Van ECK Associates Corp lifted its stake in shares of CION Investment Co. (NYSE:CION - Free Report) by 10.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 993,940 shares of the company's stock after acquiring an additional 92,882 shares during the period. Van ECK Associates Corp owned approximately 1.83% of CION Investment worth $11,241,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. International Assets Investment Management LLC grew its stake in shares of CION Investment by 1,056.3% during the fourth quarter. International Assets Investment Management LLC now owns 879,533 shares of the company's stock valued at $99,480,000 after buying an additional 803,469 shares during the last quarter. WealthPlan Investment Management LLC grew its holdings in shares of CION Investment by 883,149.1% in the third quarter. WealthPlan Investment Management LLC now owns 468,122 shares of the company's stock worth $4,948,000 after purchasing an additional 468,069 shares during the last quarter. Financial Gravity Asset Management Inc. increased its stake in shares of CION Investment by 1,800.0% in the third quarter. Financial Gravity Asset Management Inc. now owns 472,055 shares of the company's stock worth $4,990,000 after buying an additional 447,210 shares during the period. Alpine Global Management LLC raised its holdings in CION Investment by 181.4% during the 3rd quarter. Alpine Global Management LLC now owns 180,849 shares of the company's stock valued at $1,912,000 after buying an additional 116,579 shares during the last quarter. Finally, Callodine Capital Management LP grew its holdings in CION Investment by 40.7% in the 3rd quarter. Callodine Capital Management LP now owns 250,000 shares of the company's stock worth $2,642,000 after acquiring an additional 72,354 shares during the last quarter. 32.01% of the stock is currently owned by hedge funds and other institutional investors.
CION Investment Stock Up 0.8 %
Shares of NYSE:CION traded up $0.09 during midday trading on Friday, hitting $11.58. 178,204 shares of the stock traded hands, compared to its average volume of 288,965. The business's 50 day moving average is $11.02 and its two-hundred day moving average is $10.94. The stock has a market capitalization of $623.47 million, a PE ratio of 6.58 and a beta of 1.19. CION Investment Co. has a one year low of $8.99 and a one year high of $12.00.
CION Investment (NYSE:CION - Get Free Report) last released its quarterly earnings results on Thursday, March 14th. The company reported $0.40 EPS for the quarter. CION Investment had a return on equity of 12.33% and a net margin of 37.97%. The business had revenue of $60.00 million during the quarter.
CION Investment Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 22nd were issued a $0.34 dividend. The ex-dividend date was Thursday, March 21st. This represents a $1.36 annualized dividend and a yield of 11.74%. CION Investment's dividend payout ratio (DPR) is presently 77.27%.
Insider Transactions at CION Investment
In other news, insider Gregg A. Bresner bought 4,000 shares of the firm's stock in a transaction dated Wednesday, March 20th. The stock was purchased at an average price of $10.78 per share, with a total value of $43,120.00. Following the transaction, the insider now owns 50,099 shares of the company's stock, valued at $540,067.22. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In the last ninety days, insiders purchased 6,519 shares of company stock valued at $70,760. Company insiders own 0.44% of the company's stock.
CION Investment Profile
(
Free Report)
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.
Recommended Stories
Before you consider CION Investment, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and CION Investment wasn't on the list.
While CION Investment currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
