Apollo Tactical Income Fund (NYSE:AIF) PT Raised to $38.00

Apollo Tactical Income Fund (NYSE:AIF) had its price objective hoisted by BMO Capital Markets from $33.00 to $38.00 in a report released on Friday, Stock Target Advisor reports. The firm currently has an outperform rating on the stock.

Separately, CIBC restated a sell rating and issued a $26.00 price objective on shares of Apollo Tactical Income Fund in a report on Monday, July 29th.

NYSE AIF opened at $14.66 on Friday. Apollo Tactical Income Fund has a twelve month low of $12.95 and a twelve month high of $15.91. The firm has a fifty day moving average of $14.83.

The firm also recently declared a monthly dividend, which will be paid on Friday, August 30th. Shareholders of record on Monday, August 19th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, August 16th. This represents a $1.20 dividend on an annualized basis and a yield of 8.19%.

Institutional investors have recently modified their holdings of the business. FNY Investment Advisers LLC bought a new position in shares of Apollo Tactical Income Fund during the 1st quarter worth about $50,000. Mid Atlantic Financial Management Inc. ADV bought a new position in shares of Apollo Tactical Income Fund during the 1st quarter worth about $154,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of Apollo Tactical Income Fund by 35.0% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 17,503 shares of the company’s stock worth $257,000 after purchasing an additional 4,540 shares in the last quarter. Capital Investment Advisors LLC boosted its position in shares of Apollo Tactical Income Fund by 35.5% during the 1st quarter. Capital Investment Advisors LLC now owns 37,200 shares of the company’s stock worth $546,000 after purchasing an additional 9,750 shares in the last quarter. Finally, First Trust Advisors LP boosted its position in shares of Apollo Tactical Income Fund by 3.8% during the 1st quarter. First Trust Advisors LP now owns 78,704 shares of the company’s stock worth $1,156,000 after purchasing an additional 2,904 shares in the last quarter.

Apollo Tactical Income Fund Company Profile

Apollo Tactical Income Fund Inc is a closed-ended fixed income fund launched and managed by Apollo Credit Management, LLC. The fund invests in fixed income markets. It primarily invests in senior secured loans including floating rate senior loans, high yield corporate bonds, and other credit instruments of varying maturities made to companies whose debt is typically rated below investment grade.

Further Reading: How is a Moving Average Calculated?

Receive News & Ratings for Apollo Tactical Income Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apollo Tactical Income Fund and related companies with MarketBeat.com's FREE daily email newsletter.