Analysts expect that Apollo Investment Co. (NASDAQ:AINV – Get Rating) will announce earnings of $0.34 per share for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Apollo Investment’s earnings, with the lowest EPS estimate coming in at $0.33 and the highest estimate coming in at $0.35. Apollo Investment reported earnings of $0.39 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 12.8%. The company is expected to issue its next quarterly earnings report on Monday, January 1st.
According to Zacks, analysts expect that Apollo Investment will report full year earnings of $1.41 per share for the current fiscal year, with EPS estimates ranging from $1.40 to $1.42. For the next fiscal year, analysts forecast that the business will report earnings of $1.41 per share, with EPS estimates ranging from $1.35 to $1.46. Zacks’ EPS averages are an average based on a survey of research firms that follow Apollo Investment.
Apollo Investment (NASDAQ:AINV – Get Rating) last released its earnings results on Thursday, February 3rd. The asset manager reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.01. The company had revenue of $54.97 million during the quarter, compared to analysts’ expectations of $54.53 million. Apollo Investment had a net margin of 57.61% and a return on equity of 9.14%. During the same period last year, the business earned $0.43 EPS.
AINV stock traded down $0.02 during trading on Thursday, reaching $13.33. The company had a trading volume of 1,102 shares, compared to its average volume of 342,709. The firm has a 50-day simple moving average of $13.31 and a 200-day simple moving average of $13.20. The company has a market cap of $848.41 million, a price-to-earnings ratio of 7.22 and a beta of 1.82. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.87 and a current ratio of 0.87. Apollo Investment has a twelve month low of $11.75 and a twelve month high of $15.27.
Apollo Investment announced that its board has initiated a share buyback program on Thursday, February 3rd that allows the company to buyback $25.00 million in shares. This buyback authorization allows the asset manager to reacquire up to 3% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.
The firm also recently announced a quarterly dividend, which was paid on Thursday, April 7th. Stockholders of record on Monday, March 21st were issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 9.30%. The ex-dividend date of this dividend was Friday, March 18th. Apollo Investment’s payout ratio is 67.03%.
Institutional investors have recently added to or reduced their stakes in the company. Camelot Portfolios LLC grew its holdings in shares of Apollo Investment by 19.5% during the fourth quarter. Camelot Portfolios LLC now owns 207,022 shares of the asset manager’s stock worth $2,648,000 after buying an additional 33,824 shares in the last quarter. Mackenzie Financial Corp boosted its position in shares of Apollo Investment by 16.4% during the 3rd quarter. Mackenzie Financial Corp now owns 83,041 shares of the asset manager’s stock valued at $1,077,000 after acquiring an additional 11,724 shares during the last quarter. Peak Financial Advisors LLC boosted its position in shares of Apollo Investment by 24.4% during the 4th quarter. Peak Financial Advisors LLC now owns 12,833 shares of the asset manager’s stock valued at $164,000 after acquiring an additional 2,521 shares during the last quarter. WINTON GROUP Ltd boosted its position in shares of Apollo Investment by 10.2% during the 3rd quarter. WINTON GROUP Ltd now owns 115,721 shares of the asset manager’s stock valued at $1,501,000 after acquiring an additional 10,680 shares during the last quarter. Finally, Sigma Planning Corp boosted its position in shares of Apollo Investment by 4.9% during the 4th quarter. Sigma Planning Corp now owns 39,751 shares of the asset manager’s stock valued at $508,000 after acquiring an additional 1,855 shares during the last quarter. 35.15% of the stock is owned by institutional investors and hedge funds.
Apollo Investment Company Profile (Get Rating)
Apollo Investment Corporation is a closed-end, externally managed, non-diversified management investment company that has elected to be treated as a business development company (ÂBDCÂ) under the Investment Company Act of 1940 (the Â1940 ActÂ) specializing in private equity investments in leveraged buyouts, acquisitions, recapitalizations, growth capital, refinancing and private middle market companies.
- Get a free copy of the StockNews.com research report on Apollo Investment (AINV)
- Workhorse Johnson & Johnson Plows New All-Time Highs
- Fastenal Stock is Ready to Sprint Higher
- J.B. Hunt Transportation Services Fires On All Cylinders
- 3 No-Brainer Stocks to Buy with $1000
- Rite Aid Stock is Getting Cheap Enough to Buy Here
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.