Apollo Investment Corporation (NASDAQ:AINV): The mean estimate for the short term price target for Apollo Investment Corporation (NASDAQ:AINV) stands at $6.42 according to 9 Analysts. The higher price target estimate for the stock has been calculated at $9 while the lower price target estimate is at $5.
Many analysts have stated their opinion on the company shares. Equity Analysts at the Brokerage Firm, Keefe Bruyette & Woods, downgrades their rating on the shares of Apollo Investment Corporation (NASDAQ:AINV). Keefe Bruyette & Woods has a Market Perform rating on the shares. Previously, the analysts had a Outperform rating on the shares. As per the latest research report, the brokerage house lowers the price target to $5.75 per share from a prior target of $6. The rating by the firm was issued on May 20, 2016. Company shares have received an average consensus rating of Hold for the current week
On the companys insider trading activities, Hunt Gregory W., CFO of Apollo Investment Corp, executed a transaction worth $27,450 on December 16, 2015. A total of 5,000 shares were purchased at an average price of $5.49. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.
Apollo Investment Corporation (NASDAQ:AINV) : On Monday heightened volatility was witnessed in Apollo Investment Corporation (NASDAQ:AINV) which led to swings in the share price. The stock opened for trading at $5.46 and hit $5.59 on the upside , eventually ending the session at $5.58, with a gain of 1.82% or 0.1 points. The heightened volatility saw the trading volume jump to 1,415,187 shares. The 52-week high of the share price is $7.71 and the company has a market cap of $1,262 million. The 52-week low of the share price is at $4.26 .
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.