Apollo Investment Corporation (NASDAQ:AINV) is reporting second quarter financial results on Thursday 5th November 2020, after market close.
According to analysts surveyed by Thomson Reuters, AINV is expected to report 2Q21 income of $ 0.41 per share from revenue of $ 55.94 million.
For the full year, analysts anticipate top line of $ 222.90 million, while looking forward to income of $ 1.60 per share bottom line.
Previous Quarter Performance
Apollo Investment Corporation disclosed income for the first quarter of $ 0.43 per share, from the revenue of $ 56.67 million. Street analysts expected Apollo Investment Corporation to report income of $ 0.45 per share on revenue of $ 62.67 million for the first quarter. The bottom line results missed street analysts by $ 0.02 or 4.44 percent, at the same time, top line results fell short of analysts by $ 6 million or 9.57 percent.
Stock Performance
Shares of Apollo Investment Corporation traded up $ 0.15 or 1.92 percent on Wednesday, reaching $ 7.95 with volume of 420.80 thousand shares. Apollo Investment Corporation has traded high as $ 7.97 and has cracked $ 7.53 on the downward trend
The closing price of $ 7.95, representing a 50.00 % increase from the 52 week low of $ 5.20 and a 57.45 % decrease over the 52 week high of $ 18.33.
The company has a market capital of $ 518.81 million and is part of the Financial Services sector and Asset Management industry.
Recent Stock Dividend Announcement
On August 6, 2020, the board of directors authorized quarterly dividend of $ 0.31 per share to holders of record as of the close of business on September 21, 2020, with payment date of October 7, 2020 and ex-dividend date on September 18, 2020.
Conference Call
Apollo Investment Corporation will be hosting a conference call at 5:00 PM eastern time on 5th November 2020, to discuss its 2Q21 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.apolloic.com
Apollo Investment Corporation is business development company specializing in middle market companies. It provides direct equity capital, mezzanine and senior secured loans, unsecured debt, and subordinated debt and loans. It also seeks to invest in PIPES transactions.
