A&I Financial Services LLC purchased a new position in shares of CION Investment Co. (NYSE:CION - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 33,860 shares of the company's stock, valued at approximately $386,000. A&I Financial Services LLC owned approximately 0.06% of CION Investment as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Van ECK Associates Corp increased its holdings in CION Investment by 5.7% in the 3rd quarter. Van ECK Associates Corp now owns 1,307,974 shares of the company's stock worth $15,617,000 after acquiring an additional 70,608 shares in the last quarter. Focused Wealth Management Inc purchased a new position in CION Investment in the 3rd quarter valued at $120,000. Catalina Capital Group LLC boosted its stake in CION Investment by 18.8% during the 3rd quarter. Catalina Capital Group LLC now owns 27,237 shares of the company's stock worth $324,000 after purchasing an additional 4,306 shares during the last quarter. Concurrent Investment Advisors LLC grew its holdings in shares of CION Investment by 2.9% during the third quarter. Concurrent Investment Advisors LLC now owns 41,729 shares of the company's stock worth $497,000 after buying an additional 1,190 shares in the last quarter. Finally, Acorn Financial Advisory Services Inc. ADV grew its holdings in shares of CION Investment by 0.9% during the third quarter. Acorn Financial Advisory Services Inc. ADV now owns 253,353 shares of the company's stock worth $3,015,000 after buying an additional 2,267 shares in the last quarter. Institutional investors and hedge funds own 32.01% of the company's stock.
CION Investment Stock Performance
Shares of NYSE:CION traded up $0.01 during midday trading on Monday, hitting $12.55. The company's stock had a trading volume of 362,691 shares, compared to its average volume of 245,977. CION Investment Co. has a 12-month low of $10.52 and a 12-month high of $12.71. The company has a market cap of $668.74 million, a P/E ratio of 8.54 and a beta of 1.13. The business's 50 day simple moving average is $11.65 and its 200 day simple moving average is $11.74.
CION Investment Dividend Announcement
The business also recently declared an annual dividend, which was paid on Monday, January 27th. Investors of record on Monday, December 30th were issued a $0.05 dividend. The ex-dividend date of this dividend was Monday, December 30th. This represents a dividend yield of 0.43%. CION Investment's dividend payout ratio is presently 97.96%.
CION Investment Company 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.
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