Apollo Investment Corp. (AINV) Releases Earnings Results, Misses Expectations By $-0.02 EPS

Apollo Investment Corp. (AINV) reported quarterly earnings results on Friday, Aug-5-2016. The company reported $0.17 earnings per share for the quarter, missing the analyst consensus estimate by $-0.02. Analysts had a consensus of $0.19. Analysts expectations of $84.30 million. During the same quarter in the previous year, the company posted $0.22 EPS.

Many Wall Street Analysts have commented on Apollo Investment Corp.. Apollo Investment Corp. was Downgraded by BofA/Merrill to ” Underperform” on Jul 8, 2016. Apollo Investment Corp. was Downgraded by Keefe Bruyette to ” Mkt Perform” on May 20, 2016. Apollo Investment Corp. was Downgraded by BB&T Capital Mkts to ” Hold” on May 20, 2016.

Apollo Investment Corp. closed down -0.04 points or -0.70% at $5.71 with 8,26,118 shares getting traded on Thursday. Post opening the session at $5.76, the shares hit an intraday low of $5.65 and an intraday high of $5.76 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

In a different news, on Jun 13, 2016, Hilary E. Ackermann (director) purchased 4,000 shares at $5.47 per share price. According to the SEC, on Dec 18, 2015, Gregory W. Hunt (CFO) purchased 5,000 shares at $5.49 per share price. On Aug 11, 2015, Edward J. Goldthorpe (President) 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.

Apollo Investment Corp.

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