Last $7.75 USD
Change Today -0.06 / -0.77%
Volume 1.2M
AINV On Other Exchanges
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As of 8:10 PM 03/4/15 All times are local (Market data is delayed by at least 15 minutes).

apollo investment corp (AINV) Snapshot

Open
$7.81
Previous Close
$7.81
Day High
$7.84
Day Low
$7.70
52 Week High
09/10/14 - $8.87
52 Week Low
12/16/14 - $6.80
Market Cap
1.8B
Average Volume 10 Days
1.4M
EPS TTM
$0.93
Shares Outstanding
236.7M
EX-Date
03/18/15
P/E TM
8.3x
Dividend
$0.80
Dividend Yield
10.32%
Current Stock Chart for APOLLO INVESTMENT CORP (AINV)

apollo investment corp (AINV) Related Businessweek News

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apollo investment corp (AINV) Details

Apollo Investment Corporation is business development company and operates as a closed-end management investment company. The company invests in middle market companies. It provides direct equity capital, mezzanine and senior secured loans, and subordinated debt and loans. It also seeks to invest in PIPES transactions. The company may also invest in public companies that are thinly traded and may acquire investments in the secondary market. It prefers to invest in warrants, makes equity co-investments, and may also invest in cash equivalents, U.S. government securities, high-quality debt investments that mature in one year or less, high-yield bonds, distressed debt, non-U.S. investments, or securities of public companies that are not thinly traded. The company typically invests in building materials, business services, cable television, chemicals, consumer products, direct marketing, distribution, energy and utilities, financial services, healthcare, manufacturing, media, publishing, retail and transportation. It primarily invests between $20 million and $250 million in its portfolio companies. The company seeks to make investments with stated maturities of five to ten years.

apollo investment corp (AINV) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: --
President and Chief Investment Officer
Total Annual Compensation: --
Executive Chairman
Total Annual Compensation: --
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: --
Chief Legal Officer, Vice President, and Secr...
Total Annual Compensation: --
Compensation as of Fiscal Year 2014.

apollo investment corp (AINV) Key Developments

Apollo Investment Corporation Declares Dividend for the Third Quarter Ended December 31, 2014, Payable on April 6, 2015; Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended December 31, 2014

Apollo Investment Corporation announced that its Board of Directors has declared a dividend of $0.20 per share for the third quarter ended December 31, 2014, payable on April 6, 2015 to stockholders of record as of March 20, 2015. The company reported unaudited earnings results for the third quarter and nine months ended December 31, 2014. For the quarter, the company reported total investment income of $110,026,000 against $94,561,000 a year ago. Net investment income was $56,662,000 or $0.24 per share against $49,683,000 or $0.22 per share a year ago. Net realized loss was $1,430,000 against net realized gain of $3,667,000 a year ago. Net decrease in net assets resulting from operations was $19,452,000 or $0.09 per diluted share against net increase in net assets resulting from operations of $105,738,000 or $0.45 per diluted share a year ago. The decrease in total investment income quarter-over-quarter was mainly due to lower prepayment income. For the nine months, the company reported total investment income of $331,516,000 against $284,941,000 a year ago. Net investment income was $175,902,000 against $151,636,000 a year ago. Net realized loss was $3,169,000 against $109,541,000 a year ago. Net increase in net assets resulting from operations was $87,152,000 or $0.36 per diluted share against $200,967,000 or $0.88 per diluted share a year ago.

OTP Reportedly In Talks To Raise Offer For Nova

OTP Bank Plc. (BUSE:OTP) is in talks to raise its offer for Nova Kreditna Banka Maribor d.d. provided the government strip the lender of some underperforming assets, a source at OTP told Reuters. Apollo Investment Corporation (NasdaqGS:AINV) reportedly made a rival offer of €200 million for Nova, according to Slovenian newspapers, and the government aims to select a buyer by the end of February. "We offered €130 million but we think that the Serbian branches and the leasing unit have a negative value," said a senior source with direct knowledge of the talks. "We told them that if those are taken out, we'd be willing to raise our offer," said the source, who asked not to be identified. "We are actually in talks, even though our offer was clearly lower." A spokesman for OTP declined comment.

Apollo Reportedly Outbids OTP For Nova Kreditna

Apollo Investment Corporation (NasdaqGS:AINV) has outbid OTP Bank Plc. (BUSE:OTP) in the race to acquire Nova Kreditna Banka Maribor d.d., SeeNews reported citing local media. Nova Kreditna Banka Maribor d.d. has attracted an improved privatization offer of $232 million from Apollo Investment Corporation.

 

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