2020-11-05 16:06:13 AINV Apollo Investment
11/05/20 11/0516:06 11/05/2016:06 | Apollo Investment reports Q2 NII 43c, consensus 41cNet asset value per share as of the end of the quarter was $15.44 compared to $15.29 as of June 30, an increase of 1% driven by a net gain on the corporate lending portfolio and retained earnings, partially offset by a net loss on Merx and on non-core and legacy assets. Mr. Howard Widra, Apollo Investment's CEO, "During the quarter, we made significant progress deleveraging to within our target range of 1.40x to 1.60x. Net leverage at the end of September was 1.56x, down from 1.66x at the end of June. The quarter over quarter decline was due to a combination of strong repayment activity, a net gain on the portfolio, and retained earnings. Notably, repayments included $21 million from non-core assets which we continue to seek to monetize. Furthermore, we have visibility into meaningful additional repayments for the remainder December quarter. Given the reduction in our leverage, combined with our better understanding of how our portfolio companies have been affected by the pandemic and of their expected performance, we can now shift our focus to making new commitments." Howard Widra continued, "As announced last quarter, in addition to a quarterly base distribution of 31-cents per share, the Company's Board of Directors expects to also declare a supplemental distribution in an amount to be determined each quarter. To that end, the Board of Directors, at the recommendation of management, has declared a 5-cent supplemental distribution for the quarter." |
|
---|
Downgrade
|
RBC Capital gets more bearish on Range Resources, downgrades shares »
04:47
04/26/24
04/26
04:47
04/26/2404:47
RRC
Range Resources
RBC Capital analyst Scott… Available to The Fly Members Only Breaking content available to members only. Sign up or login for access. Create FREE Account |
Upgrade
|
JPMorgan gets more bullish on Dow Inc., upgrades shares »
04:46
04/26/24
04/26
04:46
04/26/2404:46
DOW
Dow Inc.
JPMorgan upgraded Dow… Available to The Fly Members Only Breaking content available to members only. Sign up or login for access. Create FREE Account |
Downgrade
|
Grupo Santander gets more bearish on Linea Directa, downgrades shares »
04:44
04/26/24
04/26
04:44
04/26/2404:44
LNDAF
Linea Directa
Grupo Santander… Available to The Fly Members Only Breaking content available to members only. Sign up or login for access. Create FREE Account |
Upgrade
|
Danske Bank gets more bullish on Huhtamaki, upgrades shares »
04:43
04/26/24
04/26
04:43
04/26/2404:43
HOYFF
Huhtamaki
Danske Bank analyst Calle… Available to The Fly Members Only Breaking content available to members only. Sign up or login for access. Create FREE Account |
Upgrade
|
Danske Bank gets more bullish on Revenio Group, upgrades shares »
04:43
04/26/24
04/26
04:43
04/26/2404:43
REVXF
Revenio Group
Danske Bank upgraded… Available to The Fly Members Only Breaking content available to members only. Sign up or login for access. Create FREE Account |
Upgrade
|
Danske Bank gets more bullish on Konecranes, upgrades shares »
04:42
04/26/24
04/26
04:42
04/26/2404:42
KNCRY
Konecranes
Danske Bank upgraded… Available to The Fly Members Only Breaking content available to members only. Sign up or login for access. Create FREE Account |
Downgrade
|
Piper Sandler gets more bearish on First Citizens, downgrades shares »
04:42
04/26/24
04/26
04:42
04/26/2404:42
FCNCA
First Citizens
Piper Sandler analyst… Available to The Fly Members Only Breaking content available to members only. Sign up or login for access. Create FREE Account |
Upgrade
|
Piper Sandler gets more bullish on Citizens Financial, upgrades shares »
04:41
04/26/24
04/26
04:41
04/26/2404:41
CFG
Citizens Financial
Piper Sandler upgraded… Available to The Fly Members Only Breaking content available to members only. Sign up or login for access. Create FREE Account |
Upgrade
|
Nordea gets more bullish on D/S Norden, upgrades shares »
04:40
04/26/24
04/26
04:40
04/26/2404:40
DPBSF
D/S Norden
Nordea upgraded D/S… Available to The Fly Members Only Breaking content available to members only. Sign up or login for access. Create FREE Account |
Downgrade
|
SEB Equities gets more bearish on Swedish Orphan Biovitrum, downgrades shares »
04:37
