The company’s portfolio at fair value decreased by 8.3% Q/Q to $2.32 billion largely as a result of sales and repayments of $344.8 million versus originations of $149.4 million. Management commented that thus far in the 6/30/17 quarter balance sheet leverage is within the company’s targeted range of 0.60x-0.70x, from 0.59x at the end of fiscal 2017, and thus we expect modest portfolio growth in fiscal 1Q18 and the remainder of fiscal 2018.
• Net realized losses during the quarter of $86.5 million drove the sequential 1.7% NAV/share decline to $6.74, partially offset by unrealized appreciation of $57.3 million. Realized losses were driven by Garden Fresh, Solarplicity, Osage Exploration & Development, and Aveta. For fiscal 2017, NAV/share decreased to $6.74 from $7.28 Y/Y, driving economic return of 1.6%. We model NAV/share to finish fiscal 2018 at $6.65 and fiscal 2019 at $6.79 and accordingly model economic return to improve to 7.5% and 11.2%, respectively.
• We are revising our fiscal 2018 NII/share estimate to $0.67 from $0.65 and are rolling out our fiscal 2019 NII/share estimate of $0.66. " (5/18/2017)
- 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. " (5/2/2017)
Who are some of Apollo Investment Corp.'s key competitors?
Some companies that are related to Apollo Investment Corp. include BlackRock (BLK), Bank of New York Mellon Corp (BK), State Street Corp (STT), Franklin Resources (BEN), Blackstone Group LP (BX), Northern Trust (NTRS), Ameriprise Financial (AMP), T. Rowe Price Group (TROW), Invesco (IVZ), Affiliated Managers Group (AMG), KKR & Co. L.P. (KKR), SEI Investments Company (SEIC), Voya Financial (VOYA), Lazard Ltd (LAZ), Eaton Vance Corp (EV), Ares Management LP (ARES), Legg Mason (LM) and Oaktree Capital Group LLC (OAK).
Who are Apollo Investment Corp.'s key executives?
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 Jr Stein Jr., Lead Independent Director
- Barbara Matas, Director
- Bradley J. Wechsler, Director
Who owns Apollo Investment Corp. stock?
Apollo Investment Corp.'s stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Thornburg Investment Management Inc. (0.00%), Apollo Management Holdings L.P. (0.00%), Muzinich & Co. Inc. (0.00%), Bank of Montreal Can (0.00%), Morgan Stanley (0.00%) and Wells Fargo & Company MN (0.00%). Company insiders that own Apollo Investment Corp. stock include Edward J Goldthorpe, Elliot Stein Jr, Frank C Puleo, Hilary E Ackermann, Howard Widra and James C Zelter. View Institutional Ownership Trends for Apollo Investment Corp..
Who sold Apollo Investment Corp. stock? Who is selling Apollo Investment Corp. stock?
Apollo Investment Corp.'s stock was sold by a variety of institutional investors in the last quarter, including Trexquant Investment LP, Airain ltd, Credit Suisse AG, Nomura Holdings Inc., JPMorgan Chase & Co., KCG Holdings Inc., Northeast Financial Consultants Inc and California Public Employees Retirement System. View Insider Buying and Selling for Apollo Investment Corp..
Who bought Apollo Investment Corp. stock? Who is buying Apollo Investment Corp. stock?
Apollo Investment Corp.'s stock was acquired by a variety of institutional investors in the last quarter, including Muzinich & Co. Inc., UBS Group AG, Sumitomo Mitsui Asset Management Company LTD, Van ECK Associates Corp, Wells Fargo & Company MN, Mckinley Capital Management LLC Delaware, Goldman Sachs Group Inc. and Hillsdale Investment Management Inc.. Company insiders that have bought Apollo Investment Corp. stock in the last two years include Edward J Goldthorpe, Elliot Stein Jr, Frank C Puleo, Hilary E Ackermann, Howard Widra and James C Zelter. View Insider Buying and Selling for Apollo Investment Corp..
How do I buy Apollo Investment Corp. stock?
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.
What is Apollo Investment Corp.'s stock price today?
MarketBeat Community Rating for Apollo Investment Corp. (NASDAQ AINV)MarketBeat's community ratings are surveys of what our community members think about Apollo Investment Corp. and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Apollo Investment Corp. stock can currently be purchased for approximately $6.41.
