CION Investment Co. (NYSE:CION) Shares Sold by Sigma Planning Corp

Sigma Planning Corp lessened its holdings in shares of CION Investment Co. (NYSE:CION - Free Report) by 40.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 182,234 shares of the company's stock after selling 121,653 shares during the period. Sigma Planning Corp owned approximately 0.34% of CION Investment worth $2,061,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of CION. CWM LLC boosted its position in shares of CION Investment by 56.7% during the fourth quarter. CWM LLC now owns 13,765 shares of the company's stock worth $156,000 after buying an additional 4,981 shares during the period. Cerity Partners LLC bought a new stake in CION Investment during the fourth quarter worth about $277,000. International Assets Investment Management LLC grew its stake in CION Investment by 2.2% in the fourth quarter. International Assets Investment Management LLC now owns 77,766 shares of the company's stock valued at $880,000 after purchasing an additional 1,702 shares in the last quarter. Strategic Blueprint LLC raised its stake in shares of CION Investment by 6.3% during the 4th quarter. Strategic Blueprint LLC now owns 25,527 shares of the company's stock worth $289,000 after purchasing an additional 1,520 shares in the last quarter. Finally, Arkadios Wealth Advisors lifted its stake in CION Investment by 3.1% in the fourth quarter. Arkadios Wealth Advisors now owns 313,877 shares of the company's stock valued at $3,550,000 after acquiring an additional 9,569 shares during the last quarter. Hedge funds and other institutional investors own 32.01% of the company's stock.

Insiders Place Their Bets

In other news, insider Gregg A. Bresner acquired 4,000 shares of CION Investment stock in a transaction on Wednesday, March 20th. The stock was acquired at an average cost of $10.78 per share, with a total value of $43,120.00. Following the completion of the acquisition, the insider now owns 50,099 shares in the company, valued at $540,067.22. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In the last ninety days, insiders bought 6,519 shares of company stock valued at $70,760. Corporate insiders own 0.44% of the company's stock.

CION Investment Trading Up 0.6 %

NYSE:CION traded up $0.07 on Monday, hitting $11.29. The company's stock had a trading volume of 290,949 shares, compared to its average volume of 298,899. CION Investment Co. has a one year low of $8.99 and a one year high of $12.00. The firm has a market capitalization of $607.90 million, a P/E ratio of 6.41 and a beta of 1.24. The stock has a fifty day moving average of $10.96 and a two-hundred day moving average of $10.88.

CION Investment (NYSE:CION - Get Free Report) last issued its quarterly earnings data on Thursday, March 14th. The company reported $0.40 earnings per share for the quarter. The company had revenue of $60.00 million for the quarter. CION Investment had a net margin of 37.97% and a return on equity of 12.33%.

CION Investment Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 22nd were issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 12.05%. The ex-dividend date was Thursday, March 21st. CION Investment's dividend payout ratio (DPR) is presently 77.27%.

CION Investment Company Profile

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.