Apollo Investment Corporation (AINV) : The consensus on Apollo Investment Corporation (AINV) based on 10 analyst recommendation on the company stock is 2.5, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 4 which endorses a Sell on the stock. However, 3 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 6 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on Apollo Investment Corporation (AINV).
Apollo Investment Corporation (AINV) : Currently there are 7 street experts covering Apollo Investment Corporation (AINV) stock. The most bullish and bearish price target for the stock is $8 and $5 respectively for the short term. The average price target of all the analysts comes to $6. The estimated standard deviation from the target is $0.85.
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 (NASDAQ:AINV): After opening at $5.93, the stock dipped to an intraday low of $5.92 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $6.04 and the buying power remained strong till the end. The stock closed at $6.01 for the day, a gain of 0.84% for the day session. The total traded volume was 769,852. The stocks close on the previous trading day was $5.96.
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.