(NYSE:AIB) shares saw light trading volume with 0 shares changing hands by the end of trading on Tuesday. Shares saw a steep decrease in trading volume of 100.00% under the normal average daily volume.
In the market the company is trading unchanged by 0.00% since yesterday’s close of $25.31. Shares are trading at $25.31 a tad above the 50 day moving average of $25.24 and which is a tad under the 200 day moving average of $25.32. The 50 day moving average went up by +0.28% and the 200 day average went down by -0.02%.
Apollo Investment Corporation, launched on February 2, 2004, is a closed-end, externally managed, non-diversified management investment company. The Business’s investment objective is to generate current income and capital appreciation. It invests primarily in various forms of debt investments, including secured and unsecured debt, loan investments and/or equity in private middle-market companies. It may also invest in the securities of public companies and in structured products and other investments, such as collateralized loan obligations (CLOs) and credit-linked notes (CLNs). Its portfolio also includes equity interests, such as common stock, preferred stock, warrants or options. While it primarily invests in investments in the United States secured and unsecured loans, other debt securities and equity, it may also invests a portion of the portfolio in other investment opportunities, including foreign securities and structured products. Most of the debt instruments the Company invests in are unrated or rated below investment grade, which is often an indication of size, credit worthiness and speculative nature relative to the capacity of the borrower to pay interest and principal..