Apollo Investment Corporation (NASDAQ:AINV) has risen sharply, recording gains of 0.55% in the past 4 weeks. However, the stock has corrected -1.96% in the past 1 week, providing a good buying opportunity on dips. Apollo Investment Corporation (NASDAQ:AINV) : During the past 4 weeks, traders have been relatively bearish on Apollo Investment Corporation (NASDAQ:AINV), hence the stock is down -1.05% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -3.2% relative to the S&P 500.
The company shares have dropped -23.15% from its 1 Year high price. On Jul 13, 2015, the shares registered one year high at $7.29 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $5.43 and the 200 Day Moving Average price is recorded at $5.37.
The stock has recorded a 20-day Moving Average of 1.16% and the 50-Day Moving Average is 2.56%.
Apollo Investment Corporation (NASDAQ:AINV): On Fridays trading session , Opening price of the stock was $5.58 with an intraday high of $5.6207. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $5.5. However, the stock managed to close at $5.51, a loss of 2.99% for the day. On the previous day, the stock had closed at $5.68. The total traded volume of the day was 1,637,063 shares.
In an insider trading activity, Ackermann Hilary E., director of Apollo Investment Corp, had purchased 4,000 shares on June 10, 2016. The total value of the transaction was $21,880. The information was disclosed with the SEC in a Form 4 Filing. The information is based on open market trades at the market prices.Option exercises are not covered.
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.