CION Investment Co. (NYSE:CION) Shares Acquired by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. boosted its holdings in CION Investment Co. (NYSE:CION) by 42.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 295,387 shares of the company’s stock after buying an additional 87,382 shares during the quarter. Hennion & Walsh Asset Management Inc. owned 0.55% of CION Investment worth $3,249,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. International Assets Investment Management LLC boosted its holdings in shares of CION Investment by 1,056.3% in the fourth quarter. International Assets Investment Management LLC now owns 879,533 shares of the company’s stock worth $99,480,000 after buying an additional 803,469 shares during the period. WealthPlan Investment Management LLC lifted its position in shares of CION Investment by 883,149.1% in the 3rd quarter. WealthPlan Investment Management LLC now owns 468,122 shares of the company’s stock valued at $4,948,000 after acquiring an additional 468,069 shares in the last quarter. Financial Gravity Asset Management Inc. lifted its position in shares of CION Investment by 1,800.0% in the 3rd quarter. Financial Gravity Asset Management Inc. now owns 472,055 shares of the company’s stock valued at $4,990,000 after acquiring an additional 447,210 shares in the last quarter. HighPoint Advisor Group LLC acquired a new position in CION Investment in the 4th quarter worth approximately $1,680,000. Finally, Alpine Global Management LLC grew its position in CION Investment by 181.4% during the 3rd quarter. Alpine Global Management LLC now owns 180,849 shares of the company’s stock worth $1,912,000 after purchasing an additional 116,579 shares in the last quarter. Institutional investors own 32.01% of the company’s stock.

CION Investment Trading Up 0.1 %

Shares of NYSE CION opened at $12.12 on Friday. CION Investment Co. has a one year low of $9.65 and a one year high of $12.69. The business has a 50-day moving average price of $12.07 and a two-hundred day moving average price of $11.43. The firm has a market capitalization of $649.51 million, a PE ratio of 4.97 and a beta of 1.21.

CION Investment (NYSE:CION) last posted its quarterly earnings results on Thursday, May 9th. The company reported $0.60 EPS for the quarter. The business had revenue of $73.55 million during the quarter. CION Investment had a net margin of 51.16% and a return on equity of 12.53%.

CION Investment Dividend Announcement

The business also recently declared a Variable dividend, which will be paid on Friday, July 12th. Stockholders of record on Friday, June 28th will be paid a $0.05 dividend. This represents a dividend yield of 12%. The ex-dividend date is Friday, June 28th. CION Investment’s dividend payout ratio (DPR) is presently 59.02%.

Analyst Ratings Changes

Separately, Wells Fargo & Company increased their target price on CION Investment from $11.50 to $12.00 and gave the company an “equal weight” rating in a report on Wednesday, May 15th.

Insider Buying and Selling

In other news, insider Gregg A. Bresner bought 2,000 shares of the stock in a transaction on Friday, May 17th. The shares were purchased at an average price of $12.51 per share, for a total transaction of $25,020.00. Following the completion of the purchase, the insider now directly owns 52,099 shares of the company’s stock, valued at approximately $651,758.49. The purchase was disclosed in a filing with the SEC, which is available through this link. Over the last ninety days, insiders bought 4,110 shares of company stock worth $49,955. Corporate insiders own 0.05% of the company’s stock.

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.