Apollo Investment Corp (NASDAQ:AINV) Q2 2017 Sentiment Report

October 13, 2017 - By Migdalia James

 Apollo Investment Corp (NASDAQ:AINV)  Q2 2017 Sentiment Report

Sentiment for Apollo Investment Corp (NASDAQ:AINV)

Apollo Investment Corp (NASDAQ:AINV) institutional sentiment increased to 1.12 in Q2 2017. Its up 0.03, from 1.09 in 2017Q1. The ratio has improved, as 73 institutional investors opened new or increased positions, while 65 sold and reduced stock positions in Apollo Investment Corp. The institutional investors in our partner’s database now hold: 96.57 million shares, up from 94.52 million shares in 2017Q1. Also, the number of institutional investors holding Apollo Investment Corp in their top 10 positions was flat from 4 to 4 for the same number . Sold All: 13 Reduced: 52 Increased: 55 New Position: 18.

Apollo Investment Corporation is a closed-end, externally managed, non-diversified management investment company. The company has market cap of $1.32 billion. The Company’s investment objective is to generate current income and capital appreciation. It has a 14.98 P/E ratio. It invests primarily in various forms of debt investments, including secured and unsecured debt, loan investments and/or equity in private middle-market companies.

About 563,696 shares traded. Apollo Investment Corp. (NASDAQ:AINV) has risen 17.01% since October 13, 2016 and is uptrending. It has outperformed by 0.31% the S&P500.

Investors wait Apollo Investment Corp. (NASDAQ:AINV) to report on November, 14. its quarterly earnings Wall Street analysts expect $0.16 earnings per share, down $0.02 or 11.11 % from last year’s $0.18 same quarter earnings. This translates into $35.08 million profit for AINV giving the stock a 9.41 P/E. This is assuming the current $0.16 EPS is accurate. Apollo Investment Corp.’s Wall Street analysts see 6.67 % EPS growth, taking into account the $0.15 EPS reproted in the previous quarter,

Muzinich & Co. Inc. holds 5.35% of its portfolio in Apollo Investment Corp. for 9.57 million shares. Greenwich Investment Management Inc. owns 591,300 shares or 4.41% of their US portfolio. Moreover, Raiff Partners Inc has 3.68% invested in the company for 200,000 shares. The Ohio-based Camelot Portfolios Llc has invested 3.35% in the stock. Graybill Bartz & Assoc Ltd, a Illinois-based fund reported 372,177 shares.#img1#

Apollo Investment Corp. (NASDAQ:AINV) Ratings Coverage

Ratings analysis reveals 38% of Apollo Investment’s analysts are positive. Out of 13 Wall Street analysts rating Apollo Investment, 5 give it “Buy”, 1 “Sell” rating, while 7 recommend “Hold”. The lowest target is $5.75 while the high is $8.50. The stock’s average target of $6.77 is 12.46% above today’s ($6.02) share price. AINV was included in 22 notes of analysts from July 22, 2015. The stock of Apollo Investment Corp. (NASDAQ:AINV) earned “Hold” rating by Keefe Bruyette & Woods on Thursday, October 5. Barclays Capital downgraded Apollo Investment Corp. (NASDAQ:AINV) on Wednesday, July 22 to “Equal Weight” rating. The firm earned “Buy” rating on Friday, August 4 by RBC Capital Markets. The stock has “Market Perform” rating by JMP Securities on Thursday, February 11. As per Friday, October 6, the company rating was maintained by BMO Capital Markets. The firm earned “Market Perform” rating on Friday, May 20 by Wood. The firm earned “Buy” rating on Monday, September 14 by UBS. Cantor Fitzgerald maintained Apollo Investment Corp. (NASDAQ:AINV) on Sunday, August 9 with “Buy” rating. On Friday, September 22 the stock rating was maintained by Jefferies with “Buy”. The company was downgraded on Tuesday, September 1 by Cantor Fitzgerald.

More recent Apollo Investment Corp. (NASDAQ:AINV) news were published by: Businesswire.com which released: “Apollo Investment Corporation Schedules Earnings Release and Conference Call …” on September 27, 2017. Also Prnewswire.com published the news titled: “Initiating Research Reports on Asset Management Equities — Apollo Investment …” on October 09, 2017. Seekingalpha.com‘s news article titled: “Apollo Investment Corp. Is Undervalued” with publication date: July 31, 2017 was also an interesting one.

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