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 6.13% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 5.26%, 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 5.32% in the last 1 week, and is up 7.22% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 4.47% and the 50-Day Moving Average is 7.45%. Apollo Investment Corporation (NASDAQ:AINV): stock turned positive on Friday. Though the stock opened at $5.84, the bulls momentum made the stock top out at $5.96 level for the day. The stock recorded a low of $5.81 and closed the trading day at $5.94, in the green by 0.51%. The total traded volume for the day was 1,418,903. The stock had closed at $5.91 in the previous days trading.
The company Insiders own 0.26% of Apollo Investment Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 6.71% . Institutional Investors own 44.1% of Apollo Investment Corporation shares. During last six month period, the net percent change held by insiders has seen a change of 6.71%. Also, Bank of America downgrades its view on Apollo Investment Corporation (NASDAQ:AINV) according to the research report released by the firm to its investors. The shares have now been rated Underperform by the stock experts at the ratings house. 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.