LPL Financial LLC lowered its position in shares of Apollo Investment Corp. (NASDAQ:AINV) by 27.8% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 139,578 shares of the asset manager’s stock after selling 53,832 shares during the period. LPL Financial LLC owned about 0.06% of Apollo Investment worth $729,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Two Sigma Advisers LP increased its stake in shares of Apollo Investment by 208.1% in the 4th quarter. Two Sigma Advisers LP now owns 581,164 shares of the asset manager’s stock worth $3,289,000 after acquiring an additional 392,545 shares in the last quarter. PVG Asset Management Corp bought a new stake in Apollo Investment during the 4th quarter valued at about $3,092,000. Goldman Sachs Group Inc. boosted its holdings in shares of Apollo Investment by 38.6% during the 4th quarter. Goldman Sachs Group Inc. now owns 745,855 shares of the asset manager’s stock valued at $4,222,000 after acquiring an additional 207,660 shares during the last quarter. HBK Investments L P boosted its holdings in shares of Apollo Investment by 26.0% during the 4th quarter. HBK Investments L P now owns 46,100 shares of the asset manager’s stock valued at $261,000 after acquiring an additional 9,500 shares during the last quarter. Finally, Quantbot Technologies LP boosted its holdings in shares of Apollo Investment by 260.9% during the 1st quarter. Quantbot Technologies LP now owns 21,952 shares of the asset manager’s stock valued at $114,000 after acquiring an additional 15,870 shares during the last quarter. 47.33% of the stock is owned by institutional investors and hedge funds.
A number of analysts have recently issued reports on AINV shares. BidaskClub downgraded shares of Apollo Investment from a “hold” rating to a “sell” rating in a report on Friday, April 20th. Zacks Investment Research raised shares of Apollo Investment from a “hold” rating to a “buy” rating and set a $6.00 price objective on the stock in a report on Thursday, April 12th. ValuEngine downgraded shares of Apollo Investment from a “hold” rating to a “sell” rating in a report on Wednesday, May 2nd. National Securities reissued a “neutral” rating and issued a $6.00 price objective on shares of Apollo Investment in a report on Monday, May 21st. Finally, TheStreet raised shares of Apollo Investment from a “c” rating to a “b-” rating in a report on Friday, June 8th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $6.34.
Apollo Investment (NASDAQ:AINV) last released its quarterly earnings data on Friday, May 18th. The asset manager reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.01). Apollo Investment had a net margin of 33.55% and a return on equity of 9.18%. The company had revenue of $61.50 million for the quarter, compared to the consensus estimate of $64.17 million. During the same quarter in the previous year, the business earned $0.17 EPS. The company’s quarterly revenue was down 7.2% on a year-over-year basis. equities analysts expect that Apollo Investment Corp. will post 0.62 EPS for the current year.
About Apollo Investment
Apollo Investment Corporation is business development company specializing in middle market companies. It provides direct equity capital, mezzanine and senior secured loans, unsecured debt, and subordinated debt and loans. It also seeks to invest in PIPES transactions. The fund may also invest in securities of public companies that are thinly traded and may acquire investments in the secondary market and structured products.
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