Apollo Investment Corporation’s AINV second-quarter fiscal 2022 (ended Sep 30) net investment income of 33 cents per share missed the Zacks Consensus Estimate of 36 cents. The bottom line also declined 23.3% year over year.The results were hurt by lower total investment income and a rise in expenses. On the other hand, robust gross fundings and decent portfolio activities acted as tailwinds. This perhaps boosted investor sentiments as the company’s shares gained 1.3% since the earnings release late last week.Net investment income was $21.2 million, down 24% from the prior-year quarter.Total Investment Income Down, Expenses UpTotal investment income was $52.9 million, down 3.7% year over year. The fall was mainly due to lower interest income.Total expenses, net of performance-based incentive fee offset and expense reimbursements, rose 17.3% to $31.7 million.Solid Balance Sheet PositionAs of Sep 30, 2021, the company’s cash and cash equivalents (including foreign currencies) totaled $27.5 million, down from $54.6 million on Mar 31, 2021.As of Sep 30, 2021, Apollo Investment had $1.6 billion of debt obligations. This included $350 million of Senior Unsecured Notes, $125 million of Unsecured Notes, and $1.13 billion outstanding under the credit facility.Apollo Investment’s total assets amounted to $2.69 billion, up from $2.54 billion as of Mar 31, 2021.Net asset value was $16.07 per share, up from $15.88 as of March 2021-end.Decent Portfolio ActivityThe fair value of Apollo Investment’s total investment portfolio was $2.61 billion as of Sep 30, 2021.In the quarter, gross fundings were $290.1 million while gross exits totaled $176 million. New investment commitments of $222 million were made during the quarter.Share Repurchase UpdateDuring the quarter, Apollo Investment repurchased 0.45 million shares for $5.9 million.Further, subsequent to quarter-end through Nov 3, the company repurchased 0.31 million shares for $4.1 million.Our ViewContinued decent origination volumes are expected to support Apollo Investment’s financials. Elevated expenses are likely to hurt 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, Apollo Investment carries a Zacks Rank #3 (Hold). 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 third-quarter 2021 net investment income of 33 cents per share beat the Zacks Consensus Estimate by a penny. The bottom line was 2.9% down from the year-ago quarter figure.Ares Capital Corporation’s ARCC third-quarter 2021 core earnings of 47 cents per share beat the Zacks Consensus Estimate of 45 cents. The bottom line reflected a rise of 20.5% from the prior-year quarter.TriplePoint Venture Growth BDC Corp.’s TPVG third-quarter 2021 net investment income was 32 cents per share, missing the Zacks Consensus Estimate of 35 cents. The bottom line also declined 20% from the year-ago quarter. Bitcoin, Like the Internet Itself, Could Change Everything Blockchain and cryptocurrency has sparked one of the most exciting discussion topics of a generation. Some call it the “Internet of Money” and predict it could change the way money works forever. If true, it could do to banks what Netflix did to Blockbuster and Amazon did to Sears. Experts agree we’re still in the early stages of this technology, and as it grows, it will create several investing opportunities. Zacks’ has just revealed 3 companies that can help investors capitalize on the explosive profit potential of Bitcoin and the other cryptocurrencies with significantly less volatility than buying them directly. See 3 crypto-related stocks now >>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