Ares Management Cut Holding in Apollo Investment (AINV) by $765,000 as Valuation Declined; As Bank Amer (BAC) Share Price Declined, Birch Hill Investment Advisors Lifted by $722,250 Its Stake

February 14, 2018 - By mmahotstuff

Ares Management Llc decreased its stake in Apollo Investment Corp (AINV) by 5.24% based on its latest 2017Q3 regulatory filing with the SEC. Ares Management Llc sold 127,500 shares as the company’s stock declined 0.16% while stock markets rallied. The institutional investor held 2.31M shares of the company at the end of 2017Q3, valued at $14.09 million, down from 2.43 million at the end of the previous reported quarter. Ares Management Llc who had been investing in Apollo Investment Corp for a number of months, seems to be less bullish one the $1.19B market cap company. The stock increased 1.67% or $0.09 during the last trading session, reaching $5.48. About 549,426 shares traded. Apollo Investment Corporation (NASDAQ:AINV) has risen 17.01% since February 14, 2017 and is uptrending. It has outperformed by 0.31% the S&P500.

Birch Hill Investment Advisors Llc increased its stake in Bank Amer Corp (BAC) by 2.83% based on its latest 2017Q3 regulatory filing with the SEC. Birch Hill Investment Advisors Llc bought 28,890 shares as the company’s stock declined 6.00% while stock markets rallied. The institutional investor held 1.05 million shares of the major banks company at the end of 2017Q3, valued at $26.56 million, up from 1.02 million at the end of the previous reported quarter. Birch Hill Investment Advisors Llc who had been investing in Bank Amer Corp for a number of months, seems to be bullish on the $320.76 billion market cap company. The stock increased 0.19% or $0.06 during the last trading session, reaching $31.18. About 76.73 million shares traded or 0.36% up from the average. Bank of America Corporation (NYSE:BAC) has risen 58.64% since February 14, 2017 and is uptrending. It has outperformed by 41.94% the S&P500.

Among 17 analysts covering Apollo Investment (NASDAQ:AINV), 8 have Buy rating, 1 Sell and 8 Hold. Therefore 47% are positive. Apollo Investment had 32 analyst reports since July 22, 2015 according to SRatingsIntel. The rating was maintained by Jefferies with “Buy” on Friday, September 22. The rating was maintained by SunTrust on Friday, November 3 with “Buy”. The company was maintained on Tuesday, August 15 by Jefferies. The rating was downgraded by Wood on Friday, May 20 to “Market Perform”. The rating was maintained by Cantor Fitzgerald on Sunday, August 9 with “Buy”. UBS maintained it with “Buy” rating and $8.50 target in Monday, September 14 report. The firm has “Hold” rating by BMO Capital Markets given on Friday, August 4. The company was maintained on Friday, August 21 by Citigroup. The rating was upgraded by Wells Fargo to “Outperform” on Thursday, February 8. The stock has “Neutral” rating by DA Davidson on Wednesday, September 30.

Investors sentiment increased to 1.17 in Q3 2017. Its up 0.05, from 1.12 in 2017Q2. It increased, as 21 investors sold AINV shares while 44 reduced holdings. 24 funds opened positions while 52 raised stakes. 96.55 million shares or 0.02% less from 96.57 million shares in 2017Q2 were reported. Macquarie Gp invested 0% in Apollo Investment Corporation (NASDAQ:AINV). Tudor Investment Corp Et Al holds 0% or 30,076 shares. Moreover, Mackenzie has 0% invested in Apollo Investment Corporation (NASDAQ:AINV) for 119,109 shares. Cubist Systematic Strategies Limited Liability owns 17,727 shares. Citigroup has 56,611 shares. West Family Invs reported 0.01% in Apollo Investment Corporation (NASDAQ:AINV). New York-based Focused Wealth Mngmt has invested 0% in Apollo Investment Corporation (NASDAQ:AINV). Globeflex Capital LP invested 0.12% of its portfolio in Apollo Investment Corporation (NASDAQ:AINV). Advsrs Asset Management has invested 0.04% in Apollo Investment Corporation (NASDAQ:AINV). Founders Finance Securities Limited Liability owns 18,295 shares. 24.82 million are owned by Thornburg Inv Mgmt. Advisory Services Limited Liability Com reported 20,567 shares stake. Bluecrest Capital Management Ltd accumulated 14,899 shares. Baldwin Brothers Ma holds 16,000 shares or 0.02% of its portfolio. Kistler holds 0.01% in Apollo Investment Corporation (NASDAQ:AINV) or 2,520 shares.

Ares Management Llc, which manages about $35.87 billion and $2.95B US Long portfolio, upped its stake in Bioscrip Inc. (NASDAQ:BIOS) by 6.34 million shares to 6.36 million shares, valued at $17.49 million in 2017Q3, according to the filing. It also increased its holding in Kcap Financial Inc (NASDAQ:KCAP) by 139,456 shares in the quarter, for a total of 299,778 shares, and has risen its stake in Peabody Energy Corp.

Birch Hill Investment Advisors Llc, which manages about $1.24B and $1.15 billion US Long portfolio, decreased its stake in Wells Fargo Co New (NYSE:WFC) by 8,237 shares to 294,492 shares, valued at $16.24 million in 2017Q3, according to the filing. It also reduced its holding in Capital One Finl Corp (NYSE:COF) by 4,817 shares in the quarter, leaving it with 224,620 shares, and cut its stake in Grainger W W Inc (NYSE:GWW).

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