NEW YORK (TheStreet) -- Shares of Apollo Investment Corp. (AINV) - Get Report are slumping 6.34% to $5.32 on heavy trading volume Thursday afternoon after the company posted weaker-than-expected results for the 2016 fiscal fourth quarter.

Before today's opening bell, the New York-based investment company reported earnings of 20 cents per share, missing analysts' estimates by a penny.

Revenue for the period was $85.3 million, lower than Wall Street's expectations of $90 million.

"NAV per share declined during the quarter primarily due to some of our oil investments, as well as credit weakness in a few legacy investments," CEO James Zelter said in a statement.

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The company invested $178.5 million during the quarter compared to $371.7 million last year.

So far today, about 1.96 million of the company's shares were traded vs. its average volume of 765,994 shares per day.

Separately, TheStreet Ratings Team has a "Hold" rating with a score of C- stock.

The primary factors that have impacted the rating are mixed. The company's strengths can be seen in multiple areas, such as its good cash flow from operations and expanding profit margins.

However, the team also finds weaknesses including disappointing return on equity, deteriorating net income and a generally disappointing performance in the stock itself.

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

You can view the full analysis from the report here: AINV

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