Bramshill Investments LLC Reduces Holdings in Apollo Investment Corp. (AINV)

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Bramshill Investments LLC decreased its position in shares of Apollo Investment Corp. (NASDAQ:AINV) by 2.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 335,026 shares of the asset manager’s stock after selling 9,799 shares during the quarter. Apollo Investment makes up about 0.7% of Bramshill Investments LLC’s holdings, making the stock its 19th largest position. Bramshill Investments LLC owned 0.16% of Apollo Investment worth $1,866,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the business. Trexquant Investment LP grew its holdings in shares of Apollo Investment by 12.3% during the first quarter. Trexquant Investment LP now owns 92,382 shares of the asset manager’s stock worth $482,000 after purchasing an additional 10,100 shares during the last quarter. LSV Asset Management grew its holdings in shares of Apollo Investment by 4.0% during the second quarter. LSV Asset Management now owns 312,700 shares of the asset manager’s stock worth $1,741,000 after purchasing an additional 12,100 shares during the last quarter. Commonwealth Equity Services LLC grew its holdings in shares of Apollo Investment by 4.2% during the first quarter. Commonwealth Equity Services LLC now owns 300,550 shares of the asset manager’s stock worth $1,568,000 after purchasing an additional 12,197 shares during the last quarter. United Capital Financial Advisers LLC grew its holdings in shares of Apollo Investment by 46.2% during the first quarter. United Capital Financial Advisers LLC now owns 39,548 shares of the asset manager’s stock worth $206,000 after purchasing an additional 12,500 shares during the last quarter. Finally, DnB Asset Management AS grew its holdings in shares of Apollo Investment by 7.4% during the second quarter. DnB Asset Management AS now owns 207,091 shares of the asset manager’s stock worth $1,156,000 after purchasing an additional 14,200 shares during the last quarter. 46.33% of the stock is currently owned by institutional investors.

Shares of AINV opened at $5.44 on Friday. Apollo Investment Corp. has a fifty-two week low of $5.18 and a fifty-two week high of $6.20. The stock has a market cap of $1.19 billion, a PE ratio of 8.92, a price-to-earnings-growth ratio of 1.82 and a beta of 0.89. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.81 and a quick ratio of 0.81.

Apollo Investment (NASDAQ:AINV) last announced its earnings results on Wednesday, August 8th. The asset manager reported $0.15 earnings per share for the quarter, hitting the consensus estimate of $0.15. Apollo Investment had a net margin of 27.90% and a return on equity of 9.20%. The business had revenue of $63.60 million during the quarter, compared to the consensus estimate of $62.38 million. During the same quarter in the prior year, the firm earned $0.15 earnings per share. The business’s quarterly revenue was down 4.6% compared to the same quarter last year. sell-side analysts anticipate that Apollo Investment Corp. will post 0.61 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 9th. Investors of record on Monday, September 24th will be given a $0.15 dividend. The ex-dividend date is Friday, September 21st. This represents a $0.60 dividend on an annualized basis and a yield of 11.03%. Apollo Investment’s payout ratio is currently 98.36%.

AINV has been the subject of several recent research reports. BidaskClub upgraded shares of Apollo Investment from a “hold” rating to a “buy” rating in a research note on Wednesday, August 1st. Citigroup initiated coverage on shares of Apollo Investment in a research note on Thursday, August 23rd. They set a “sell” rating and a $5.00 target price for the company. National Securities reiterated a “neutral” rating and set a $6.00 target price on shares of Apollo Investment in a research note on Wednesday, August 15th. Zacks Investment Research downgraded shares of Apollo Investment from a “hold” rating to a “sell” rating in a research note on Friday, August 10th. Finally, ValuEngine downgraded shares of Apollo Investment from a “hold” rating to a “sell” rating in a research note on Tuesday, August 7th. Four research analysts have rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $6.25.

Apollo Investment Company Profile

Apollo Investment Corporation is business development company specializing in middle market companies. It provides direct equity capital, mezzanine and senior secured loans, unsecured debt, and subordinated debt and loans. It also seeks to invest in PIPES transactions. The fund may also invest in securities of public companies that are thinly traded and may acquire investments in the secondary market and structured products.

See Also: Return on Investment (ROI) Defined, Explained

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Institutional Ownership by Quarter for Apollo Investment (NASDAQ:AINV)

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