Apollo Global Management Llc. (NYSE:APO) is Attracting Smart Money

In a just published Form 13, filed with the US Securities and Exchange Commission (SEC),...
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In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Apollo Global Management Llc. (NYSE:APO) reported that Tiger Global Management LLC. has picked up 10,752,901 of common stock as of 2017-04-04.

The acquisition brings the aggregate amount owned by Tiger Global Management LLC. to a total of 10,752,901 representing a 5.7% stake in the company.

For those not familiar with the company, Apollo Global Management, LLC (Apollo) is an alternative investment manager in private equity, credit and real estate. The Company raises, invests and manages funds on behalf of pension, endowment and sovereign wealth funds, as well as other institutional and individual investors. The Company’s segments include private equity, credit and real estate. The private equity segment invests in control equity and related debt instruments, convertible securities and distressed debt investments. The credit segment invests in non-control corporate and structured debt instruments, including performing, stressed and distressed investments across the capital structure. The real estate segment invests in real estate equity for the acquisition and recapitalization of real estate assets, portfolios, platforms and operating companies, and real estate debt, including first mortgage and mezzanine loans, preferred equity and commercial mortgage backed securities.

A glance at Apollo Global Management Llc. (NYSE:APO)’s key stats reveals a current market capitalization of 4.66 Billion based on 187.14 Million shares outstanding and a price at last close of $24.59 per share.

Looking at insider activity, there are a few transactions worth noting.

Specifically, on 2017-04-03, Tiger picked up 26,900 at a purchase price of $24.97. This brings their total holding to 23,361,799 as of the date of the filing.

On the sell side, the most recent transaction saw Suydam unload 134,748 shares at a sale price of $22.90. This brings their total holding to 64,260.

It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Apollo Global Management Llc. (NYSE:APO) as things move forward to see if its progress aligns with these transactions.

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