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Apollo Investment Corporation (AINV)

NasdaqGM - NasdaqGM Real Time Price. Currency in USD
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13.410.00 (0.00%)
At close: 4:00PM EDT
13.41 0.00 (0.00%)
After hours: 04:00PM EDT
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  • A
    Andrew55
    At under $13 this is a screaming buy. You are getting a sweet dividend and a great discount to NAV.
    Bullish
  • L
    Lyle
    I have held this stock for a lot of years including the reverse split. My cost average is around $17.00 plus dollars and I like the dividend and the little extra that it pays. I am reinvesting the dividends now to bring my cost averaging down this is working for me. This is a good investment so hang in there for future growth.
  • E
    Edward
    Why does this sell at 80% of book value? Is there a risk that isn't apparent?
  • g
    greg
    Does anyone have a reasonable, informed opinion as to why AINV has spent the past 3 months dropping like a fly in a Raid factory?
  • A
    Andrew55
    NAV again went up from $15.88 to &16.02 which to me is one of the more important stats. Dividend is still solid and have to love those special dividends.
  • j
    josh
    Apollo Investment Corporation (AINV) Reports Q1 (Jun) earnings of $0.39 per share, excluding non-recurring items, in-line with the S&P Capital IQ Consensus of $0.39; revenues fell 10.8% year/year to $50.55 mln vs the $51.42 mln S&P Capital IQ Consensus.Board declared a special dividend of $0.05/share, payable on October 8, 2021 to shareholders of record as of September 21, 2021.
  • j
    josh
    Apollo Investment Corporation (AINV) or the “Company,” or “Apollo Investment,” today announced financial results for its fourth fiscal quarter and fiscal year ended March 31, 2020. The Company’s net investment income was $0.59 per share for the quarter ended March 31, 2020, compared to $0.54 per share for the quarter ended December 31, 2019. The Company’s net asset value (“NAV”) was $15.70 per share as of March 31, 2020, compared to $18.27 as of December 31, 2019.
  • j
    josh
    (AINV) on Thursday reported fiscal second-quarter net income of $33.3 million.

    The New York-based company said it had net income of 51 cents per share. Earnings, adjusted for investment gains, came to 43 cents per share.

    The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 39 cents per share.

    The investment company posted revenue of $54.9 million in the period, falling short of Street forecasts. Three analysts surveyed by Zacks expected $55.4 million.

    Apollo Investment shares have declined 53% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $8.24, a drop of 48% in the last 12 months.
  • L
    Learner
    Add more shares Today at $6.20 to average down the cost.
    Plan to buy more shares if PPS still linger so low when receive div on 4/06.
  • j
    josh
    Fiscal First Quarter and Other Recent Highlights:

