CION Investment Co. (NYSE:CION - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $12.71 and last traded at $12.63, with a volume of 13235 shares traded. The stock had previously closed at $12.54.
CION Investment Stock Performance
The company's 50-day moving average price is $11.70 and its 200 day moving average price is $11.75. The stock has a market cap of $646.63 million, a PE ratio of 8.26 and a beta of 1.13.
CION Investment Announces Dividend
The firm also recently declared an annual dividend, which was paid on Monday, January 27th. Shareholders of record on Monday, December 30th were issued 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 is presently 97.96%.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in CION. Hennion & Walsh Asset Management Inc. raised its position in CION Investment by 14.1% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 504,411 shares of the company's stock valued at $5,750,000 after purchasing an additional 62,365 shares during the period. Van ECK Associates Corp boosted its holdings in shares of CION Investment by 5.7% in the third quarter. Van ECK Associates Corp now owns 1,307,974 shares of the company's stock valued at $15,617,000 after purchasing an additional 70,608 shares during the period. Jane Street Group LLC purchased a new stake in shares of CION Investment in the third quarter valued at approximately $161,000. Arete Wealth Advisors LLC grew its stake in CION Investment by 67.6% in the third quarter. Arete Wealth Advisors LLC now owns 28,275 shares of the company's stock worth $337,000 after purchasing an additional 11,408 shares in the last quarter. Finally, Whipplewood Advisors LLC purchased a new position in CION Investment during the 4th quarter worth $466,000. Hedge funds and other institutional investors own 32.01% of the company's stock.
CION Investment Company Profile
(
Get 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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