KBC Group NV cut its position in shares of Apollo Investment Corp. (NASDAQ:AINV) by 6.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 172,389 shares of the asset manager’s stock after selling 11,000 shares during the period. KBC Group NV’s holdings in Apollo Investment were worth $976,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. California Public Employees Retirement System raised its stake in shares of Apollo Investment by 1.8% during the 4th quarter. California Public Employees Retirement System now owns 526,500 shares of the asset manager’s stock worth $2,980,000 after purchasing an additional 9,500 shares in the last quarter. Aperio Group LLC raised its stake in shares of Apollo Investment by 58.2% during the 4th quarter. Aperio Group LLC now owns 30,601 shares of the asset manager’s stock worth $173,000 after purchasing an additional 11,254 shares in the last quarter. Telemus Capital LLC increased its holdings in shares of Apollo Investment by 20.9% during the 4th quarter. Telemus Capital LLC now owns 1,505,420 shares of the asset manager’s stock valued at $8,521,000 after acquiring an additional 259,849 shares during the last quarter. LSV Asset Management increased its holdings in shares of Apollo Investment by 439.7% during the 4th quarter. LSV Asset Management now owns 300,600 shares of the asset manager’s stock valued at $1,701,000 after acquiring an additional 244,900 shares during the last quarter. Finally, Dean Capital Investments Management LLC acquired a new position in shares of Apollo Investment during the 4th quarter valued at about $505,000. 47.92% of the stock is owned by institutional investors.
A number of research analysts have recently commented on AINV shares. JPMorgan Chase & Co. lowered their price objective on Apollo Investment from $6.50 to $6.00 and set a “neutral” rating on the stock in a report on Wednesday, November 1st. Compass Point started coverage on Apollo Investment in a report on Thursday, November 2nd. They set a “neutral” rating and a $6.25 price objective on the stock. SunTrust Banks reissued a “buy” rating on shares of Apollo Investment in a report on Friday, November 3rd. National Securities reissued a “neutral” rating and set a $6.00 price objective on shares of Apollo Investment in a report on Tuesday, November 7th. Finally, Raymond James Financial raised Apollo Investment from a “market perform” rating to an “outperform” rating and set a $7.00 price objective on the stock in a report on Tuesday, November 7th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $6.38.
Apollo Investment (NASDAQ:AINV) last released its earnings results on Wednesday, February 7th. The asset manager reported $0.16 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.16. The firm had revenue of $64.75 million for the quarter, compared to analyst estimates of $65.94 million. Apollo Investment had a return on equity of 9.45% and a net margin of 28.18%. The company’s revenue was down 4.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.17 EPS. equities research analysts forecast that Apollo Investment Corp. will post 0.62 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 12th. Shareholders of record on Tuesday, March 27th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 11.15%. The ex-dividend date is Monday, March 26th. Apollo Investment’s dividend payout ratio (DPR) is currently 176.47%.
ILLEGAL ACTIVITY WARNING: This piece of content was reported by Ticker Report and is the property of of Ticker Report. If you are accessing this piece of content on another site, it was illegally stolen and republished in violation of US and international copyright & trademark legislation. The legal version of this piece of content can be viewed at https://www.tickerreport.com/banking-finance/3223016/kbc-group-nv-sells-11000-shares-of-apollo-investment-corp-ainv.html.
Apollo Investment 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.
Want to see what other hedge funds are holding AINV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apollo Investment Corp. (NASDAQ:AINV).
Receive News & Ratings for Apollo Investment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apollo Investment and related companies with MarketBeat.com's FREE daily email newsletter.