Short traders are more bullish on shares of the company if you take a look at the fall in short interest. The firm had a fall in short interest of -15.69% as of the latest report on October 13, 2017. Short shares decreased from 1,457,020 to 1,228,405 over that timeframe.
A few notable investment firms have updated their holdings. As of quarter end Aperio Group, LLC had acquired 603 shares growing its position 3.2%. The value of the company’s investment in Apollo Investment Corporation – decreased from $120,000 to $118,000 a change of 1.7% since the last quarter. Raymond James Financial Services Advisors, Inc. trimmed its investment by selling 3,995 shares a decrease of 15.0% as of 09/30/2017. Raymond James Financial Services Advisors, Inc. now controls 22,714 shares with a value of $139,000. The total value of its holdings decreased 18.7%.
As of the end of the quarter Sumitomo Mitsui Asset Management Company, Ltd had bought a total of 68,571 shares growing its stake by 7.9%. The value of the investment in AINV went from $5,541,000 to $5,717,000 a change of $176,000 for the reporting period. Simplex Trading, LLC downsized its ownership by shedding 1,844 shares a decrease of 35.0% from 06/30/2017 to 09/30/2017. Simplex Trading, LLC controls 3,432 shares valued at $20,000. The value of the position overall is down by 39.4%.
The company is now down by 0.17% since yesterday’s close of $5.92. The company announced a dividend paid on Thursday the 5th of October 2017. The dividend was $0.150 per share for the quarter or $0.60 on an annualized basis. This dividend amount was represent a yield of $9.36. The ex-dividend date was set for Wednesday the 20th of September 2017.
The stock last traded at $5.92 a bit lower than $6.02, the stock’s 50 day moving average and a tad below the 200 day moving average of $6.28. The 50 day moving average was down $-0.10 whereas the 200 day average was down by -5.68%.
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..