Trade Report: Today, Apollo Investment Corp. (AINV) Short Interest Update

Today, Apollo Investment Corp. (AINV) Short Interest Update

Apollo Investment Corp. (NASDAQ:AINV) was the target of a significant drop in short interest in the month of November. As of November 15th, there was short interest totalling 1,284,960 shares, a drop of 39.5% from the October 31st total of 2,122,797 shares. Based on an average daily volume of 1,793,500 shares, the short-interest ratio is currently 0.7 days. Currently, 0.6% of the shares of the company are sold short.

Shares of Apollo Investment Corp. (NASDAQ:AINV) opened at 6.14 on Tuesday. Apollo Investment Corp. has a 52-week low of $4.26 and a 52-week high of $6.39. The stock has a 50 day moving average of $5.97 and a 200-day moving average of $5.78.

Apollo Investment Corp. (NASDAQ:AINV) last posted its quarterly earnings data on Tuesday, November 8th. The company reported $0.18 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.17 by $0.01. Apollo Investment Corp. had a negative net margin of 15.42% and a positive return on equity of 10.42%. During the same period last year, the business posted $0.21 earnings per share. On average, equities research analysts expect that Apollo Investment Corp. will post $0.66 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 5th. Shareholders of record on Wednesday, December 21st will be paid a $0.15 dividend. The ex-dividend date is Monday, December 19th. This represents a $0.60 annualized dividend and a yield of 9.66%. Apollo Investment Corp.’s dividend payout ratio (DPR) is -272.73%.

A number of large investors have recently bought and sold shares of AINV. Legal & General Group Plc raised its stake in Apollo Investment Corp. by 25.3% in the first quarter. Legal & General Group Plc now owns 460,427 shares of the company’s stock valued at $2,553,000 after buying an additional 92,848 shares during the period. Eqis Capital Management Inc. raised its stake in Apollo Investment Corp. by 14.1% in the second quarter. Eqis Capital Management Inc. now owns 22,332 shares of the company’s stock valued at $124,000 after buying an additional 2,753 shares during the period. Telemus Capital LLC raised its stake in Apollo Investment Corp. by 314.7% in the second quarter. Telemus Capital LLC now owns 525,307 shares of the company’s stock valued at $2,910,000 after buying an additional 398,632 shares during the period. Duncker Streett & Co. Inc. raised its stake in Apollo Investment Corp. by 2.6% in the second quarter. Duncker Streett & Co. Inc. now owns 63,079 shares of the company’s stock valued at $349,000 after buying an additional 1,617 shares during the period. Finally, Sigma Planning Corp raised its stake in Apollo Investment Corp. by 3.0% in the second quarter. Sigma Planning Corp now owns 55,900 shares of the company’s stock valued at $310,000 after buying an additional 1,630 shares during the period. Hedge funds and other institutional investors own 43.84% of the company’s stock.

A number of research firms recently commented on AINV. Zacks Investment Research upgraded Apollo Investment Corp. from a “sell” rating to a “hold” rating in a report on Friday, November 11th. Barclays PLC reiterated a “hold” rating and set a $6.00 price target on shares of Apollo Investment Corp. in a report on Wednesday, November 9th. BMO Capital Markets reiterated a “hold” rating on shares of Apollo Investment Corp. in a report on Wednesday, November 9th. National Securities restated a “neutral” rating and set a $6.00 price objective on shares of Apollo Investment Corp. in a research report on Wednesday, November 9th. Finally, Jefferies Group restated a “buy” rating on shares of Apollo Investment Corp. in a research report on Friday, August 12th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $6.42.

About Apollo Investment Corp.

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