Graybill Bartz Assoc Ltd Lowers stake in Apollo Investment Corp. (AINV)

Apollo Investment Corp. (AINV) : Graybill Bartz Assoc Ltd reduced its stake in Apollo Investment Corp. by 2.53% during the most recent quarter end. The investment management company now holds a total of 360,946 shares of Apollo Investment Corp. which is valued at $2.1 Million after selling 9,372 shares in Apollo Investment Corp. according to a report filed by the company on Apr 5, 2016 with the SEC.Apollo Investment Corp. makes up approximately 1.92% of Graybill Bartz Assoc Ltd’s portfolio.

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On the company’s financial health, Apollo Investment Corp. reported $0.21 EPS for the quarter, based on the information available during the earnings call on Feb 9, 2016. Analyst had a consensus estimate of $0.21. The company had revenue of $94.33 million for the quarter, compared to analysts expectations of $94.29 million. The company’s revenue was down -14.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.24 EPS.

Many Wall Street Analysts have commented on Apollo Investment Corp.. Apollo Investment Corp. was Downgraded by JMP Securities to ” Mkt Perform” on Feb 11, 2016. Apollo Investment Corp. was Downgraded by Citigroup to ” Sell” on Feb 10, 2016. Shares were Reiterated by Barclays on Feb 10, 2016 to “Equal Weight” and Lowered the Price Target to $ 6 from a previous price target of $7 .

Apollo Investment Corp. closed down -0.01 points or -0.17% at $5.81 with 4,48,069 shares getting traded on Monday. Post opening the session at $5.82, the shares hit an intraday low of $5.81 and an intraday high of $5.8811 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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.

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