Earnings History for Apollo Investment Corp. (NASDAQ:AINV)Earnings History by Quarter for Apollo Investment Corp. (NASDAQ AINV)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|5/18/2017||3/31/2017||$0.16||$0.17||$68.89 million||$66.30 million||View||N/A|
|2/6/2017||Q317||$0.16||$0.17||$69.67 million||$68.07 million||View||Listen|
|11/8/2016||Q217||$0.17||$0.18||$73.63 million||$69.03 million||View||Listen|
|8/5/2016||Q117||$0.19||$0.17||$85.05 million||$76.47 million||View||N/A|
|5/19/2016||Q416||$0.21||$0.20||$90.08 million||$85.30 million||View||Listen|
|2/9/2016||Q316||$0.21||$0.21||$94.57 million||$94.33 million||View||N/A|
|11/5/2015||Q216||$0.21||$0.21||$99.31 million||$98.42 million||View||N/A|
|8/6/2015||Q116||$0.21||$0.22||$102.14 million||$101.66 million||View||N/A|
|5/19/2015||Q415||$0.22||$0.22||$102.14 million||$102.12 million||View||Listen|
|2/5/2015||Q315||$0.22||$0.24||$106.20 million||$110.00 million||View||N/A|
|11/6/2014||Q215||$0.23||$0.28||$105.42 million||$118.91 million||View||N/A|
|8/7/2014||Q115||$0.22||$0.22||$101.72 million||$102.58 million||View||N/A|
|5/20/2014||Q414||$0.21||$0.22||$95.07 million||$96.40 million||View||N/A|
|2/6/2014||Q314||$0.21||$0.22||$91.90 million||$94.60 million||View||N/A|
|11/8/2013||Q214||$0.21||$0.33||$92.98 million||$93.70 million||View||N/A|
|8/8/2013||Q1 2014||$0.20||$0.25||$84.54 million||View||N/A|
|5/23/2013||Q4 2013||$0.21||$0.31||$83.66 million||View||N/A|
|2/6/2013||Q3 2013||$0.21||$0.21||$80.56 million||$83.20 million||View||N/A|
|11/8/2012||Q212||$0.21||$0.22||$82.72 million||$83.83 million||View||N/A|
Earnings Estimates for Apollo Investment Corp. (NASDAQ:AINV)
2017 EPS Consensus Estimate: $0.72
2018 EPS Consensus Estimate: $0.62
2019 EPS Consensus Estimate: $0.63
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Apollo Investment Corp. (NASDAQ:AINV)
|Payout Ratio:||-1,000.00% (Trailing 12 Months of Earnings) |
93.75% (Based on This Year's Estimates)
90.91% (Based on Next Year's Estimates)
Dividend History by Quarter for Apollo Investment Corp. (NASDAQ AINV)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Apollo Investment Corp. (NASDAQ:AINV)
Insider Ownership Percentage: 0.26%Insider Trades by Quarter for Apollo Investment Corp. (NASDAQ:AINV)
Institutional Ownership Percentage: 45.20%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|8/17/2016||Hilary E Ackermann||Director||Buy||6,000||$6.02||$36,120.00|| |
|8/17/2016||Howard Widra||President||Buy||5,000||$6.02||$30,100.00|| |
|8/16/2016||Frank C Puleo||Director||Buy||4,180||$6.01||$25,121.80|| |
|8/15/2016||Elliot Stein Jr||Director||Buy||3,000||$5.96||$17,880.00|| |
|8/8/2016||James C Zelter||CEO||Buy||20,000||$5.58||$111,600.00|| |
|6/10/2016||Hilary E Ackermann||Director||Buy||4,000||$5.47||$21,880.00|| |
|8/11/2015||Edward J Goldthorpe||President||Buy||10,000||$6.88||$68,800.00|| |
|12/16/2014||Edward J Goldthorpe||President||Buy||10,000||$7.34||$73,400.00|| |
|6/12/2014||Gregory W Hunt||CFO||Buy||2,856||$8.48||$24,218.88|| |
|6/2/2014||Rudolph R Reinfrank||Director||Buy||5,000||$8.34||$41,700.00|| |
|5/27/2014||Frank C Puleo||Director||Buy||3,087||$8.38||$25,869.06|| |
|2/28/2014||Edward Goldthorpe||President||Buy||10,000||$8.64||$86,400.00|| |
|2/28/2014||Jeanette Loeb||Director||Buy||13,500||$8.62||$116,370.00|| |
|2/10/2014||Gregory Hunt||CFO||Buy||10,000||$8.36||$83,600.00|| |
|6/6/2013||James C Zelter||CEO||Buy||20,000||$7.96||$159,200.00|| |
|2/8/2013||James C Zelter||CEO||Buy||10,000||$8.35||$83,500.00|| |
Headline Trends for Apollo Investment Corp. (NASDAQ:AINV)
Latest Headlines for Apollo Investment Corp. (NASDAQ:AINV)
Apollo Investment Corp. (AINV) Chart for Tuesday, May, 30, 2017