Infrastructure Capital Advisors LLC Sells 10,001 Shares of Apollo Investment Co. (NASDAQ:AINV)

Infrastructure Capital Advisors LLC lessened its stake in shares of Apollo Investment Co. (NASDAQ:AINV) by 43.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 13,000 shares of the asset manager’s stock after selling 10,001 shares during the period. Infrastructure Capital Advisors LLC’s holdings in Apollo Investment were worth $177,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in AINV. WINTON GROUP Ltd lifted its stake in shares of Apollo Investment by 15.2% in the 2nd quarter. WINTON GROUP Ltd now owns 105,041 shares of the asset manager’s stock valued at $1,434,000 after acquiring an additional 13,896 shares during the last quarter. Sierra Capital LLC bought a new position in Apollo Investment in the 2nd quarter valued at about $923,000. Neuberger Berman Group LLC lifted its position in shares of Apollo Investment by 15.3% during the 1st quarter. Neuberger Berman Group LLC now owns 76,714 shares of the asset manager’s stock worth $1,053,000 after buying an additional 10,152 shares in the last quarter. Evoke Wealth LLC bought a new stake in shares of Apollo Investment in the 2nd quarter worth approximately $403,000. Finally, Wedbush Securities Inc. purchased a new position in Apollo Investment in the 2nd quarter valued at approximately $313,000. 32.97% of the stock is currently owned by hedge funds and other institutional investors.

AINV has been the subject of several recent analyst reports. Jefferies Financial Group reaffirmed a “buy” rating on shares of Apollo Investment in a research note on Friday, June 18th. Zacks Investment Research raised Apollo Investment from a “sell” rating to a “hold” rating in a report on Wednesday, October 6th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Apollo Investment has an average rating of “Hold” and a consensus price target of $13.92.

AINV traded down $0.02 on Thursday, hitting $13.38. 646 shares of the company traded hands, compared to its average volume of 356,583. The stock has a market capitalization of $870.64 million, a PE ratio of 6.19 and a beta of 1.97. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 1.43. The company has a 50 day moving average of $13.48 and a 200-day moving average of $13.92. Apollo Investment Co. has a 12-month low of $7.33 and a 12-month high of $15.27.

Apollo Investment (NASDAQ:AINV) last released its quarterly earnings data on Wednesday, August 4th. The asset manager reported $0.39 EPS for the quarter, meeting the consensus estimate of $0.39. The company had revenue of $50.55 million for the quarter, compared to analyst estimates of $50.81 million. Apollo Investment had a return on equity of 10.44% and a net margin of 66.95%. On average, research analysts anticipate that Apollo Investment Co. will post 1.43 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, October 8th. Shareholders of record on Tuesday, September 21st were paid a $0.31 dividend. The ex-dividend date of this dividend was Monday, September 20th. This represents a $1.24 dividend on an annualized basis and a yield of 9.27%. Apollo Investment’s dividend payout ratio (DPR) is currently 73.37%.

Apollo Investment Profile

Apollo Investment Corporation (NASDAQ: AINV) , a Maryland corporation organized on February 2, 2004, is a closed-end, externally managed, non-diversified management investment company that has elected to be treated as a business development company (”BDC”) under the Investment Company Act of 1940 (the ”1940 Act”).

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

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