Apollo Investment Corporation (NASDAQ:AINV) : 3 brokerage houses believe that Apollo Investment Corporation (NASDAQ:AINV) is a Strong Buy at current levels. 8 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Apollo Investment Corporation (NASDAQ:AINV). Zacks Investment Research suggests a Sell with a rank of 4.The median of all the 11 Wall Street Analysts endorse the stock as a Buy with a rating of 2.45.
Apollo Investment Corporation (NASDAQ:AINV) : 9 Wall Street analysts covering Apollo Investment Corporation (NASDAQ:AINV) believe that the average level the stock could reach for the short term is $6.42. The maximum price target given is $9 and the minimum target for short term is around $5, hence the standard deviation is calculated at $1.17.
Company shares have received an average consensus rating of Hold for the current week Also, Keefe Bruyette & Woods downgrades their rating on the shares of Apollo Investment Corporation (NASDAQ:AINV). The current rating of the shares is Market Perform. Earlier, the shares were rated a Outperform by the brokerage firm. Equity Analysts at the Firm lowers the price target to $5.75 per share from $6 per share. The rating by the firm was issued on May 20, 2016.
Apollo Investment Corporation (NASDAQ:AINV): stock turned positive on Tuesday. Though the stock opened at $5.37, the bulls momentum made the stock top out at $5.38 level for the day. The stock recorded a low of $5.26 and closed the trading day at $5.32, in the green by 1.14%. The total traded volume for the day was 1,883,261. The stock had closed at $5.26 in the previous days trading.
In an insider trading activity, Ackermann Hilary E., director of Apollo Investment Corp, executed a transaction worth $21,880 on June 10, 2016. A total of 4,000 shares were purchased at an average price of $5.47. 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 (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.