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Stock Market & Financial Investment News

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February 26, 2014
08:31 EDTAINVApollo fundamentals unchanged after index removal, says Maxim
Maxim notes shares of Apollo Investment were down 6% yesterday after the company priced a 12M share offering and the S&P announced that the stock would be removed from the S&P MidCap 400 Index after the close on February 28. Maxim says the index removal does not change the fundamentals and it reiterates a Buy rating on Apollo with a $9.50 price target.
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May 19, 2015
07:33 EDTAINVApollo Investment reports Q4 NII 22c, consensus 22c
Net asset value per share at the end of the quarter was $8.18, compared to $8.43 at December 31, 2014, a decline of 3%. CEO James Zelter said, “During our fiscal year, we continued to make progress on many of our objectives including repositioning the portfolio into more secured debt, while slightly improving the overall portfolio yield. Although we experienced net unrealized depreciation during the quarter, we believe the credit quality of our portfolio remains strong. In addition, we believe that we can continue to rotate out of lower yielding assets and into attractive higher yielding assets, as there continues to be a shortage of available homes for illiquid investments.”
May 18, 2015
16:13 EDTAINVLittlejohn to acquire PlayPower from Apollo Investment
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15:00 EDTAINVNotable companies reporting before tomorrow's open
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