Whipplewood Advisors LLC bought a new position in CION Investment Co. (NYSE:CION - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 40,899 shares of the company's stock, valued at approximately $466,000. Whipplewood Advisors LLC owned about 0.08% of CION Investment as of its most recent SEC filing.
Other hedge funds have also recently modified their holdings of the company. Golden State Wealth Management LLC purchased a new stake in shares of CION Investment in the fourth quarter worth about $96,000. Quantbot Technologies LP purchased a new position in CION Investment during the third quarter worth approximately $104,000. Focused Wealth Management Inc purchased a new position in CION Investment during the third quarter worth approximately $120,000. Legacy Investment Solutions LLC purchased a new position in CION Investment during the third quarter worth approximately $124,000. Finally, Virtu Financial LLC purchased a new position in CION Investment during the third quarter worth approximately $127,000. Hedge funds and other institutional investors own 32.01% of the company's stock.
CION Investment Price Performance
CION stock traded up $0.32 during mid-day trading on Friday, reaching $12.57. 471,494 shares of the company's stock were exchanged, compared to its average volume of 242,987. The company has a market cap of $669.54 million, a price-to-earnings ratio of 8.55 and a beta of 1.13. The stock's 50 day moving average is $11.65 and its 200 day moving average is $11.75. CION Investment Co. has a 12-month low of $10.52 and a 12-month high of $12.69.
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 given a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, December 30th. This represents a yield of 0.43%. CION Investment's dividend payout ratio is currently 97.96%.
CION Investment Profile
(
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.
See Also
Before you consider CION Investment, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and CION Investment wasn't on the list.
While CION Investment currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat's analysts have just released their top five short plays for March 2025. Learn which stocks have the most short interest and how to trade them. Enter your email address to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
