News stories about Apollo Investment Corporation (NASDAQ:AINV) have been trending somewhat positive this week, according to Accern Sentiment. The research firm scores the sentiment of press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Apollo Investment Corporation earned a media sentiment score of 0.23 on Accern’s scale. Accern also gave news articles about the asset manager an impact score of 45.985412646163 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the news articles that may have impacted Accern Sentiment Analysis’s rankings:
- Apollo Investment Corporation (AINV) stock Dividend Yield stands at 9.46% – Voice Of Analysts (analystsbuzz.com)
- Active Runner in Focus – Apollo Investment Corp (AINV) – Sparta Review (spartareview.com)
- Choosing Between Apollo Investment Corporation (AINV) and Och-Ziff Capital Management Group LLC (OZM) – StockNewsGazette (stocknewsgazette.com)
- See what the IHS Markit Score report has to say about Apollo Investment Corp. (finance.yahoo.com)
- IHS Markit Score Update: Drop in demand for ETFs holding Apollo Investment Corp is a negative sign for its shares (finance.yahoo.com)
Several equities research analysts have recently weighed in on the stock. Bank of America Corporation reaffirmed an “underperform” rating and issued a $6.00 price target (up previously from $5.50) on shares of Apollo Investment Corporation in a research report on Wednesday. BidaskClub cut shares of Apollo Investment Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. Zacks Investment Research raised shares of Apollo Investment Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday. BMO Capital Markets reiterated a “hold” rating and set a $6.00 price objective on shares of Apollo Investment Corporation in a research note on Thursday, May 18th. Finally, Keefe, Bruyette & Woods set a $7.00 price objective on shares of Apollo Investment Corporation and gave the stock a “hold” rating in a research note on Wednesday, May 31st. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $6.33.
Shares of Apollo Investment Corporation (AINV) traded up 0.32% on Friday, reaching $6.29. 1,035,249 shares of the company’s stock were exchanged. Apollo Investment Corporation has a one year low of $5.65 and a one year high of $6.82. The firm has a 50 day moving average of $6.37 and a 200 day moving average of $6.37.
Apollo Investment Corporation (NASDAQ:AINV) last released its quarterly earnings results on Friday, August 4th. The asset manager reported $0.15 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.15. Apollo Investment Corporation had a return on equity of 9.75% and a net margin of 33.04%. The business had revenue of $66.70 million during the quarter, compared to analyst estimates of $65.19 million. During the same quarter last year, the company posted $0.17 EPS. Apollo Investment Corporation’s revenue for the quarter was down 12.8% on a year-over-year basis. Equities research analysts expect that Apollo Investment Corporation will post $0.64 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 5th. Investors of record on Thursday, September 21st will be given a $0.15 dividend. The ex-dividend date is Wednesday, September 20th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 9.54%. Apollo Investment Corporation’s dividend payout ratio (DPR) is 150.00%.
About Apollo Investment Corporation
Apollo Investment Corporation is a closed-end, externally managed, non-diversified management investment company. The Company’s investment objective is to generate current income and capital appreciation. It invests primarily in various forms of debt investments, including secured and unsecured debt, loan investments and/or equity in private middle-market companies.
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