Apollo Investment Corp. (AINV) reported quarterly earnings results on Thursday, May-19-2016. The company reported $0.20 earnings per share for the quarter, missing the analyst consensus estimate by $-0.01. Analysts had a consensus of $0.21. The company posted revenue of $85.30 million in the period, compared to analysts expectations of $90.74 million. The company’s revenue was down -16.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.22 EPS.
Apollo Investment Corp. opened for trading at $5.65 and hit $5.78 on the upside on Monday, eventually ending the session at $5.69, with a gain of 0.71% or 0.04 points. The heightened volatility saw the trading volume jump to 5,41,328 shares. Company has a market cap of $1,287 M.
In a different news, on Dec 18, 2015, Gregory W. Hunt (CFO) purchased 5,000 shares at $5.49 per share price. According to the SEC, on Aug 11, 2015, Edward J. Goldthorpe (President) purchased 10,000 shares at $6.88 per share price. On Aug 10, 2015, James C Zelter (CEO) purchased 10,000 shares at $6.88 per share price, according to the Form-4 filing with the securities and exchange commission.
Apollo Investment Corporation (Apollo Investment) is a closed-end externally managed non-diversified management investment company. The Company’s investment objective is to generate current income and capital appreciation. The Company invests primarily in various forms of debt investments including secured and unsecured debt loan investments and/or equity in private middle-market companies. It may also invest in the securities of public companies and structured products such as collateralized loan obligations (CLOs) and credit-linked notes (CLNs). It invests in middle-market which include companies with annual revenues between $50 million and $2 billion. It may also invest a portion of the portfolio in other investment opportunities including foreign securities and structured products. Apollo Investment Management L.P. is the Company’s investment adviser.