Van ECK Associates Corp boosted its stake in shares of CION Investment Co. (NYSE:CION - Free Report) by 1.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,329,799 shares of the company's stock after buying an additional 21,825 shares during the period. Van ECK Associates Corp owned approximately 2.50% of CION Investment worth $15,160,000 as of its most recent filing with the SEC.
Other hedge funds have also recently bought and sold shares of the company. Golden State Wealth Management LLC acquired a new stake in shares of CION Investment in the fourth quarter valued at approximately $96,000. Quantbot Technologies LP bought a new position in shares of CION Investment in the third quarter valued at $104,000. Focused Wealth Management Inc bought a new position in shares of CION Investment in the third quarter valued at $120,000. Legacy Investment Solutions LLC bought a new position in shares of CION Investment in the third quarter valued at $124,000. Finally, Virtu Financial LLC bought a new position in shares of CION Investment in the third quarter valued at $127,000. 32.01% of the stock is currently owned by institutional investors and hedge funds.
CION Investment Stock Up 1.2 %
Shares of NYSE:CION traded up $0.15 during midday trading on Wednesday, hitting $12.47. The stock had a trading volume of 281,718 shares, compared to its average volume of 231,469. CION Investment Co. has a 12 month low of $10.52 and a 12 month high of $12.69. The business's 50-day simple moving average is $11.53 and its 200-day simple moving average is $11.71. The company has a market cap of $664.26 million, a P/E ratio of 8.48 and a beta of 1.13.
CION Investment Dividend Announcement
The business also recently disclosed an annual dividend, which was paid on Monday, January 27th. Shareholders of record on Monday, December 30th were given a dividend of $0.05 per share. The ex-dividend date was Monday, December 30th. This represents a yield of 0.43%. CION Investment's dividend payout ratio (DPR) is 97.96%.
Wall Street Analyst Weigh In
Separately, Wells Fargo & Company decreased their target price on shares of CION Investment from $12.00 to $11.50 and set an "equal weight" rating for the company in a research note on Tuesday, October 29th.
Check Out Our Latest Research Report on CION
About CION Investment
(
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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