AE Wealth Management LLC raised its stake in Apollo Investment Co. (NASDAQ:AINV – Get Rating ) by 6.6% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 41,676 shares of the asset manager’s stock after acquiring an additional 2,589 shares during the quarter. AE Wealth Management LLC’s holdings in Apollo Investment were worth $551,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of AINV. Allspring Global Investments Holdings LLC purchased a new stake in Apollo Investment during the 4th quarter valued at $29,591,000. Arete Wealth Advisors LLC purchased a new stake in Apollo Investment during the 4th quarter valued at $3,390,000. Clear Harbor Asset Management LLC boosted its holdings in Apollo Investment by 106.8% in the 4th quarter. Clear Harbor Asset Management LLC now owns 440,755 shares of the asset manager’s stock valued at $5,637,000 after acquiring an additional 227,575 shares during the last quarter. Van ECK Associates Corp boosted its holdings in shares of Apollo Investment by 7.8% in the fourth quarter. Van ECK Associates Corp now owns 982,997 shares of the asset manager’s stock valued at $12,572,000 after buying an additional 70,831 shares in the last quarter. Finally, NTB Financial Corp bought a new stake in shares of Apollo Investment in the fourth quarter valued at $686,000. 30.83% of the stock is owned by institutional investors.
Shares of Apollo Investment stock opened at $11.30 on Friday. Apollo Investment Co. has a 52-week low of $10.01 and a 52-week high of $14.03. The firm has a market cap of $717.78 million, a price-to-earnings ratio of 8.90 and a beta of 1.69. The company has a fifty day simple moving average of $11.67 and a 200 day simple moving average of $12.69. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 1.54.
Apollo Investment (NASDAQ:AINV – Get Rating ) last announced its quarterly earnings results on Thursday, May 19th. The asset manager reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.08. The firm had revenue of $54.74 million for the quarter, compared to analysts’ expectations of $53.59 million. Apollo Investment had a net margin of 38.64% and a return on equity of 9.34%. In the same quarter last year, the company reported $0.39 EPS. On average, research analysts expect Apollo Investment Co. to post 1.4 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, July 7th. Shareholders of record on Thursday, June 16th were given a dividend of $0.36 per share. This is a boost from Apollo Investment’s previous quarterly dividend of $0.31. The ex-dividend date was Wednesday, June 15th. This represents a $1.44 annual dividend and a dividend yield of 12.74%. Apollo Investment’s payout ratio is currently 97.64%.
Separately, StockNews.com assumed coverage on shares of Apollo Investment in a report on Thursday, March 31st. They assign a “hold” rating to the company.
Apollo Investment Profile (Get Rating)
Apollo Investment Corporation is a business development and closed-end, externally managed, non-diversified investment company. It has elected to be treated as a business development company (BDC) under the Investment Company Act of 1940 (the 1940 Act), specializing in private equity investments in leveraged buyouts, acquisitions, recapitalizations, growth capital, refinancing and private middle market companies.
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