Dynamic Technology Lab Private Ltd reduced its position in shares of Apollo Investment Corp. (NASDAQ:AINV) by 65.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,891 shares of the company’s stock after selling 90,940 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Apollo Investment Corp. were worth $265,000 as of its most recent filing with the SEC.
Other large investors have also recently bought and sold shares of the company. Bank of Montreal Can purchased a new stake in Apollo Investment Corp. during the second quarter worth approximately $21,567,000. Telemus Capital LLC raised its stake in Apollo Investment Corp. by 314.7% in the second quarter. Telemus Capital LLC now owns 525,307 shares of the company’s stock worth $2,910,000 after buying an additional 398,632 shares in the last quarter. Fuller & Thaler Asset Management Inc. raised its stake in Apollo Investment Corp. by 4.4% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 6,818,837 shares of the company’s stock worth $37,776,000 after buying an additional 286,724 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Apollo Investment Corp. by 127.7% in the first quarter. JPMorgan Chase & Co. now owns 385,466 shares of the company’s stock worth $2,139,000 after buying an additional 216,166 shares in the last quarter. Finally, Legal & General Group Plc raised its stake in Apollo Investment Corp. by 25.3% in the first quarter. Legal & General Group Plc now owns 460,427 shares of the company’s stock worth $2,553,000 after buying an additional 92,848 shares in the last quarter. 42.91% of the stock is currently owned by institutional investors.
Apollo Investment Corp. (NASDAQ:AINV) opened at 5.80 on Friday. Apollo Investment Corp. has a 12-month low of $4.26 and a 12-month high of $6.39. The firm’s 50-day moving average is $6.01 and its 200 day moving average is $5.70.
Apollo Investment Corp. (NASDAQ:AINV) last issued its earnings results on Friday, August 5th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate 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 quarter in the prior year, the firm posted $0.22 earnings per share. Equities research analysts forecast that Apollo Investment Corp. will post $0.67 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 5th. Stockholders of record on Wednesday, September 21st will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 10.34%. The ex-dividend date of this dividend is Monday, September 19th. Apollo Investment Corp.’s dividend payout ratio is -146.34%.
AINV has been the topic of a number of analyst reports. Bank of America Corp. lowered shares of Apollo Investment Corp. from a “neutral” rating to an “underperform” rating in a research note on Friday, July 8th. Jefferies Group reaffirmed a “buy” rating on shares of Apollo Investment Corp. in a research note on Friday, August 12th. Finally, National Securities reaffirmed a “neutral” rating and issued a $6.00 price objective on shares of Apollo Investment Corp. in a research note on Monday, August 8th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company’s stock. Apollo Investment Corp. presently has a consensus rating of “Hold” and an average target price of $6.52.
In other news, Director Frank C. Puleo bought 4,180 shares of the business’s stock in a transaction dated Tuesday, August 16th. The shares were purchased at an average price of $6.01 per share, for a total transaction of $25,121.80. Following the completion of the acquisition, the director now owns 29,080 shares of the company’s stock, valued at $174,770.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO James C. Zelter bought 20,000 shares of the business’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 acquisition, the chief executive officer now directly owns 318,166 shares of the company’s stock, valued at approximately $1,775,366.28. The disclosure for this purchase can be found here. 0.26% of the stock is currently owned by insiders.
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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