Apollo Investment Corporation (AINV) : 8 Wall Street analysts covering Apollo Investment Corporation (AINV) believe that the average level the stock could reach for the short term is $6.31. The maximum price target given is $9 and the minimum target for short term is around $5, hence the standard deviation is calculated at $1.19.
Apollo Investment Corporation (AINV) : 3 brokerage houses believe that Apollo Investment Corporation (AINV) is a Strong Buy at current levels. 6 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Apollo Investment Corporation (AINV). Zacks Investment Research suggests a Sell with a rank of 4. 1 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock.The median of all the 10 Wall Street Analysts endorse the stock as a Buy with a rating of 2.5.
Also, Brokerage firm Bank of America downgrades its rating on Apollo Investment Corporation (NASDAQ:AINV). The shares have been rated Underperform. The rating by the firm was issued on July 8, 2016.
Apollo Investment Corporation (NASDAQ:AINV): The stock opened at $6.11 on Thursday but the bulls could not build on the opening and the stock topped out at $6.13 for the day. The stock traded down to $6.06 during the day, due to lack of any buying support eventually closed down at $6.11 with a loss of -0.33% for the day. The stock had closed at $6.13 on the previous day. The total traded volume was 652,558 shares.
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.