Muzinich Lowers stake in Apollo Investment Corp. (AINV)

Apollo Investment Corp. (AINV) : Muzinich reduced its stake in Apollo Investment Corp. by 8.38% during the most recent quarter end. The investment management company now holds a total of 2,240,342 shares of Apollo Investment Corp. which is valued at $12,971,580 after selling 204,974 shares in Apollo Investment Corp. , the firm said in a disclosure report filed with the SEC on Apr 13, 2016.Apollo Investment Corp. makes up approximately 5.69% of Muzinich’s portfolio.

Apollo Investment Corp. opened for trading at $5.77 and hit $5.85 on the upside on Monday, eventually ending the session at $5.8, with a gain of 0.17% or 0.01 points. The heightened volatility saw the trading volume jump to 5,90,645 shares. Company has a market cap of $1,312 M.

Other Hedge Funds, Including , Edge Wealth Management reduced its stake in AINV by selling 53,825 shares or 85.73% in the most recent quarter. The Hedge Fund company now holds 8,959 shares of AINV which is valued at $52,052. Apollo Investment Corp. makes up approx 0.02% of Edge Wealth Management’s portfolio.Eqis Capital Management boosted its stake in AINV in the latest quarter, The investment management firm added 8,255 additional shares and now holds a total of 19,579 shares of Apollo Investment Corp. which is valued at $113,754. Apollo Investment Corp. makes up approx 0.01% of Eqis Capital Management’s portfolio.Livingston Group Asset Management Co (operating As Southp… reduced its stake in AINV by selling 4,983 shares or 10.91% in the most recent quarter. The Hedge Fund company now holds 40,704 shares of AINV which is valued at $236,490. Apollo Investment Corp. makes up approx 0.15% of Livingston Group Asset Management Co (operating As Southp…’s portfolio.

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 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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