Wall Street brokerages expect Apollo Investment Corp. (NASDAQ:AINV) to announce sales of $71.62 million for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Apollo Investment’s earnings, with the highest sales estimate coming in at $72.20 million and the lowest estimate coming in at $71.09 million. Apollo Investment reported sales of $64.04 million during the same quarter last year, which would suggest a positive year over year growth rate of 11.8%. The firm is expected to issue its next earnings report on Wednesday, February 5th.
On average, analysts expect that Apollo Investment will report full year sales of $286.80 million for the current financial year, with estimates ranging from $279.52 million to $297.97 million. For the next financial year, analysts anticipate that the firm will report sales of $294.18 million, with estimates ranging from $287.09 million to $306.38 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Apollo Investment.
Apollo Investment (NASDAQ:AINV) last posted its earnings results on Tuesday, November 5th. The asset manager reported $0.53 EPS for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.11. Apollo Investment had a return on equity of 10.39% and a net margin of 23.47%. The firm had revenue of $70.32 million for the quarter, compared to analysts’ expectations of $68.67 million. During the same period last year, the firm earned $0.45 EPS. The company’s quarterly revenue was up 6.5% on a year-over-year basis.
NASDAQ AINV traded up $0.12 during trading hours on Friday, reaching $16.58. The company’s stock had a trading volume of 505,500 shares, compared to its average volume of 345,093. The firm has a market capitalization of $1.09 billion, a price-to-earnings ratio of 9.16, a P/E/G ratio of 8.56 and a beta of 1.09. The company’s 50-day moving average is $15.95 and its two-hundred day moving average is $16.11. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.36 and a quick ratio of 1.36. Apollo Investment has a 1-year low of $12.05 and a 1-year high of $17.00.
The business also recently declared a quarterly dividend, which will be paid on Monday, January 6th. Investors of record on Friday, December 20th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 10.86%. The ex-dividend date is Thursday, December 19th. Apollo Investment’s dividend payout ratio is presently 99.45%.
A number of large investors have recently bought and sold shares of AINV. First Allied Advisory Services Inc. lifted its position in shares of Apollo Investment by 11.1% in the third quarter. First Allied Advisory Services Inc. now owns 37,403 shares of the asset manager’s stock valued at $604,000 after acquiring an additional 3,727 shares in the last quarter. Dean Capital Investments Management LLC increased its position in shares of Apollo Investment by 45.1% during the third quarter. Dean Capital Investments Management LLC now owns 21,191 shares of the asset manager’s stock worth $341,000 after purchasing an additional 6,586 shares in the last quarter. Tower Research Capital LLC TRC increased its position in shares of Apollo Investment by 117.3% during the third quarter. Tower Research Capital LLC TRC now owns 4,159 shares of the asset manager’s stock worth $67,000 after purchasing an additional 2,245 shares in the last quarter. SG Americas Securities LLC raised its stake in Apollo Investment by 35.5% in the 3rd quarter. SG Americas Securities LLC now owns 34,419 shares of the asset manager’s stock valued at $554,000 after purchasing an additional 9,024 shares during the last quarter. Finally, California Public Employees Retirement System raised its stake in Apollo Investment by 38.9% in the 3rd quarter. California Public Employees Retirement System now owns 152,663 shares of the asset manager’s stock valued at $2,456,000 after purchasing an additional 42,764 shares during the last quarter. Institutional investors own 42.16% of the company’s stock.
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.
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