AFT Stock Summary and Trading Ideas (Apollo Senior Floating Rate | NYSE:AFT)

AFT’s investment objective is to seek current income and preservation of capital. AFT will seek to achieve its investment objective by investing primarily in senior, secured loans made to companies whose debt is rated below investment grade (“Senior Loans”) and investments with similar characteristics. Senior Loans typically hold a first lien priority and pay interest at rates that are determined periodically on the basis of a floating base lending rate plus a spread. These base lending rates are primarily the London Interbank Offered Rate (“LIBOR”), and secondarily the prime rate offered by one or more major United States banks and the certificate of deposit rate used by commercial lenders. Senior Loans are typically made to U.S. and, to a limited extent, non-U.S. corporations, partnerships and other business entities (“Borrower(s)”) that operate in various industries and geographical regions. AFT seeks to generate current income and preservation of capital through a disciplined approach to credit selection and under normal market conditions will invest at least 80% of its managed assets in floating rate Senior Loans and investments with similar economic characteristics. This policy and AFT’s investment objective are not fundamental and may be changed by the board of directors of AFT with at least 60 days’ prior written notice provided to shareholders. Part of AFT’s investment objective is to seek preservation of capital. AFT’s ability to achieve capital preservation may be limited by its investment in credit instruments that have speculative characteristics. There can be no assurance that AFT will achieve its investment objective.

Apollo Senior Floating Rate trades on the NYSE stock market under the symbol AFT.

As of April 17, 2024, AFT stock price climbed to $14.16 with 88,102 million shares trading.

AFT has a beta of 0.30, meaning it tends to be less sensitive to market movements. AFT has a correlation of 0.14 to the broad based SPY ETF.

AFT has a market cap of $220.52 million. This is considered a Small Cap stock.

In the last 3 years, AFT stock traded as high as $17.20 and as low as $12.15.

AFT has outperformed the market in the last year with a price return of +24.1% while the SPY ETF gained +23.0%. AFT has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +7.2% and -0.8%, respectively, while the SPY returned +5.7% and -3.5%, respectively.

AFT support price is $13.99 and resistance is $14.21 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AFT stock will trade within this expected range on the day.