On Friday, Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN), added 0.91 % and closed at $11.70 in the last trading session. The last trading range of the stock ranges between $11.49 and $11.75. Huntington Bancshares Incorporated operates as a holding company for The Huntington National Bank that provides commercial, small business, consumer, and mortgage banking services. The companys Retail and Business Banking segment offers financial products and services, counting checking accounts, savings accounts, money market accounts, certificates of deposit, consumer loans, and small business loans; and investments, insurance, interest rate risk protection, and foreign exchange and treasury administration services. Its Commercial Banking segment provides corporate risk administration and institutional sales, trading, and underwriting services; commercial property and casualty, employee benefits, personal lines, life and disability, and specialty lines of insurance; and brokerage and agency services for residential and commercial title insurance, in addition to excess and surplus product lines of insurance. The companys Automobile Finance and Commercial Real Estate segment offers financing for the purchase of vehicles; financing the acquisition of new and used vehicle inventory of franchised automotive dealerships; and financing for land, buildings, and other commercial real estate owned or constructed by real estate developers, automobile dealerships, or other customers. Its Regional Banking and The Huntington Private Client Group segment provides deposits, lending, and other banking services; wealth administration services, and retirement plan and corporate trust services; and brokerage, annuities, advisory, and other investment products. The companys Home Lending segment offers consumer loans and mortgages.
Apollo Investment Corp. (NASDAQ:AINV), dropped -0.67% and closed at $5.96 in the last trading session. The last trading range of the stock ranges between $5.94 and $6.02. The company’s Market capitalization is $1.30 Billion with the total Outstanding Shares of 219.78 million. Apollo Investment Corporation (AINV) or the “Company,” or “Apollo Investment,” recently declared financial results for its second fiscal quarter ended September 30, 2016. The Company’s net investment income was $0.18 per share for the quarter ended September 30, 2016, contrast to $0.16 per share for the quarter ended June 30, 2016. The Company’s net asset value (“NAV”) was $6.95 per share as of September 30, 2016 contrast to $6.90 as of June 30, 2016.
On November 7, 2016, the Board of Directors declared a dividend of $0.15 per share, payable on January 5, 2017 to shareholders of record as of December 21, 2016.
Mr. James Zelter, Apollo Investment’s Chief Executive Officer, commented, “We continue to make steady progress toward the successful execution of the strategy that we outlined last quarter. During the period, we reduced our exposure to certain existing verticals counting oil and gas and structured credit and closed two life sciences co-investment transactions. Given the competitive environment, we were disciplined shareholders and reduced our net leverage ratio during the period which provides us with dry powder to deploy in more proprietary asset classes when attractive opportunities become available.” Mr. Zelter continued, “During the quarter, we continued to actively repurchase our stock below NAV which is a component of our strategy to deliver value to our shareholders.”