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tria Wealth Solutions Inc. reduced its stake in Apollo Commercial Real Estate Finance (ARI) by 63% during the first quarter, according to its latest SEC filing. The institutional investor owned 27,413 shares of ARI's stock after selling 46,579 shares during the quarter. Atria Wealth Solutions' holdings in ARI were worth $262,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their stakes in ARI. Versant Capital Management Inc increased its position by 58% during the first quarter and now owns 3,425 shares worth $33,000. CWM LLC lifted its stake by 39% during the same period and now holds 3,858 shares worth $37,000. Sterling Capital Management LLC boosted its position by 784% in the fourth quarter and now owns 4,366 shares worth $38,000.
GAMMA Investing LLC increased its stake by 1,088% during the first quarter and now owns 9,790 shares worth $1,023,000. Insider activity also includes CEO Stuart Rothstein selling 52,074 shares on June 16th for a total value of $511,887.42.
Analysts have commented on ARI stock, with JPMorgan Chase & Co boosting its price target to $9.00 and BTIG Research raising its rating to "buy" with a $11.00 price target. UBS Group also boosted its price target to $10.50. The consensus rating is "Hold" with an average target price of $10.31.
ARI stock opened at $10.05 on Friday, with a market cap of $1.40 billion and a debt-to-equity ratio of 0.66. The company announced a quarterly dividend of $0.25 per share on July 15th, representing a 10% dividend yield.
