Partners Capital Investment Group Lowers stake in Apollo Investment Corp. (AINV)

Apollo Investment Corp. (AINV) : Partners Capital Investment Group reduced its stake in Apollo Investment Corp. by 26.68% during the most recent quarter end. The investment management company now holds a total of 509,710 shares of Apollo Investment Corp. which is valued at $3,027,677 after selling 185,446 shares in Apollo Investment Corp. , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.Apollo Investment Corp. makes up approximately 0.79% of Partners Capital Investment Group’s portfolio.

Other Hedge Funds, Including , Wilbanks Smith Thomas Asset Management added AINV to its portfolio by purchasing 10,300 company shares during the most recent quarter which is valued at $61,182. Apollo Investment Corp. makes up approx 0.01% of Wilbanks Smith Thomas Asset Management’s portfolio. Koshinski Asset Management sold out all of its stake in AINV during the most recent quarter. The investment firm sold 26,646 shares of AINV which is valued $158,277.Pioneer Investment Management Inc reduced its stake in AINV by selling 142,038 shares or 6.88% in the most recent quarter. The Hedge Fund company now holds 1,923,283 shares of AINV which is valued at $11,424,301. Apollo Investment Corp. makes up approx 0.04% of Pioneer Investment Management Inc’s portfolio.Glenmede Trust Co Na reduced its stake in AINV by selling 627 shares or 4.97% in the most recent quarter. The Hedge Fund company now holds 12,000 shares of AINV which is valued at $67,680.Muzinich reduced its stake in AINV by selling 57,453 shares or 2.56% in the most recent quarter. The Hedge Fund company now holds 2,182,889 shares of AINV which is valued at $12,529,783. Apollo Investment Corp. makes up approx 5.47% of Muzinich’s portfolio.

Apollo Investment Corp. opened for trading at $6.11 and hit $6.135 on the upside on Tuesday, eventually ending the session at $6.08, with a gain of 0.33% or 0.02 points. The heightened volatility saw the trading volume jump to 9,56,870 shares. Company has a market cap of $1,368 M.

On the company’s financial health, Apollo Investment Corp. reported $0.17 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Aug 5, 2016. Analyst had a consensus of $0.19.Analysts expectations of $ 84.30.During the same quarter in the previous year, the company posted $0.22 EPS.

Investors should note that on Aug 5, 2016, Apollo Investment Corp. announced a cash dividend of $0.1500. The company’s management has announced Sep 19, 2016 as the ex-dividend date and fixed the record date on Sep 21, 2016. The payable date has been fixed on Oct 5, 2016.

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 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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