Could Apollo Investment Corp. (AINV) Go Down? The Stock Formed Multiple Bottom Chart Pattern

November 7, 2017 - By Vivian Currie

Investors sentiment increased to 1.12 in 2017 Q2. Its up 0.03, from 1.09 in 2017Q1. It improved, as 13 investors sold Apollo Investment Corp. shares while 52 reduced holdings. 18 funds opened positions while 55 raised stakes. 96.57 million shares or 2.16% more from 94.52 million shares in 2017Q1 were reported.
Prudential holds 10,350 shares or 0% of its portfolio. Baldwin Brothers Ma accumulated 16,000 shares or 0.02% of the stock. Kbc Nv owns 0.01% invested in Apollo Investment Corp. (NASDAQ:AINV) for 174,411 shares. Muzinich & Company has invested 5.35% in Apollo Investment Corp. (NASDAQ:AINV). First City Mngmt holds 0.05% or 11,250 shares. Massachusetts-based Rhumbline Advisers has invested 0% in Apollo Investment Corp. (NASDAQ:AINV). Thompson Siegel And Walmsley Llc, Virginia-based fund reported 1,067 shares. Invesco stated it has 0% of its portfolio in Apollo Investment Corp. (NASDAQ:AINV). James Research Inc owns 0.04% invested in Apollo Investment Corp. (NASDAQ:AINV) for 186,295 shares. Blackrock Incorporated holds 1.52M shares or 0% of its portfolio. Van Eck Associates Corp has invested 0.05% in Apollo Investment Corp. (NASDAQ:AINV). Janney Montgomery Scott Ltd Limited Liability Company owns 119,794 shares. One Association holds 0% or 10,218 shares in its portfolio. Arrowstreet Ltd Partnership has invested 0.02% in Apollo Investment Corp. (NASDAQ:AINV). Commonwealth Equity Ser reported 0.01% of its portfolio in Apollo Investment Corp. (NASDAQ:AINV).

The stock of Apollo Investment Corp. (AINV) shows a multiple bottoms pattern with $5.88 target or 4.00 % below today’s $6.12 share price. The 6 months chart pattern indicates high risk for the $1.34B company. It was reported on Nov, 7 by If the $5.88 price target is reached, the company will be worth $53.60M less.
Multiple bottoms are very good trading chart patterns. These patterns have a low break even failure rate and decent average rise in a bull market, giving them a solid performance rank. Back-tests of such patterns show that the break even failure rate is 4%, the average rise: 37%, the throwback rate: 64% and the percentage of stocks meeting their price targets: 64%.

About 504,049 shares traded. Apollo Investment Corp. (NASDAQ:AINV) has risen 17.01% since November 7, 2016 and is uptrending. It has outperformed by 0.31% the S&P500.

Wall Street await Apollo Investment Corp. (NASDAQ:AINV) to release earnings on November, 14. Analysts forecast earnings per share of $0.16, down exactly $0.02 or 11.11 % from 2014’s $0.18 EPS. The expected AINV’s profit could reach $35.03 million giving the stock 9.56 P/E in the case that $0.16 earnings per share is reported. After posting $0.15 EPS for the previous quarter, Apollo Investment Corp.’s analysts now forecast 6.67 % EPS growth.

Apollo Investment Corp. (NASDAQ:AINV) Ratings Coverage

Among 16 analysts covering Apollo Investment (NASDAQ:AINV), 7 have Buy rating, 1 Sell and 8 Hold. Therefore 44% are positive. Apollo Investment has $8.50 highest and $5.75 lowest target. $6.75’s average target is 10.29% above currents $6.12 stock price. Apollo Investment had 28 analyst reports since July 22, 2015 according to SRatingsIntel. The firm has “Buy” rating by Jefferies given on Friday, September 22. The firm has “Market Perform” rating by Wood given on Friday, May 20. The rating was maintained by RBC Capital Markets on Friday, August 4 with “Buy”. The stock of Apollo Investment Corp. (NASDAQ:AINV) earned “Neutral” rating by DA Davidson on Wednesday, September 30. The firm earned “Buy” rating on Monday, September 14 by UBS. The stock has “Market Perform” rating by JMP Securities on Thursday, February 11. The rating was maintained by BMO Capital Markets with “Hold” on Friday, August 4. The rating was maintained by Citigroup with “Neutral” on Friday, August 21. The rating was maintained by SunTrust with “Buy” on Friday, November 3. The stock of Apollo Investment Corp. (NASDAQ:AINV) has “Equal Weight” rating given on Wednesday, July 22 by Barclays Capital.

Another recent and important Apollo Investment Corp. (NASDAQ:AINV) news was published by which published an article titled: “Apollo Investment Corporation Reports Financial Results for the Quarter Ended …” on November 03, 2017.

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