Apollo Investment Corporation Company Profile (NASDAQ:AINV)

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

Apollo Investment Corporation declared a quarterly dividend on Friday, August 4th. Stockholders 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 dividend yield of 10.19%. The ex-dividend date of this dividend is Wednesday, September 20th. View Apollo Investment Corporation's Dividend History.

Apollo Investment Corporation (NASDAQ:AINV) issued its earnings results on Friday, August, 4th. The company reported $0.15 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.15 by $0.00. The business earned $66.70 million during the quarter, compared to analyst estimates of $65.19 million. Apollo Investment Corporation had a return on equity of 9.75% and a net margin of 33.04%. The firm's revenue for the quarter was down 12.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.17 EPS. View Apollo Investment Corporation's Earnings History.

Apollo Investment Corporation is scheduled to release their next quarterly earnings announcement on Tuesday, November, 14th 2017. View Earnings Estimates for Apollo Investment Corporation.

6 analysts have issued 12-month target prices for Apollo Investment Corporation's shares. Their forecasts range from $6.00 to $7.00. On average, they expect Apollo Investment Corporation's stock price to reach $6.25 in the next twelve months. View Analyst Ratings for Apollo Investment Corporation.

Here are some recent quotes from research analysts about Apollo Investment Corporation 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)

Some companies that are related to Apollo Investment Corporation include Prospect Capital Corporation (PSEC), 3i Infrastructure PLC (3IN), Tortoise Energy Infrastructure Corporation (TYG), TPG Specialty Lending (TSLX), Liberty All-Star Equity Fund (USA), Golub Capital BDC (GBDC), New Mountain Finance Corporation (NMFC), Hercules Capital (HTGC), TCP Capital Corp. (TCPC), Solar Capital (SLRC), Ithaca Energy (IAE), Triangle Capital Corporation (TCAP), Invesco California Value Municipal Income Trust (VCV), PennantPark Investment Corporation (PNNT), BlackRock Capital Investment Corporation (BKCC), Foresight Solar Fund Ltd (FSFL), MFS Charter Income Trust (MCR) and Fidus Investment Corporation (FDUS).

Apollo Investment Corporation'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 Corporation's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Muzinich & Co. Inc. (0.00%), Apollo Management Holdings L.P. (0.00%), Bank of Montreal Can (0.00%), Wells Fargo & Company MN (0.00%), Ares Management LLC (0.00%) and Van ECK Associates Corp (0.00%). Company insiders that own Apollo Investment Corporation stock include Elliot Stein Jr, Frank C Puleo, Hilary E Ackermann, Howard Widra and James C Zelter. View Institutional Ownership Trends for Apollo Investment Corporation.

Apollo Investment Corporation's stock was sold by a variety of institutional investors in the last quarter, including GSA Capital Partners LLP, Bank of Montreal Can, JPMorgan Chase & Co., Citigroup Inc., Quantitative Investment Management LLC, Royal Bank of Canada, Advisors Asset Management Inc. and WFG Advisors LP. View Insider Buying and Selling for Apollo Investment Corporation.

Apollo Investment Corporation's stock was bought by a variety of institutional investors in the last quarter, including Arrowstreet Capital Limited Partnership, Muzinich & Co. Inc., Van ECK Associates Corp, Goldman Sachs Group Inc., James Investment Research Inc., Wells Fargo & Company MN, Garner Asset Management Corp and Cipher Capital LP. Company insiders that have bought Apollo Investment Corporation 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 Corporation.

Shares of Apollo Investment Corporation 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 Corporation stock can currently be purchased for approximately $5.89.