Strategic Blueprint LLC Purchases 30,227 Shares of CION Investment Corporation (NYSE:CION)

Strategic Blueprint LLC grew its stake in shares of CION Investment Corporation (NYSE:CION - Free Report) by 141.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 51,604 shares of the company's stock after acquiring an additional 30,227 shares during the quarter. Strategic Blueprint LLC owned about 0.10% of CION Investment worth $534,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Ameriflex Group Inc. bought a new stake in CION Investment in the 4th quarter worth about $55,000. Aquatic Capital Management LLC purchased a new position in CION Investment in the fourth quarter worth about $103,000. Golden State Wealth Management LLC boosted its position in CION Investment by 18.9% in the first quarter. Golden State Wealth Management LLC now owns 10,031 shares of the company's stock worth $104,000 after purchasing an additional 1,597 shares during the last quarter. Coppell Advisory Solutions LLC boosted its position in CION Investment by 11.1% in the fourth quarter. Coppell Advisory Solutions LLC now owns 10,966 shares of the company's stock worth $123,000 after purchasing an additional 1,093 shares during the last quarter. Finally, GWN Securities Inc. purchased a new position in CION Investment in the fourth quarter worth about $124,000. 32.01% of the stock is currently owned by institutional investors.

CION Investment Trading Up 1.3%

CION traded up $0.13 on Thursday, hitting $9.78. 355,491 shares of the company's stock traded hands, compared to its average volume of 275,241. The company's 50 day simple moving average is $9.50 and its 200-day simple moving average is $10.52. The firm has a market cap of $515.04 million, a price-to-earnings ratio of -33.71 and a beta of 1.11. CION Investment Corporation has a one year low of $8.51 and a one year high of $12.71.

CION Investment (NYSE:CION - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.01). The business had revenue of $56.07 million for the quarter, compared to the consensus estimate of $54.15 million. CION Investment had a negative net margin of 6.49% and a positive return on equity of 10.07%. As a group, equities analysts anticipate that CION Investment Corporation will post 1.78 EPS for the current fiscal year.

CION Investment Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 14.73%. The ex-dividend date was Monday, June 2nd. CION Investment's payout ratio is -496.55%.

Analysts Set New Price Targets

Separately, Wells Fargo & Company lowered their price objective on CION Investment from $10.00 to $9.00 and set an "underweight" rating on the stock in a research report on Monday, April 28th.

About CION Investment

CION Investment Corporation is a business development company. It specializes in investments in senior secured loans, including unitranche loans, First Lien, second lien loans, long-term subordinated loans, and mezzanine loans; equity interests such as warrants or options; and corporate bonds; and other debt securities in middle-market companies.