Sigma Planning Corp sold 2,732 shares to Apollo Investment Co. (NASDAQ:AINV)


Sigma Planning Corp reduced its stake in shares of Apollo Investment Co. (NASDAQ:AINV – Get Rating ) by 6.9% during the first quarter, HoldingsChannel reports. The fund owned 37,019 shares of the asset manager’s stock after selling 2,732 shares during the period. Sigma Planning Corp’s holdings in Apollo Investment were worth $489,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in the stock. First Horizon Advisors Inc. raised its stake in shares of Apollo Investment by 146.3% during the 4th quarter. First Horizon Advisors Inc. now owns 2,037 shares of the asset manager’s stock valued at $26,000 after acquiring an additional 1,210 shares during the period. Rockefeller Capital Management LP boosted its stake in Apollo Investment by 2.1% in the 4th quarter. Rockefeller Capital Management LP now owns 62,612 shares of the asset manager’s stock valued at $800,000 after purchasing an additional 1,270 shares during the period. Peak Financial Advisors LLC boosted its stake in Apollo Investment by 24.4% in the 4th quarter. Peak Financial Advisors LLC now owns 12,833 shares of the asset manager’s stock valued at $164,000 after purchasing an additional 2,521 shares during the period. AE Wealth Management LLC boosted its stake in Apollo Investment by 6.6% in the first quarter. AE Wealth Management LLC now owns 41,676 shares of the asset manager’s stock valued at $551,000 after purchasing an additional 2,589 shares during the period. Finally, Global Wealth Management Investment Advisory Inc. raised its stake in Apollo Investment by 24.6% during the 4th quarter. Global Wealth Management Investment Advisory Inc. now owns 22,483 shares of the asset manager’s stock valued at $288,000 after buying an additional 4,432 shares during the period. Institutional investors own 30.83% of the company’s shares.

NASDAQ AINV opened at $11.22 on Friday. The company has a debt-to-equity ratio of 1.54, a quick earnings ratio of 1.60, and a current ratio of 1.60. The company has a market cap of $712.69 million, a P/E ratio of 8.83 and a beta of 1.69. Apollo Investment Co. has a one year low of $10.01 and a one year high of $14.03. The stock has a 50-day moving average of $11.70 and a 200-day moving average of $12.69.

Apollo Investment (NASDAQ:AINV – Get Rating ) last posted its earnings results on Thursday, May 19th. The asset manager reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.08. The firm had revenue of $54.74 million during the quarter, compared to the consensus estimate of $53.59 million. Apollo Investment had a return on equity of 9.34% and a net margin of 38.64%. During the same period in the previous year, the company earned $0.39 EPS. As a group, equities analysts predict that Apollo Investment Co. will 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 an increase from Apollo Investment’s previous quarterly dividend of $0.31. This represents an annualized dividend of $1.44 and a dividend yield of 12.83%. The ex-dividend date of this dividend was Wednesday, June 15th. Apollo Investment’s dividend payout ratio is currently 97.64%.

Separately, StockNews.com initiated coverage on Apollo Investment in a research note on Thursday, March 31st. They issued a “hold” rating on 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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Institutional Ownership by Quarter for Apollo Investment (NASDAQ:AINV)



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