29,698 Shares in CION Investment Co. (NYSE:CION) Purchased by TT Capital Management LLC

TT Capital Management LLC acquired a new position in CION Investment Co. (NYSE:CION - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 29,698 shares of the company's stock, valued at approximately $339,000. TT Capital Management LLC owned about 0.06% of CION Investment at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Raymond James Financial Inc. acquired a new position in shares of CION Investment during the fourth quarter valued at about $1,711,000. Hennion & Walsh Asset Management Inc. lifted its position in shares of CION Investment by 14.1% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 504,411 shares of the company's stock worth $5,750,000 after acquiring an additional 62,365 shares during the period. A&I Financial Services LLC bought a new stake in shares of CION Investment during the fourth quarter valued at approximately $386,000. Jane Street Group LLC bought a new position in CION Investment in the third quarter worth $161,000. Finally, Whipplewood Advisors LLC acquired a new position in shares of CION Investment in the 4th quarter valued at $466,000. 32.01% of the stock is currently owned by institutional investors and hedge funds.

CION Investment Stock Up 2.9 %

NYSE:CION traded up $0.27 on Friday, reaching $9.45. The stock had a trading volume of 233,080 shares, compared to its average volume of 252,736. The company has a market capitalization of $500.84 million, a P/E ratio of 6.43 and a beta of 1.17. CION Investment Co. has a 1-year low of $8.51 and a 1-year high of $12.71. The stock has a fifty day moving average price of $11.03 and a 200-day moving average price of $11.40.

CION Investment (NYSE:CION - Get Free Report) last released its quarterly earnings results on Thursday, March 13th. The company reported $0.35 earnings per share for the quarter, missing analysts' consensus estimates of $0.36 by ($0.01). The business had revenue of $87.91 million for the quarter, compared to analyst estimates of $54.11 million. CION Investment had a net margin of 31.21% and a return on equity of 11.49%. Sell-side analysts predict that CION Investment Co. will post 1.78 earnings per share for the current fiscal year.

CION Investment Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Friday, March 28th were given a dividend of $0.36 per share. The ex-dividend date of this dividend was Friday, March 28th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 15.25%. CION Investment's payout ratio is 228.57%.

Wall Street Analyst Weigh In

Separately, Wells Fargo & Company reiterated an "underweight" rating and issued a $10.00 price objective (down from $11.00) on shares of CION Investment in a research note on Monday, March 17th.

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.