04/26/24
04/26
04:37
04/26/2404:37
BIOVF
Swedish Orphan Biovitrum
SEB Equities analyst… Available to The Fly Members Only Breaking content available to members only. Sign up or login for access. Create FREE Account |
Downgrade
|
Peel Hunt gets more bearish on ConvaTec, downgrades shares »
04:36
04/26/24
04/26
04:36
04/26/2404:36
CNVVY
ConvaTec
Peel Hunt downgraded… Available to The Fly Members Only Breaking content available to members only. Sign up or login for access. Create FREE Account |
Downgrade
|
Pareto gets more bearish on Cellavision, downgrades shares »
04:35
04/26/24
04/26
04:35
04/26/2404:35
CLVSF
Cellavision
Pareto downgraded… Available to The Fly Members Only Breaking content available to members only. Sign up or login for access. Create FREE Account |
Upgrade
|
Nordea gets more bullish on QT Group, upgrades shares »
04:34
04/26/24
04/26
04:34
04/26/2404:34
QTGPF
QT Group
Nordea analyst Felix… Available to The Fly Members Only Breaking content available to members only. Sign up or login for access. Create FREE Account |
Upgrade
|
Nordea gets more bullish on Essity, upgrades shares »
04:34
04/26/24
04/26
04:34
04/26/2404:34
ETTYF
Essity
Nordea upgraded Essity to… Available to The Fly Members Only Breaking content available to members only. Sign up or login for access. Create FREE Account |
Upgrade
|
Grupo Santander gets more bullish on Befesa, upgrades shares »
04:33
04/26/24
04/26
04:33
04/26/2404:33
BFSAF
Befesa
Grupo Santander upgraded… Available to The Fly Members Only Breaking content available to members only. Sign up or login for access. Create FREE Account |
Upgrade
|
HSBC gets more bullish on Ashtead Group, upgrades shares »
04:32
04/26/24
04/26
04:32
04/26/2404:32
ASHTY
Ashtead Group
HSBC analyst Daniel Cowan… Available to The Fly Members Only Breaking content available to members only. Sign up or login for access. Create FREE Account |
Upgrade
|
Pareto gets more bullish on Alfa Laval, upgrades shares »
04:32
04/26/24
04/26
04:32
04/26/2404:32
ALFVY
Alfa Laval
Pareto upgraded Alfa… Available to The Fly Members Only Breaking content available to members only. Sign up or login for access. Create FREE Account |
Upgrade
|
HSBC gets more bullish on Abrdn, upgrades shares »
04:31
04/26/24
04/26
04:31
04/26/2404:31
SLFPF
Abrdn
HSBC upgraded Abrdn to… Available to The Fly Members Only Breaking content available to members only. Sign up or login for access. Create FREE Account |
Upgrade
|
Aker Solutions just upgraded at JPMorgan, here's why »
04:29
04/26/24
04/26
04:29
04/26/2404:29
AKRTF
Aker Solutions
JPMorgan analyst Kate… Available to The Fly Members Only Breaking content available to members only. Sign up or login for access. Create FREE Account |
Downgrade
|
Aeroports de Paris just downgraded at Citi, here's why »
04:27
04/26/24
04/26
04:27
04/26/2404:27
AEOXF
Aeroports de Paris
Citi downgraded Aeroports… Available to The Fly Members Only Breaking content available to members only. Sign up or login for access. Create FREE Account |
Downgrade
|
Hibbett just downgraded at Baird, here's why »
04:26
04/26/24
04/26
04:26
04/26/2404:26
HIBB
Hibbett
Baird downgraded Hibbett… Available to The Fly Members Only Breaking content available to members only. Sign up or login for access. Create FREE Account |
Initiation
|
Northern Data initiated with bullish view at Berenberg, here's why »
04:24
04/26/24
04/26
04:24
04/26/2404:24
NDTAF
Northern Data
Berenberg analyst Gerhard… Available to The Fly Members Only Breaking content available to members only. Sign up or login for access. Create FREE Account |
General news
| Market Update: European… Available to The Fly Members Only Breaking content available to members only. Sign up or login for access. Create FREE Account |
General news
|
BoJ's Ueda says weak yen hasn't impacted underlying inflation so far. »
03:05
04/26/24
04/26
03:05
04/26/2403:05
$ECON
Economic Data
BoJ's Ueda says weak… Available to The Fly Members Only Breaking content available to members only. Sign up or login for access. Create FREE Account |
General news
|
BoJ left its policy rate band unchanged »
00:25
04/26/24
04/26
00:25
04/26/2400:25
$ECON
Economic Data
BoJ left its policy rate… Available to The Fly Members Only Breaking content available to members only. Sign up or login for access. Create FREE Account |