Apollo Investment Corp. (AINV) : Meridian Investment Counsel scooped up 1,325 additional shares in Apollo Investment Corp. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 10, 2016. The investment management firm now holds a total of 179,750 shares of Apollo Investment Corp. which is valued at $1,067,715.Apollo Investment Corp. makes up approximately 0.70% of Meridian Investment Counsel’s portfolio.
Other Hedge Funds, Including , Concert Wealth Management boosted its stake in AINV in the latest quarter, The investment management firm added 55 additional shares and now holds a total of 25,593 shares of Apollo Investment Corp. which is valued at $147,416. Apollo Investment Corp. makes up approx 0.02% of Concert Wealth Management’s portfolio.Essex Financial Services reduced its stake in AINV by selling 8,750 shares or 42.17% in the most recent quarter. The Hedge Fund company now holds 12,000 shares of AINV which is valued at $69,120. Apollo Investment Corp. makes up approx 0.02% of Essex Financial Services’s portfolio.Patriot Wealth Management boosted its stake in AINV in the latest quarter, The investment management firm added 14,435 additional shares and now holds a total of 735,550 shares of Apollo Investment Corp. which is valued at $4,222,057. Apollo Investment Corp. makes up approx 0.81% of Patriot Wealth Management’s portfolio.
Apollo Investment Corp. closed down -0.01 points or -0.16% at $6.06 with 7,33,541 shares getting traded on Friday. Post opening the session at $6, the shares hit an intraday low of $5.99 and an intraday high of $6.06 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
On the company’s financial health, Apollo Investment Corp. reported $0.17 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Aug 5, 2016. Analyst had a consensus of $0.19.Analysts expectations of $ 84.30.During the same quarter in the previous year, the company posted $0.22 EPS.
Investors should note that on Aug 5, 2016, Apollo Investment Corp. announced a cash dividend of $0.1500. The company’s management has announced Sep 19, 2016 as the ex-dividend date and fixed the record date on Sep 21, 2016. The payable date has been fixed on Oct 5, 2016.
Many Wall Street Analysts have commented on Apollo Investment Corp.. Apollo Investment Corp. was Downgraded by BofA/Merrill to ” Underperform” on Jul 8, 2016. Apollo Investment Corp. was Downgraded by Keefe Bruyette to ” Mkt Perform” on May 20, 2016. Apollo Investment Corp. was Downgraded by BB&T Capital Mkts to ” Hold” on May 20, 2016.
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.