Advisors Asset Management, Inc. recently announced the acquisition of new stake in Apollo Senior Floating Rate Fund Inc. (NYSE:AFT). The institutional investor has increased its shareholding in the Financial company by 16.91% to 0.37 million shares with purchase of 53494.0 shares. This fresh investment now brings its stake to 2.37% valued currently at $4.56 million. In addition, Morgan Stanley Smith Barney LLC raised its holdings by 25490.0 to 0.36 million shares. And Oaktree Capital Management LP has lifted its position by 56.33% or 99485.0 shares – to 0.28 million shares.
With over 88763.0 Apollo Senior Floating Rate Fund Inc. (AFT) shares trading Tuesday and a closing price of $12.75 on the day, the dollar volume was approximately $1.13 million. The shares have shown a negative half year performance of -1.77% and its price on 01/24/23 lost nearly -0.70%. Currently, there are 14.46M common shares owned by the public and among those 14.46M shares have been available to trade.
Insiders at the company have transacted a total of 2 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 2 of these insider trades were purchases, accounting for 2,700 shares. Insider sales of the common stock occurred on 0 occasions, with total insider shares sold totaling 0 shares.
The top 3 mutual fund holders in Apollo Senior Floating Rate Fund Inc. are AQR Diversified Arbitrage Fund, WCM Alternatives Event Driven Fun, and Saba Closed End Funds ETF. AQR Diversified Arbitrage Fund owns 12426.0 shares of the company’s stock, all valued at over $0.15 million. The company bought an additional 4856.0 shares recently to bring their total holdings to about 0.08% of the shares outstanding. Saba Closed End Funds ETF now owns shares totaling to 0.03% of the shares outstanding.
However, the script later moved the day high at 12.85, down -0.70%. The company’s stock has a 5-day price change of -0.31% and 3.66% over the past three months. AFT shares are trading 3.32% year to date (YTD), with the 12-month market performance down to -24.47% lower. It has a 12-month low price of $12.15 and touched a high of $16.92 over the same period. AFT has an average intraday trading volume of 67.04K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 1.52%, 1.50%, and -2.20% respectively.
Institutional ownership of Apollo Senior Floating Rate Fund Inc. (NYSE: AFT) shares accounts for 45.84% of the company’s 14.46M shares outstanding. Mutual fund holders own 10.83%, while other institutional holders and individual stakeholders account for 31.05% and 0.21% respectively.
It has a market capitalization of $184.42M. The stock’s trailing 12-month PE ratio is 10.04, while the earnings-per-share (ttm) stands at $1.27. Price movements for the stock have been influenced by the stock’s volatility, which stands at 0.96% over the week and 0.92% over the month.
The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0.