AINV - Watch for Continued Gains in Shares of Apollo Investment Corporation (AINV)

Shares of Apollo Investment Corporation (NASDAQ:AINV) traded today at $18.32, eclipsing its 52-week high. Approximately 67.9 million shares have changed hands today, as compared to an average 30-day volume of 394,000 shares.

Apollo Investment Corp is US-based closed-end non-diversified management investment company. The company's investment objective is to generate current income and capital appreciation. It mainly invests in various forms of debt investments such as secured and unsecured debt, loan investments and equity in private middle-market companies as well as public companies and in structured products. The company's portfolio includes secured and unsecured debt of private middle-market companies and equity interests such as common stock, preferred stock, warrants or options. It generates its revenue primarily in the form of interest and dividend income from the securities and capital gains on investment securities in portfolio companies.

In the past 52 weeks, Apollo Investment Corporation share prices are bracketed by a current low of $4.95 and a high of $15.27 and is now at $13.27.

Apollo Investment Corporation (NASDAQ:AINV) is currently priced 8.0% above its average consensus analyst price target of $12.21.

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