Apollo Investment Corp. (AINV) : Apollo Management Holdings scooped up 321,334 additional shares in Apollo Investment Corp. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 8,885,229 shares of Apollo Investment Corp. which is valued at $53,044,817.Apollo Investment Corp. makes up approximately 1.98% of Apollo Management Holdings’s portfolio.
Other Hedge Funds, Including , Greenwich Investment Management boosted its stake in AINV in the latest quarter, The investment management firm added 351,325 additional shares and now holds a total of 481,250 shares of Apollo Investment Corp. which is valued at $2,873,063. Apollo Investment Corp. makes up approx 2.89% of Greenwich Investment Management’s portfolio.Lucus Advisors boosted its stake in AINV in the latest quarter, The investment management firm added 5,320 additional shares and now holds a total of 67,543 shares of Apollo Investment Corp. which is valued at $385,671. Apollo Investment Corp. makes up approx 0.37% of Lucus Advisors’s portfolio.Neuberger Berman Group boosted its stake in AINV in the latest quarter, The investment management firm added 800 additional shares and now holds a total of 109,170 shares of Apollo Investment Corp. which is valued at $634,278.Sanders Morris Harris reduced its stake in AINV by selling 127,495 shares or 99.9% in the most recent quarter. The Hedge Fund company now holds 129 shares of AINV which is valued at $780.
Apollo Investment Corp. closed down -0.03 points or -0.50% at $6.02 with 26,71,352 shares getting traded on Monday. Post opening the session at $6.07, the shares hit an intraday low of $5.97 and an intraday high of $6.07 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
On the company’s financial health, Apollo Investment Corp. reported $0.18 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Nov 8, 2016. Analyst had a consensus of $0.17.Analysts expectations of $ 73.08.During the same quarter in the previous year, the company posted $0.21 EPS.
Investors should note that on Nov 8, 2016, Apollo Investment Corp. announced a cash dividend of $0.1500. The company’s management has announced Dec 19, 2016 as the ex-dividend date and fixed the record date on Dec 21, 2016. The payable date has been fixed on Jan 5, 2017.
Apollo Investment Corporation (Apollo Investment) is a closed-end externally managed non-diversified management investment company. The Company’s 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 Company’s investment adviser.