Institutional Investors Are Betting On Apollo Investment Corp (NASDAQ:AINV)

October 13, 2017 - By Ellis Scott

 Institutional Investors Are Betting On Apollo Investment Corp (NASDAQ:AINV)

Sentiment for Apollo Investment Corp (NASDAQ:AINV)

Apollo Investment Corp (NASDAQ:AINV) institutional sentiment increased to 1.12 in 2017 Q2. Its up 0.03, from 1.09 in 2017Q1. The ratio is better, as 73 active investment managers started new or increased holdings, while 65 cut down and sold positions in Apollo Investment Corp. The active investment managers in our partner’s database now hold: 96.57 million shares, up from 94.52 million shares in 2017Q1. Also, the number of active investment managers holding Apollo Investment Corp in their top 10 holdings was flat from 4 to 4 for the same number . Sold All: 13 Reduced: 52 Increased: 55 New Position: 18.

Apollo Investment Corporation is a closed-end, externally managed, non-diversified management investment company. The company has market cap of $1.32 billion. The Company’s investment objective is to generate current income and capital appreciation. It has a 14.98 P/E ratio. It invests primarily in various forms of debt investments, including secured and unsecured debt, loan investments and/or equity in private middle-market companies.

About 563,696 shares traded. Apollo Investment Corp. (NASDAQ:AINV) has risen 17.01% since October 13, 2016 and is uptrending. It has outperformed by 0.31% the S&P500.

Wall Street await Apollo Investment Corp. (NASDAQ:AINV) to release earnings on November, 14. Analysts forecast earnings per share of $0.16, down exactly $0.02 or 11.11 % from 2014’s $0.18 EPS. The expected AINV’s profit could reach $35.08M giving the stock 9.41 P/E in the case that $0.16 earnings per share is reported. After posting $0.15 EPS for the previous quarter, Apollo Investment Corp.’s analysts now forecast 6.67 % EPS growth.

Muzinich & Co. Inc. holds 5.35% of its portfolio in Apollo Investment Corp. for 9.57 million shares. Greenwich Investment Management Inc. owns 591,300 shares or 4.41% of their US portfolio. Moreover, Raiff Partners Inc has 3.68% invested in the company for 200,000 shares. The Ohio-based Camelot Portfolios Llc has invested 3.35% in the stock. Graybill Bartz & Assoc Ltd, a Illinois-based fund reported 372,177 shares.#img1#

Apollo Investment Corp. (NASDAQ:AINV) Ratings Coverage

Ratings analysis reveals 38% of Apollo Investment’s analysts are positive. Out of 13 Wall Street analysts rating Apollo Investment, 5 give it “Buy”, 1 “Sell” rating, while 7 recommend “Hold”. The lowest target is $5.75 while the high is $8.50. The stock’s average target of $6.77 is 12.46% above today’s ($6.02) share price. AINV was included in 22 notes of analysts from July 22, 2015. The rating was maintained by Citigroup with “Neutral” on Friday, August 21. The firm has “Buy” rating by Cantor Fitzgerald given on Tuesday, September 1. DA Davidson initiated the stock with “Neutral” rating in Wednesday, September 30 report. As per Tuesday, August 15, the company rating was maintained by Jefferies. The stock of Apollo Investment Corp. (NASDAQ:AINV) earned “Buy” rating by Cantor Fitzgerald on Sunday, August 9. The firm has “Buy” rating by Maxim Group given on Monday, August 10. UBS maintained Apollo Investment Corp. (NASDAQ:AINV) on Monday, September 14 with “Buy” rating. The stock of Apollo Investment Corp. (NASDAQ:AINV) earned “Sell” rating by Citigroup on Thursday, February 11. The firm has “Hold” rating given on Thursday, October 5 by Keefe Bruyette & Woods. Wood downgraded Apollo Investment Corp. (NASDAQ:AINV) rating on Friday, May 20. Wood has “Market Perform” rating and $5.75 target.

More recent Apollo Investment Corp. (NASDAQ:AINV) news were published by: Seekingalpha.com which released: “Apollo Investment Corp. Is Undervalued” on July 31, 2017. Also Prnewswire.com published the news titled: “Initiating Research Reports on Asset Management Equities — Apollo Investment …” on October 09, 2017. Businesswire.com‘s news article titled: “Apollo Investment Corporation Schedules Earnings Release and Conference Call …” with publication date: September 27, 2017 was also an interesting one.

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