Pinkerton Retirement Specialists LLC Has $8.42 Million Stock Holdings in CION Investment Co. (NYSE:CION)

Pinkerton Retirement Specialists LLC lowered its holdings in CION Investment Co. (NYSE:CION - Free Report) by 7.8% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 695,021 shares of the company's stock after selling 58,427 shares during the quarter. CION Investment accounts for about 1.3% of Pinkerton Retirement Specialists LLC's investment portfolio, making the stock its 17th largest position. Pinkerton Retirement Specialists LLC owned about 1.30% of CION Investment worth $8,424,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CION. Van ECK Associates Corp lifted its stake in shares of CION Investment by 15.7% in the second quarter. Van ECK Associates Corp now owns 1,237,366 shares of the company's stock valued at $14,996,000 after buying an additional 167,567 shares during the period. Bulldog Investors LLP grew its holdings in shares of CION Investment by 3.1% during the 4th quarter. Bulldog Investors LLP now owns 1,032,248 shares of the company's stock worth $11,675,000 after purchasing an additional 31,009 shares in the last quarter. Acadian Asset Management LLC increased its position in shares of CION Investment by 32.5% during the second quarter. Acadian Asset Management LLC now owns 695,609 shares of the company's stock valued at $8,427,000 after purchasing an additional 170,635 shares during the period. Alpine Global Management LLC raised its stake in shares of CION Investment by 143.6% in the first quarter. Alpine Global Management LLC now owns 633,297 shares of the company's stock valued at $6,966,000 after purchasing an additional 373,297 shares in the last quarter. Finally, Private Advisor Group LLC lifted its position in CION Investment by 674.1% in the second quarter. Private Advisor Group LLC now owns 617,444 shares of the company's stock worth $7,483,000 after purchasing an additional 537,681 shares during the period. Institutional investors and hedge funds own 32.01% of the company's stock.

CION Investment Stock Up 1.0 %

CION traded up $0.12 during trading on Friday, reaching $11.74. 106,661 shares of the company's stock were exchanged, compared to its average volume of 238,582. The company has a market capitalization of $627.50 million, a P/E ratio of 4.77 and a beta of 1.19. The business has a 50 day moving average price of $12.10 and a 200 day moving average price of $11.77. CION Investment Co. has a fifty-two week low of $9.65 and a fifty-two week high of $12.69.

CION Investment (NYSE:CION - Get Free Report) last issued its earnings results on Thursday, August 8th. The company reported $0.43 earnings per share for the quarter. CION Investment had a net margin of 48.50% and a return on equity of 12.39%. The business had revenue of $61.36 million for the quarter.

CION Investment Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd will be paid a $0.36 dividend. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $1.44 annualized dividend and a dividend yield of 12.27%. CION Investment's dividend payout ratio is currently 59.02%.

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.