Surge In Subprime Auto Lending Draws Attention

Subprime automobile financing is moving into higher gear, raising some concerns in Washington where top monetary regulators have sounded alarms about this category of loans.

Over the six months through September, more than $110 billion of car loans have been come from to customers with credit ratingscredit report listed below 660, the bottom cutoff for having a credit ratinga credit rating typically considered “great,” according to a report Thursday from the Federal Reserve …

Cost Target Update On Apollo Financial Investment Corporation (NASDAQ: AINV)

On a various note, The Company has actually disclosed expert purchasingtrading activities to the Securities Exchange, Goldthorpe Edward J., officer (President) of Apollo Financial investment Corp had actually acquired 10,000 shares on August 11, 2015 in a deal. The cost per share was $6.88 and the total amount of the disclosed deal was $68,800. The Insider details was disclosed with the Securities and Exchange Commission in a Type 4 filing. This information is based upon open market deal at the market rates.

Apollo Investment Corporation (NASDAQ: AINV): On Wednesday heightened volatility was experienced in Apollo Financial investment Corporation (NASDAQ: AINV) which led to swings in the share price. The shares opened for trading at $6.01 and struck $6.11 on the upside, eventually ending the session at $6.06, with a gain of 0.83 % or 0.05 points. The increased volatility saw the trading volume jump to 1,510,323 shares. The 52-week high of the share price is $8.35 and the company has a market cap of $1,414 million. The 52-week low of the share cost is at $5.26.

Apollo Investment Corporation (Apollo Investment) is a closed-end, non-diversified management investment company that has actually elected to be treated as a business advancement company (BDC). Its investment objective is to generate both present earnings and capital appreciation. It invests mainly in the kind of subordinated financial obligation, along with by making financial investments in specific senior protected loans and/or equity in personal middle market business. From time to time, it may likewise buy the securities of public business. Its portfolio consists of financial investments in subordinated debt, referred to as mezzanine debt, and senior protected loans of private middle-market business that, in the case of senior protected loans, typically are not syndicated and whose aggregate tranche size is less than $250 million. It likewise includes equity interests, such as common stock, preferred stock, warrants or alternatives. Apollo Investment Management, LP (AIM) is the financial investment advisor for the Company.