CION Investment Co. (NYSE:CION) Shares Acquired by International Assets Investment Management LLC

International Assets Investment Management LLC grew its holdings in shares of CION Investment Co. (NYSE:CION - Free Report) by 1,090.0% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 871,080 shares of the company's stock after buying an additional 797,880 shares during the quarter. International Assets Investment Management LLC owned 1.63% of CION Investment worth $103,660,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of CION. Van ECK Associates Corp lifted its holdings in CION Investment by 7.6% during the 1st quarter. Van ECK Associates Corp now owns 1,069,799 shares of the company's stock valued at $11,768,000 after buying an additional 75,859 shares in the last quarter. Acadian Asset Management LLC boosted its holdings in shares of CION Investment by 32.5% in 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. Cetera Investment Advisers grew its stake in CION Investment by 2,340.1% in the first quarter. Cetera Investment Advisers now owns 524,131 shares of the company's stock worth $5,765,000 after purchasing an additional 502,651 shares in the last quarter. Diversify Wealth Management LLC purchased a new position in CION Investment during the 2nd quarter worth $2,250,000. Finally, Lazard Asset Management LLC bought a new stake in CION Investment during the 1st quarter valued at $37,000. 32.01% of the stock is currently owned by hedge funds and other institutional investors.

CION Investment Price Performance

Shares of NYSE:CION traded down $0.12 during trading hours on Friday, hitting $11.90. The company's stock had a trading volume of 166,113 shares, compared to its average volume of 228,432. The firm's fifty day moving average price is $11.94 and its 200 day moving average price is $11.99. CION Investment Co. has a 52 week low of $9.65 and a 52 week high of $12.69. The company has a market capitalization of $637.71 million, a price-to-earnings ratio of 4.88 and a beta of 1.18.

CION Investment (NYSE:CION - Get Free Report) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.43 EPS for the quarter. CION Investment had a net margin of 48.50% and a return on equity of 12.39%. The company had revenue of $61.36 million during the quarter. On average, equities research analysts predict that CION Investment Co. will post 1.77 earnings per share for the current fiscal year.

CION Investment Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd were issued a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 12.10%. The ex-dividend date of this dividend was Tuesday, September 3rd. CION Investment's dividend payout ratio is currently 59.02%.

Wall Street Analyst Weigh In

Separately, Oppenheimer began coverage on CION Investment in a research report on Tuesday, October 8th. They set a "market perform" rating and a $13.00 price target on the stock.

CION Investment 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.