Traders are more bearish on Apollo Global Management, LLC C recently if you take note of the uptick in short interest. The stock saw a rise in short interest between September 29, 2017 and October 13, 2017 of 11.68%. Short interest increased 252,984 over that timeframe. Days to cover increased 3.0 to 6.0 and the percentage of shorted shares was 0.01% on October 13.
Here is a rundown on some insider market activity for Apollo Global Management, LLC C (NYSE:APO). Robert K. Kraft, Director disclosed the purchase of 30,000 shares of (APO). The shares sold for $29.90. Kraft now owns $7,774,000 of the stock according to the SEC filing.
These firms have modified their investment in APO. As of quarter end Sol Capital Management Co had acquired a total of 150 shares growing its holdings by 0.3%. The value of the total investment in Apollo Global Management, LLC C increased from $1,169,000 to $1,335,000 a change of $166,000 for the reporting period. As of the end of the quarter Beck Mack & Oliver LLC had bought 2,695 shares growing its position 0.1%. The value of the investment in APO went from $80,832,000 to $92,068,000 a change of 13.9% quarter to quarter.
As of the end of the quarter Raymond James Financial Services Advisors, Inc. had bought 7,051 shares growing its stake by 26.8%. The value of the company’s investment in Apollo Global Management, LLC C increased from $695,000 to $1,003,000 increasing 44.3% quarter over quarter. As of quarter end Summit Securities Group, LLC had bought a total of 60 shares growing its position 68.2%. The value in dollars increased from $233,000 to $445,000 increasing 91.0% since the last quarter.
August 8 investment analysts at Morgan Stanley left the company rating at “Equal-Weight” but moved up the price target from $23.00 to $28.00. On October 5 Morgan Stanley kept the stock rating at “Equal-Weight” and moved up the price target to $30.00 from $28.00.
In the market the company is trading up by 0.41% since yesterday’s close of $31.58. Apollo Global Management, LLC C recently declared a dividend that was paid on Thursday the 31st of August 2017. The dividend was $0.520 per share for the quarter or $2.08 annualized. This dividend amount was represent a yield of $6.45. The ex-dividend date was set for Friday the 18th of August 2017.
It is trading at $31.58 a tad above the 50 day moving average of $30.79 and which is quite a bit higher than the 200 day moving average of $28.44. The 50 day moving average was up by +2.56% whereas the 200 day moving average was up $3.14 or +11.05%.
The P/E ratio is currently 12.37 and the market cap is 6.12B. In the latest earnings report the EPS was $2.55 and is estimated to be $2.50 for the current year with 193,912,000 shares currently outstanding. Next quarter’s EPS is forecasted at $0.62 with next year’s EPS projected to be $2.91.
Apollo Global Management, LLC (Apollo), launched on July 3, 2007, is an alternative investment manager in private equity, credit and real estate. The Company raises, invests and manages funds on behalf of pension, endowment and sovereign wealth funds, as well as other institutional and individual investors. The Business’s segments include private equity, credit and real estate. The private equity segment invests in control equity and related debt instruments, convertible securities and distressed debt investments. The credit segment invests in non-control corporate and structured debt instruments, including performing, stressed and distressed investments across the capital structure. The real estate segment invests in real estate equity for the acquisition and recapitalization of real estate assets, portfolios, platforms and operating companies, and real estate debt, including first mortgage and mezzanine loans, preferred equity and commercial mortgage backed securities..