Revenue Update on Apollo Investment Corp.(NASDAQ:AINV)

Apollo Investment Corp.(NASDAQ:AINV) announced the earnings results for Fiscal Year 2017 and Q3. The results came in during Pre-Market on Feb 6, 2017. Company reported revenue of $68.071M. Analysts estimated a revenue of $69.670M. The revenues were -2.3% below the estimates. Earnings per share were $0.17. The reported EPS was above estimates by 6.25%. Analysts had estimated an EPS of $0.16.

Apollo Investment Corp. (AINV) shares turned negative on Tuesdays trading session with the shares closing down -0.14 points or -2.31% at a volume of 9,64,984. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $6.02. The peak price level was also seen at $6.02 while the days lowest was $5.92. Finally the shares closed at $5.92. The 52-week high of the shares is $6.27 while the 52-week low is $4.26. According to the latest information available, the market cap of the company is $1,301 M.

Several Insider Transactions has been reported to the SEC. On Aug 22, 2016, Hilary E. Ackermann (director) purchased 6,000 shares at $6.02 per share price.Also, On Aug 17, 2016, Howard Widra (President) purchased 5,000 shares at $6.02 per share price.On Aug 16, 2016, Frank C Puleo (director) purchased 4,180 shares at $6.01 per share price, according to the Form-4 filing with the securities and exchange commission.

Apollo Investment Corporation (Apollo Investment) is a closed-end externally managed non-diversified management investment company. The Company’s investment objective is to generate current income and capital appreciation. The Company 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 structured products such as collateralized loan obligations (CLOs) and credit-linked notes (CLNs). It invests in middle-market which include companies with annual revenues between $50 million and $2 billion. It may also invest a portion of the portfolio in other investment opportunities including foreign securities and structured products. Apollo Investment Management L.P. is the Company’s investment adviser.

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