Apollo Investment Corporation (AINV) : 10 analysts are covering Apollo Investment Corporation (AINV) and their average rating on the stock is 2.5, which is read as a Buy. 3 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 4, which recommends a Sell affirms that they expect a large upside in the stock from the current levels. 1 more analyst has given the stock a Sell recommendation. A total of 6 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Apollo Investment Corporation (AINV) : Average target price received by Apollo Investment Corporation (AINV) is $6.31 with an expected standard deviation of $1.19. The most aggressive target on the stock is $9, whereas the most downbeat target is $5. 8 financial analysts are currently covering the stock.
Company shares have received an average consensus rating of Hold for the current week Apollo Investment Corporation (NASDAQ:AINV): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $5.77 and $5.74 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $5.92. The buying momentum continued till the end and the stock did not give up its gains. It closed at $5.91, notching a gain of 2.25% for the day. The total traded volume was 1,201,679 . The stock had closed at $5.78 on the previous day.
In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Apollo Investment Corp, Ackermann Hilary E., had purchased 4,000 shares in a transaction dated on June 10, 2016. The transaction was executed at $5.47 per share with total amount equaling $21,880.
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.