Apollo Investment Corp. (AINV) : Patriot Wealth Management scooped up 14,435 additional shares in Apollo Investment Corp. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 26, 2016. The investment management firm now holds a total of 735,550 shares of Apollo Investment Corp. which is valued at $4,222,057.Apollo Investment Corp. makes up approximately 0.81% of Patriot Wealth Management’s portfolio.
Other Hedge Funds, Including , Green Square Capital boosted its stake in AINV in the latest quarter, The investment management firm added 33,575 additional shares and now holds a total of 63,351 shares of Apollo Investment Corp. which is valued at $363,635. Apollo Investment Corp. makes up approx 0.09% of Green Square Capital’s portfolio.Cibc World Markets reduced its stake in AINV by selling 7,839 shares or 7.18% in the most recent quarter. The Hedge Fund company now holds 101,372 shares of AINV which is valued at $577,820.Capital One National Association reduced its stake in AINV by selling 3,881 shares or 18.19% in the most recent quarter. The Hedge Fund company now holds 17,460 shares of AINV which is valued at $98,998. Apollo Investment Corp. makes up approx 0.01% of Capital One National Association’s portfolio.Regent Investment Management reduced its stake in AINV by selling 1,000 shares or 1.22% in the most recent quarter. The Hedge Fund company now holds 81,100 shares of AINV which is valued at $452,538. Apollo Investment Corp. makes up approx 0.24% of Regent Investment Management’s portfolio.Davenport Co boosted its stake in AINV in the latest quarter, The investment management firm added 500 additional shares and now holds a total of 23,331 shares of Apollo Investment Corp. which is valued at $128,787.
Apollo Investment Corp. opened for trading at $5.7 and hit $5.77 on the upside on Friday, eventually ending the session at $5.76, with a gain of 0.88% or 0.05 points. The heightened volatility saw the trading volume jump to 7,59,368 shares. Company has a market cap of $1,303 M.
On the company’s financial health, Apollo Investment Corp. reported $0.20 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on May 19, 2016. Analyst had a consensus of $0.21. The company had revenue of $85.30 million for the quarter, 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.
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.