Apollo Investment Corporation (AINV) : Traders are bullish on Apollo Investment Corporation (AINV) as it has outperformed the S&P 500 by a wide margin of 5.91% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.05%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.02% in the last 1 week, and is up 6.32% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Apollo Investment Corporation is up 20.58% in the last 3-month period. Year-to-Date the stock performance stands at 24.77%. The stock has recorded a 20-day Moving Average of 4.74% and the 50-Day Moving Average is 8.08%.
Apollo Investment Corporation (NASDAQ:AINV): The stock opened at $6.00 on Friday but the bulls could not build on the opening and the stock topped out at $6.06 for the day. The stock traded down to $5.99 during the day, due to lack of any buying support eventually closed down at $6.06 with a loss of -0.16% for the day. The stock had closed at $6.07 on the previous day. The total traded volume was 733,541 shares.
Also, Equity Analysts at the Brokerage Firm, Bank of America, downgrades their rating on the shares of Apollo Investment Corporation (NASDAQ:AINV). Bank of America has a Underperform rating on the shares. The rating by the firm was issued on July 8, 2016.
Apollo Investment Corporation (Apollo Investment) is a closed-end, externally managed, non-diversified management investment company. The Companys investment objective is to generate current income and capital appreciation. The Company 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 structured products, such as collateralized loan obligations (CLOs) and credit-linked notes (CLNs). It invests in middle-market, which include companies with annual revenues between $50 million and $2 billion. It may also invest a portion of the portfolio in other investment opportunities, including foreign securities and structured products. Apollo Investment Management, L.P. is the Companys investment adviser.