BlueCrest Capital Management Ltd grew its position in shares of Apollo Investment Corp. (NASDAQ:AINV) by 1,231.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 198,322 shares of the asset manager’s stock after purchasing an additional 183,423 shares during the quarter. BlueCrest Capital Management Ltd’s holdings in Apollo Investment were worth $1,123,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Thrivent Financial For Lutherans raised its stake in shares of Apollo Investment by 2.4% during the fourth quarter. Thrivent Financial For Lutherans now owns 808,681 shares of the asset manager’s stock valued at $4,578,000 after purchasing an additional 19,089 shares in the last quarter. Ares Management LLC raised its stake in shares of Apollo Investment by 4.4% during the fourth quarter. Ares Management LLC now owns 2,406,445 shares of the asset manager’s stock valued at $13,620,000 after purchasing an additional 101,000 shares in the last quarter. Landscape Capital Management L.L.C. bought a new stake in shares of Apollo Investment during the fourth quarter valued at about $482,000. Allianz Asset Management GmbH raised its stake in shares of Apollo Investment by 71.7% during the fourth quarter. Allianz Asset Management GmbH now owns 1,070,849 shares of the asset manager’s stock valued at $6,061,000 after purchasing an additional 447,049 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its stake in shares of Apollo Investment by 2.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,784,741 shares of the asset manager’s stock valued at $15,762,000 after purchasing an additional 57,407 shares in the last quarter. 48.93% of the stock is owned by institutional investors.
Several equities research analysts have commented on the stock. TheStreet upgraded shares of Apollo Investment from a “c” rating to a “b-” rating in a research report on Thursday, November 16th. ValuEngine upgraded shares of Apollo Investment from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. SunTrust Banks reiterated a “buy” rating and issued a $6.50 price target on shares of Apollo Investment in a research report on Thursday, February 8th. BMO Capital Markets reiterated a “hold” rating and issued a $6.00 price target on shares of Apollo Investment in a research report on Wednesday, November 15th. Finally, National Securities reiterated a “neutral” rating and issued a $6.00 price target on shares of Apollo Investment in a research report on Thursday, February 8th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Apollo Investment has a consensus rating of “Hold” and an average price target of $6.38.
Apollo Investment (NASDAQ:AINV) last issued its quarterly earnings results on Wednesday, February 7th. The asset manager reported $0.16 EPS for the quarter, hitting the consensus estimate of $0.16. The firm had revenue of $64.75 million for the quarter, compared to analysts’ expectations of $65.94 million. Apollo Investment had a net margin of 28.18% and a return on equity of 9.45%. Apollo Investment’s revenue for the quarter was down 4.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.17 earnings per share. equities analysts anticipate that Apollo Investment Corp. will post 0.62 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, April 12th. Investors of record on Tuesday, March 27th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Monday, March 26th. This represents a $0.60 dividend on an annualized basis and a yield of 10.91%. Apollo Investment’s dividend payout ratio is currently 176.47%.
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About Apollo Investment
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.
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