Apollo Investment Corp. (AINV) – Pristine credit Quality

Following Apollo Investment Corp. (NASDAQ:AINV) beating consensus estimates in 4Q13, BMO Capital Markets increased its FY2014 basic NOI estimate to $0.88 from $0.85. David J. Chiaverini and Richard Fellinger of BMO anticipate Apollo Investment Corp. (NASDAQ:AINV)’s leverage to edge modestly higher as the company seeks to invest in more secured, floating rate investments in the coming quarters. Apollo Investment’s strong quarterly results The BMO analysts note Apollo Investment Corp. (NASDAQ:AINV) logged calendar 4Q13 basic NOI of $0.22 per share, beating BMO’s estimate of $0.19 and consensus of $0.21. The analysts note the increase was largely due to higher-than-expected dividend income and a…