Apollo Investment Corp (NASDAQ:AINV) Institutional Investor Positioning Change

October 13, 2017 - By Adrian Erickson

 Apollo Investment Corp (NASDAQ:AINV) Institutional Investor Positioning Change

Sentiment for Apollo Investment Corp (NASDAQ:AINV)

Apollo Investment Corp (NASDAQ:AINV) institutional sentiment increased to 1.12 in 2017 Q2. Its up 0.03, from 1.09 in 2017Q1. The ratio is more positive, as 73 institutional investors started new and increased positions, while 65 cut down and sold their positions in Apollo Investment Corp. The institutional investors in our partner’s database now own: 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.

Wall Street await Apollo Investment Corp. (NASDAQ:AINV) to release earnings on November, 14. Analysts forecast EPS of $0.16, down exactly $0.02 or 11.11 % from 2014’s $0.18 EPS. The expected AINV’s profit could reach $35.08M giving the stock 9.41 P/E in the case that $0.16 earnings per share is reported. After posting $0.15 EPS for the previous quarter, Apollo Investment Corp.’s analysts now forecast 6.67 % EPS growth.

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 firm has “Buy” rating given on Monday, September 14 by UBS. The rating was maintained by Jefferies with “Buy” on Friday, September 22. The stock of Apollo Investment Corp. (NASDAQ:AINV) has “Buy” rating given on Tuesday, September 1 by Cantor Fitzgerald. The firm has “Neutral” rating given on Friday, August 21 by Citigroup. Wood downgraded Apollo Investment Corp. (NASDAQ:AINV) rating on Friday, May 20. Wood has “Market Perform” rating and $5.75 target. The rating was maintained by Jefferies on Tuesday, August 15 with “Buy”. The stock of Apollo Investment Corp. (NASDAQ:AINV) earned “Hold” rating by Keefe Bruyette & Woods on Thursday, October 5. The firm has “Sell” rating given on Thursday, February 11 by Citigroup. The firm earned “Equal Weight” rating on Wednesday, July 22 by Barclays Capital. BMO Capital Markets maintained the shares of AINV in report on Friday, August 4 with “Hold” rating.

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 Seekingalpha.com published the news titled: “Apollo Investment Corp. Is Undervalued” on July 31, 2017. Prnewswire.com‘s news article titled: “Initiating Research Reports on Asset Management Equities — Apollo Investment …” with publication date: October 09, 2017 was also an interesting one.

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