Muzinich & Co. Inc. decreased its position in shares of Apollo Investment Corp. (NASDAQ:AINV) by 2.6% during the second quarter, Holdings Channel reports. The fund owned 2,182,889 shares of the company’s stock after selling 57,453 shares during the period. Apollo Investment Corp. comprises about 5.5% of Muzinich & Co. Inc.’s holdings, making the stock its 5th largest position. Muzinich & Co. Inc.’s holdings in Apollo Investment Corp. were worth $12,093,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Sanders Morris Harris Inc. boosted its position in Apollo Investment Corp. by 0.3% in the second quarter. Sanders Morris Harris Inc. now owns 127,624 shares of the company’s stock worth $707,000 after buying an additional 364 shares in the last quarter. Duncker Streett & Co. Inc. boosted its position in Apollo Investment Corp. by 2.6% in the second quarter. Duncker Streett & Co. Inc. now owns 63,079 shares of the company’s stock worth $349,000 after buying an additional 1,617 shares in the last quarter. Sigma Planning Corp boosted its position in Apollo Investment Corp. by 3.0% in the second quarter. Sigma Planning Corp now owns 55,900 shares of the company’s stock worth $310,000 after buying an additional 1,630 shares in the last quarter. Eqis Capital Management Inc. boosted its position in Apollo Investment Corp. by 14.1% in the second quarter. Eqis Capital Management Inc. now owns 22,332 shares of the company’s stock worth $124,000 after buying an additional 2,753 shares in the last quarter. Finally, Patriot Wealth Management Inc. boosted its position in Apollo Investment Corp. by 2.0% in the second quarter. Patriot Wealth Management Inc. now owns 735,550 shares of the company’s stock worth $4,075,000 after buying an additional 14,435 shares in the last quarter. 42.91% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Apollo Investment Corp. (NASDAQ:AINV) traded down 1.02% during trading on Thursday, reaching $5.80. The company’s stock had a trading volume of 586,539 shares. The stock has a 50 day moving average of $6.01 and a 200-day moving average of $5.69. Apollo Investment Corp. has a 1-year low of $4.26 and a 1-year high of $6.39.
Apollo Investment Corp. (NASDAQ:AINV) last issued its quarterly earnings results on Friday, August 5th. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by $0.02. Apollo Investment Corp. had a positive return on equity of 10.57% and a negative net margin of 26.23%. During the same period in the previous year, the company posted $0.22 EPS. On average, analysts forecast that Apollo Investment Corp. will post $0.67 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 5th. Shareholders of record on Wednesday, September 21st will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, September 19th. This represents a $0.60 dividend on an annualized basis and a yield of 10.34%. Apollo Investment Corp.’s dividend payout ratio is currently -146.34%.
A number of research analysts recently commented on the company. Jefferies Group reissued a “buy” rating on shares of Apollo Investment Corp. in a report on Friday, August 12th. Bank of America Corp. cut Apollo Investment Corp. from a “neutral” rating to an “underperform” rating in a report on Friday, July 8th. Finally, National Securities reissued a “neutral” rating and issued a $6.00 price target on shares of Apollo Investment Corp. in a report on Monday, August 8th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $6.48.
In other news, President Howard Widra bought 5,000 shares of the firm’s stock in a transaction dated Wednesday, August 17th. The shares were acquired at an average price of $6.02 per share, for a total transaction of $30,100.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO James C. Zelter bought 20,000 shares of the firm’s stock in a transaction dated Monday, August 8th. The stock was purchased at an average price of $5.58 per share, for a total transaction of $111,600.00. Following the transaction, the chief executive officer now owns 318,166 shares of the company’s stock, valued at $1,775,366.28. The disclosure for this purchase can be found here. Company insiders own 0.26% of the company’s stock.
Apollo Investment Corp. Company Profile
Apollo Investment Corporation is a closed-end, externally managed, non-diversified management investment company. The Company’s investment objective is to generate current income and capital appreciation. It invests primarily in various forms of debt investments, including secured and unsecured debt, loan investments and/or equity in private middle-market companies.
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