Livingston Group Asset Management CO operating as Southport Capital Management decreased its position in shares of Apollo Investment Corp. (NASDAQ:AINV) by 5.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 38,669 shares of the company’s stock after selling 2,035 shares during the period. Livingston Group Asset Management CO operating as Southport Capital Management’s holdings in Apollo Investment Corp. were worth $214,000 at the end of the most recent reporting period.
Several other hedge funds have also bought and sold shares of the company. Eqis Capital Management Inc. raised its stake 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 during the last quarter. Sigma Planning Corp raised its stake 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 during the last quarter. Duncker Streett & Co. Inc. raised its stake 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 during the last quarter. Green Square Capital LLC raised its stake in Apollo Investment Corp. by 112.8% in the second quarter. Green Square Capital LLC now owns 63,351 shares of the company’s stock worth $360,000 after buying an additional 33,575 shares during the last quarter. Finally, Sanders Morris Harris Inc. raised its stake 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 during the last quarter. 42.91% of the stock is owned by institutional investors and hedge funds.
Apollo Investment Corp. (NASDAQ:AINV) traded up 0.52% during trading on Monday, reaching $5.83. The company had a trading volume of 1,123,712 shares. Apollo Investment Corp. has a 52 week low of $4.26 and a 52 week high of $6.39. The stock has a 50 day moving average price of $6.00 and a 200 day moving average price of $5.70.
Apollo Investment Corp. (NASDAQ:AINV) last posted its earnings results on Friday, August 5th. The company reported $0.17 earnings per share 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 business posted $0.22 EPS. Equities research analysts anticipate that Apollo Investment Corp. will post $0.67 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 5th. Stockholders of record on Wednesday, September 21st will be issued a dividend of $0.15 per share. The ex-dividend date is Monday, September 19th. This represents a $0.60 annualized dividend and a dividend yield of 10.29%. Apollo Investment Corp.’s dividend payout ratio is presently -146.34%.
A number of analysts have commented on AINV shares. Jefferies Group reissued a “buy” rating on shares of Apollo Investment Corp. in a report on Friday, August 5th. National Securities reissued a “neutral” rating and issued a $6.00 target price on shares of Apollo Investment Corp. in a report on Monday, August 8th. Finally, Bank of America Corp. lowered Apollo Investment Corp. from a “neutral” rating to an “underperform” rating in a report on Friday, July 8th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $6.52.
In other Apollo Investment Corp. news, Director Frank C. Puleo acquired 4,180 shares of the firm’s stock in a transaction dated Tuesday, August 16th. The stock was purchased at an average price of $6.01 per share, for a total transaction of $25,121.80. Following the acquisition, the director now owns 29,080 shares in the company, valued at approximately $174,770.80. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO James C. Zelter acquired 20,000 shares of the firm’s stock in a transaction dated Monday, August 8th. The shares were acquired at an average price of $5.58 per share, with a total value of $111,600.00. Following the acquisition, the chief executive officer now owns 318,166 shares in the company, valued at approximately $1,775,366.28. The disclosure for this purchase can be found here. Insiders own 0.26% of the company’s stock.
About Apollo Investment Corp.
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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