Apollo Investment (AINV) reported earnings on Fri 18 May 18 (b/o)

** charts after earnings **

 

Apollo Investment misses by $0.01, misses on revs; Howard Widra appoints CEO; succeeding James Zelter 

• Reports Q4 (Mar) earnings of $0.15 per share, $0.01 worse than the Capital IQ Consensus of $0.16; revenues fell 7.2% year/year to $61.5 mln vs the $64.17 mln Capital IQ Consensus.
• The Company's net asset value was $6.56 per share as of March 31, 2018, compared to $6.60 as of December 31, 2017.
• The Company announced that it has made two executive officer appointments. Mr. Howard Widra, who has served as President of the Company since June 2016 has been appointed Chief Executive Officer, succeeding Mr. James Zelter, who has served as Chief Executive Officer since 2006. Mr. Zelter will continue to serve as a Director and Mr. Widra has been named a Director. Mr. Tanner Powell has been appointed President of Company filling the vacancy created by Mr. Widra's appointment. Mr. Powell will also continue to serve as Chief Investment Officer for the Company's Investment Adviser.