Apollo Funding Co. (NASDAQ:AINV) – Analysts at Jefferies Monetary Group lowered their This fall 2022 earnings per share (EPS) estimates for shares of Apollo Funding in a report launched on Thursday, February third. Jefferies Monetary Group analyst Ok. Joseph now anticipates that the asset supervisor will publish earnings per share of $0.34 for the quarter, down from their earlier forecast of $0.35. Jefferies Monetary Group additionally issued estimates for Apollo Funding’s Q1 2024 earnings at $0.36 EPS, Q2 2024 earnings at $0.36 EPS, Q3 2024 earnings at $0.36 EPS and FY2024 earnings at $1.44 EPS.
Different analysts additionally just lately issued stories concerning the inventory. Zacks Funding Analysis downgraded shares of Apollo Funding from a “maintain” score to a “promote” score in a analysis report on Wednesday, January fifth. Wells Fargo & Firm lowered their goal worth on Apollo Funding from $13.75 to $13.25 and set an “equal weight” score for the corporate in a analysis observe on Monday, October twenty fifth.
Apollo Funding inventory opened at $13.46 on Monday. The corporate has a present ratio of 1.22, a fast ratio of 1.22 and a debt-to-equity ratio of 1.54. Apollo Funding has a 1 12 months low of $11.75 and a 1 12 months excessive of $15.27. The corporate has a market cap of $866.22 million, a PE ratio of seven.28 and a beta of 1.86. The corporate’s 50-day shifting common is $13.06 and its two-hundred day shifting common is $13.30. Apollo Funding (NASDAQ:AINV) final issued its quarterly earnings outcomes on Wednesday, February 2nd. The asset supervisor reported $0.35 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.01. Apollo Funding had a internet margin of 57.61% and a return on fairness of 9.11%. Throughout the identical quarter within the prior 12 months, the enterprise posted $0.43 EPS.
Apollo Funding introduced that its Board of Administrators has initiated a inventory repurchase plan on Thursday, February third that permits the corporate to buyback $25.00 million in shares. This buyback authorization permits the asset supervisor to purchase as much as 3% of its shares by way of open market purchases. Shares buyback plans are usually an indication that the corporate’s board of administrators believes its inventory is undervalued.
The agency additionally just lately declared a quarterly dividend, which shall be paid on Thursday, April seventh. Stockholders of document on Monday, March twenty first shall be paid a dividend of $0.31 per share. The ex-dividend date is Friday, March 18th. This represents a $1.24 annualized dividend and a dividend yield of 9.21%. Apollo Funding’s dividend payout ratio is at the moment 67.03%.
Institutional traders and hedge funds have just lately modified their holdings of the corporate. Nationwide Asset Administration Inc. purchased a brand new place in shares of Apollo Funding in the course of the third quarter price roughly $136,000. NinePointTwo Capital LLC acquired a brand new stake in shares of Apollo Funding within the third quarter valued at roughly $149,000. Pictet & Cie Europe SA acquired a brand new stake in shares of Apollo Funding within the third quarter valued at roughly $154,000. Wolverine Asset Administration LLC boosted its holdings in shares of Apollo Funding by 44.8% within the third quarter. Wolverine Asset Administration LLC now owns 11,929 shares of the asset supervisor’s inventory valued at $154,000 after shopping for a further 3,690 shares over the last quarter. Lastly, Squarepoint Ops LLC acquired a brand new stake in Apollo Funding in the course of the 2nd quarter valued at $167,000. 31.15% of the inventory is owned by institutional traders.
About Apollo Funding
Apollo Funding Company (NASDAQ: AINV) , a Maryland company organized on February 2, 2004, is a closed-end, externally managed, non-diversified administration funding firm that has elected to be handled as a enterprise growth firm (”BDC”) underneath the Funding Firm Act of 1940 (the ”1940 Act”).
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