Kowal Investment Group LLC Purchases 964 Shares of CION Investment Co. (NYSE:CION)

Kowal Investment Group LLC raised its position in CION Investment Co. (NYSE:CION) by 3.7% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 27,290 shares of the company’s stock after acquiring an additional 964 shares during the period. Kowal Investment Group LLC owned about 0.05% of CION Investment worth $300,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of CION. Tidemark LLC bought a new stake in shares of CION Investment during the 4th quarter worth approximately $26,000. Creekmur Asset Management LLC bought a new stake in shares of CION Investment during the 4th quarter worth approximately $42,000. LSV Asset Management bought a new stake in shares of CION Investment during the 4th quarter worth approximately $66,000. CWM LLC raised its stake in shares of CION Investment by 56.7% during the 4th quarter. CWM LLC now owns 13,765 shares of the company’s stock worth $156,000 after purchasing an additional 4,981 shares in the last quarter. Finally, BlueChip Wealth Advisors LLC bought a new stake in shares of CION Investment during the 4th quarter worth approximately $171,000. Institutional investors own 32.01% of the company’s stock.

CION Investment Price Performance

Shares of NYSE CION opened at $12.15 on Tuesday. The stock’s fifty day moving average price is $12.07 and its two-hundred day moving average price is $11.43. CION Investment Co. has a one year low of $9.65 and a one year high of $12.69. The firm has a market cap of $651.12 million, a price-to-earnings ratio of 4.98 and a beta of 1.19.

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

CION Investment Dividend Announcement

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

Insider Transactions at CION Investment

In related news, insider Gregg A. Bresner bought 2,000 shares of CION Investment stock in a transaction dated Friday, May 17th. The shares were bought at an average cost of $12.51 per share, with a total value of $25,020.00. Following the acquisition, the insider now owns 52,099 shares in the company, valued at approximately $651,758.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In the last three months, insiders have purchased 3,660 shares of company stock valued at $44,983. 0.05% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

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

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.