Does Apollo Senior Floating Rate Fund Inc. (AFT) Have Any Gas After Forming This Wedge Up Pattern?

Investors sentiment decreased to 1 in 2018 Q4. Its down 0.47, from 1.47 in 2018Q3. It dropped, as 6 investors sold Apollo Senior Floating Rate Fund Inc. shares while 16 reduced holdings. 13 funds opened positions while 9 raised stakes. 3.46 million shares or 19.11% more from 2.90 million shares in 2018Q3 were reported.
Moreover, Benjamin F Edwards & Inc has 0% invested in Apollo Senior Floating Rate Fund Inc. (NYSE:AFT). Envestnet Asset Mngmt Inc invested in 0% or 20,097 shares. Missouri-based Stifel Fincl Corporation has invested 0% in Apollo Senior Floating Rate Fund Inc. (NYSE:AFT). Morgan Stanley has invested 0% of its portfolio in Apollo Senior Floating Rate Fund Inc. (NYSE:AFT). Northwestern Mutual Wealth Mngmt owns 4,800 shares or 0% of their US portfolio. City Of London Investment Mgmt Ltd holds 0.04% or 31,512 shares. Cwm Ltd Liability Company accumulated 23,723 shares or 0.01% of the stock. Moreover, Sit Associates has 0.02% invested in Apollo Senior Floating Rate Fund Inc. (NYSE:AFT) for 34,431 shares. B Riley Wealth Mgmt has invested 0.15% in Apollo Senior Floating Rate Fund Inc. (NYSE:AFT). Rmb Management Lc reported 81,823 shares stake. 14,507 are owned by Zazove Assoc Lc. 18,753 were accumulated by Shaker Fin Lc. Tower Capital Limited (Trc) accumulated 251 shares or 0% of the stock. Royal Retail Bank Of Canada stated it has 36,789 shares. Advisory Serv Ntwk invested in 13,385 shares.

Since December 27, 2018, it had 1 buying transaction, and 0 insider sales for $20,460 activity.

The stock of Apollo Senior Floating Rate Fund Inc. (AFT) formed an up wedge with $15.66 target or 3.00 % above today’s $15.20 share price. The 8 months wedge indicates low risk for the $236.71M company. If the $15.66 price target is reached, the company will be worth $7.10 million more.
Rising wedges, especially for downward breakouts are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 8% and 24%. The average rise is 28% and the decline is 14%. Wedges has high throwback and pullback rate: 73%, 63% and the percent of wedges meeting target is not more than 50%.

The stock decreased 0.39% or $0.06 during the last trading session, reaching $15.2. About 56,943 shares traded. Apollo Senior Floating Rate Fund Inc. (NYSE:AFT) has declined 7.40% since May 8, 2018 and is downtrending. It has underperformed by 11.77% the S&P500.

More notable recent Apollo Senior Floating Rate Fund Inc. (NYSE:AFT) news were published by: Globenewswire.com which released: “Apollo Senior Floating Rate Fund Inc. Declares April 2019 Monthly Distribution of $0.100 Per Share – GlobeNewswire” on April 05, 2019, also Seekingalpha.com with their article: “Investors rush out of senior loan funds – Seeking Alpha” published on November 26, 2018, Prnewswire.com published: “Carnival Mardi Gras To Debut Premium ‘Carnival Excel’ Suites With Select Amenities & New Resort-Style Loft 19 Enclave Access – PRNewswire” on April 09, 2019. More interesting news about Apollo Senior Floating Rate Fund Inc. (NYSE:AFT) were released by: Seekingalpha.com and their article: “Leverage loans market shows signs of cooling – Seeking Alpha” published on November 30, 2018 as well as Seekingalpha.com‘s news article titled: “Floating Rate Funds Pt. 1: The Apollo Senior Floating Rate Fund – Seeking Alpha” with publication date: April 24, 2018.

Apollo Senior Floating Rate Fund Inc. is a closed ended fixed income mutual fund launched and managed by Apollo Credit Management, LLC. The company has market cap of $236.71 million. The Fund invests in fixed income markets. It currently has negative earnings. It primarily invests in senior secured loans made to companies whose debt is rated below investment grade.

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