CION Investment Co. (NYSE:CION) Shares Sold by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd decreased its stake in CION Investment Co. (NYSE:CION) by 39.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,384 shares of the company’s stock after selling 9,538 shares during the period. Y Intercept Hong Kong Ltd’s holdings in CION Investment were worth $164,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of CION. Hennion & Walsh Asset Management Inc. boosted its stake in CION Investment by 14.1% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 504,411 shares of the company’s stock valued at $5,750,000 after acquiring an additional 62,365 shares in the last quarter. Van ECK Associates Corp lifted its holdings in shares of CION Investment by 5.7% in the 3rd quarter. Van ECK Associates Corp now owns 1,307,974 shares of the company’s stock valued at $15,617,000 after purchasing an additional 70,608 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of CION Investment in the 3rd quarter valued at about $161,000. Arete Wealth Advisors LLC grew its stake in CION Investment by 67.6% during the 3rd quarter. Arete Wealth Advisors LLC now owns 28,275 shares of the company’s stock worth $337,000 after buying an additional 11,408 shares during the last quarter. Finally, Kingswood Wealth Advisors LLC acquired a new position in CION Investment during the fourth quarter worth approximately $333,000. Institutional investors and hedge funds own 32.01% of the company’s stock.

CION Investment Trading Down 0.0 %

CION stock opened at $12.22 on Thursday. The company has a market capitalization of $651.37 million, a P/E ratio of 8.32 and a beta of 1.13. The business has a 50 day simple moving average of $11.70 and a 200-day simple moving average of $11.75. CION Investment Co. has a twelve month low of $10.52 and a twelve month high of $12.71.

CION Investment Dividend Announcement

The firm also recently declared an annual dividend, which was paid on Monday, January 27th. Investors of record on Monday, December 30th were paid a dividend of $0.05 per share. This represents a yield of 0.43%. The ex-dividend date of this dividend was Monday, December 30th. CION Investment’s dividend payout ratio is currently 97.96%.

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.