Apollo Investment (NASDAQ:AINV) posted its earnings results on Tuesday. The asset manager reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.04, Bloomberg Earnings reports. Apollo Investment had a net margin of 28.20% and a return on equity of 9.48%. During the same period last year, the business posted $0.45 EPS.
Shares of Apollo Investment stock traded up $0.23 on Tuesday, reaching $16.08. The company had a trading volume of 377,200 shares, compared to its average volume of 338,895. The business has a 50 day simple moving average of $16.18. The stock has a market cap of $1.08 billion, a price-to-earnings ratio of 8.88, a PEG ratio of 9.00 and a beta of 1.11. Apollo Investment has a 52-week low of $12.05 and a 52-week high of $17.82. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.86.
A number of equities research analysts have recently issued reports on AINV shares. National Securities reissued a “neutral” rating and issued a $18.00 price target on shares of Apollo Investment in a research note on Monday, May 20th. Zacks Investment Research downgraded shares of Apollo Investment from a “buy” rating to a “hold” rating in a research note on Wednesday, July 31st. TheStreet raised shares of Apollo Investment from a “c” rating to a “b-” rating in a research note on Friday, June 7th. ValuEngine raised shares of Apollo Investment from a “sell” rating to a “hold” rating in a research note on Friday, May 3rd. Finally, BidaskClub downgraded shares of Apollo Investment from a “buy” rating to a “hold” rating in a research note on Tuesday, June 11th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $17.67.
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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