Apollo Investment Corporation’s AINV shares lost 1.3% following the release of first-quarter fiscal 2020 (ended Jun 30) results last week. Net investment income of 43 cents per share lagged the Zacks Consensus Estimate by a penny. Also, the bottom line declined 14% year over year.The results were hurt by lower total investment income. However, decline in expenses and decent portfolio activity during the quarter were tailwinds.Net investment income was $28.2 million, down 18.3% from the prior-year quarter.Total Investment Income & Expenses DeclineTotal investment income was $56.7 million, down 14.8% year over year. The fall was mainly due to lower Payment-in-kind interest income.Total expenses, net of management and performance-based incentive fee waive, and expense reimbursements declined 11.1% year over year to $28.4 million.Decent Balance Sheet PositionAs of Jun 30, 2020, the company’s cash and cash equivalents (including foreign currencies) totaled $44.4 million, up from $43.7 million on Mar 31, 2020.Further, as of Jun 30, 2020, Apollo Investment had $1.76 billion of debt obligations. This included $350 million of Senior Unsecured Notes and $1.410 billion outstanding under the credit facility.Apollo Investment’s total assets amounted to $2.81 billion, down from $2.87 billion as of Mar 31, 2020.Net asset value was $15.29 per share, down from $15.70 as of Mar 31, 2020.Modest Portfolio ActivityThe fair value of Apollo Investment’s total investment portfolio was $2.67 billion as of Jun 30, 2020.In the reported quarter, the company originated $137.9 million of investments and had $163.8 million of repayments.Our ViewpointContinued decent origination volumes are expected to support Apollo Investment’s financials. Also, lower expenses will likely aid the bottom line to some extent.Apollo Investment Corporation Price, Consensus and EPS Surprise Apollo Investment Corporation price-consensus-eps-surprise-chart | Apollo Investment Corporation QuoteCurrently, it carries a Zacks Rank #4 (Sell).You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Performance of Other Finance StocksHercules Capital Inc.’s HTGC second-quarter 2020 net investment income of 32 cents per share lagged the Zacks Consensus Estimate by a penny. The bottom line also declined 11.1% from the year-ago reported figure.Ares Capital Corporation’s ARCC second-quarter 2020 core earnings of 39 cents per share beat the Zacks Consensus Estimate by a penny. However, the bottom line declined 20.4% year over year.TriplePoint Venture Growth BDC Corp.’s TPVG second-quarter 2020 net investment income of 38 cents per share surpassed the Zacks Consensus Estimate of 36 cents. However, the bottom line declined 7% from the year-ago quarter.The Hottest Tech Mega-Trend of AllLast year, it generated $24 billion in global revenues. By 2020, it's predicted to blast through the roof to $77.6 billion. Famed investor Mark Cuban says it will produce ""the world's first trillionaires,"" but that should still leave plenty of money for regular investors who make the right trades early.See Zacks' 3 Best Stocks to Play This Trend >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Ares Capital Corporation (ARCC): Free Stock Analysis Report Hercules Capital, Inc. (HTGC): Free Stock Analysis Report Apollo Investment Corporation (AINV): Free Stock Analysis Report TriplePoint Venture Growth BDC Corp. (TPVG): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research