    Net investment income per share for the quarter was $0.43 compared to $0.59 for the quarter ended March 31, 2020
    Net asset value per share as of the end of the quarter was $15.29 compared to $15.70 as of March 31, 2020, a 2.6% decrease due to a net loss on non-core and legacy assets (1) partially offset by a net gain on the corporate lending portfolio (2)
    New investment commitments made during the quarter totaled $17 million (3)
    Gross fundings during the quarter totaled $138 million consisting of $53 million of term loans and $85 million of revolvers
    Gross exits during the quarter totaled $233 million consisting of $68 million of term loan sales, $49 million of term loan repayments, and $116 million of gross revolver paydowns
    Net paydowns during the quarter totaled $95 million, consisting of $64 million of net term loan paydowns and $31 million of net revolver paydowns
    – Net paydowns subsequent to quarter end total approximately $50 million (4)
    Net leverage (5) as of the end of the quarter was 1.66x, down from 1.71x as of March 31, 2020
    Received 97% of contractual interest payments during the quarter
    Declared a base distribution of $0.31 per share and a supplemental distribution of $0.05 per share for the quarter ending September 30, 2020
    $243 million of immediately available liquidity and $205 million of additional capacity under the Senior Secured Facility as of June 30, 2020 (6)
    Kroll Bond Rating Agency affirmed the Company's investment grade rating in July
  • j
    josh
    Apollo Investment Corporation Reports Financial Results for the Quarter Ended June 30, 2019
    08/06/2019
    Fiscal First Quarter and Other Recent Highlights:
    Net investment income per share for the quarter was $0.50 compared to $0.47 for the quarter ended March 31, 2019 Net asset value per share as of the end of the quarter was $19.00 compared to $19.06 as of March 31, 2019, a 0.3% decline Continued to successfully execute portfolio repositioning strategy, including increasing exposure to core strategies(1) to 83% of the portfolio(2) as of the end of the quarterGross commitments made during the quarter totaled $451 millionGross fundings during the quarter totaled $312 million(3) and net fundings totaled $215 million(4)Net leverage(5) as of the end of the quarter was 1.03x, compared to 0.83x as of March 31, 2019Declared a distribution of $0.45 per shareRepurchased 949,633 million shares of common stock for an aggregate cost of $15.1 million during the quarterCommitments to the Company’s Senior Secured Facility (“Facility”) increased by $70 million with the addition of one new lender during the quarter, increasing the size of the Facility to $1.71 billionAnnounced the redemption of $150 million of 6 7/8% senior unsecured notes due 2043 in July(6)Kroll Bond Rating Agency affirmed the Company's investment grade rating in July(7)
    Aug. 06, 2019 Apollo Investment Corporation (NASDAQ: AINV) or the “Company,” or “Apollo Investment,” today announced financial results for its first fiscal quarter ended June 30, 2019. The Company’s net investment income was $0.50 per share for the quarter ended June 30, 2019, compared to $0.47 per share for the quarter ended March 31, 2019. The Company’s net asset value (“NAV”) was $19.00 per share as of June 30, 2019, compared to $19.06 as of March 31, 2019.
    On August 6, 2019, the Board of Directors declared a distribution of $0.45 per share, payable on October 7, 2019 to shareholders of record as of September 20, 2019.
  • j
    josh
    Repurchased 1,286,565 shares of common stock at a weighted average price per share of $11.62, inclusive of commissions, for an aggregate cost of $15.0 million during the quarter
  • B
    Bulvan
    More on Apollo Investment Q2: 1-for-3 reverse stock split, $50M buyback
    I've never seen a reverse split that turns out well for investors.
  • j
    josh
    The Company’s net asset value (“NAV”) was $15.59 per share as of December 31, 2020, compared to $15.44 as of September 30, 2020.
  • L
    Lyle
    What just happened this past Friday as the stock drop.50 and today again down .46? The company also reported a positive earnings and gave a dividend of.31 with a special extra dividend of.05, that should have given a increase value of this stock.
  • N
    Nick_In_Message
    DRIPED yesterday and will continue to DRIP

    As of Dec. 31, 2019, its $2.97B investment portfolio was diversified across 151 companies and 29 different industries. No single borrower accounted for more than 3% of the total investment portfolio at fair value, except Merx Aviation Finance, which represents 12% of its portfolio at fair value.

    Largest industry concentration is healthcare and pharmaceuticals which represented 16% of the portfolio at fair value at the end of December 2019. Not a bad place to be given the current crisis.

    Oil and gas exposure was limited to three portfolio companies representing 4.0% of the investment portfolio, at fair value, with its largest exposure being Spotted Hawk, representing 2.9% of the total portfolio,

    Limited exposure in retail and hotels.

    Stay safe.
  • j
    josh
    11/10/20
    Wells Fargo & Co. Upgraded Apollo Investment Corporation (AINV) $10.50 Underweight ➝ Overweight
  • e
    edward
    This good to buy? Great dividend price as well as low cost
  • j
    josh
    1/21/21
    Jefferies Raises Price Apollo Investment Corporation (AINV) $11.00 -> $13.00
  • M
    Marco
    Given the current situation around the world, the numbers reported today are quite impressive. Collecting AINV dividends since 2009.
    Bullish
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