Kestra Private Wealth Services LLC Cuts Position in CION Investment Co. (NYSE:CION)

Kestra Private Wealth Services LLC decreased its holdings in shares of CION Investment Co. (NYSE:CIONFree Report) by 7.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 32,761 shares of the company’s stock after selling 2,638 shares during the quarter. Kestra Private Wealth Services LLC owned approximately 0.06% of CION Investment worth $346,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of CION. Simon Quick Advisors LLC increased its holdings in shares of CION Investment by 6.1% in the 1st quarter. Simon Quick Advisors LLC now owns 18,527 shares of the company’s stock worth $183,000 after acquiring an additional 1,058 shares during the period. Great Valley Advisor Group Inc. raised its holdings in shares of CION Investment by 8.9% during the third quarter. Great Valley Advisor Group Inc. now owns 13,630 shares of the company’s stock valued at $144,000 after buying an additional 1,111 shares during the last quarter. Founders Financial Securities LLC boosted its position in shares of CION Investment by 3.0% during the third quarter. Founders Financial Securities LLC now owns 43,144 shares of the company’s stock worth $456,000 after buying an additional 1,251 shares during the period. Strong Tower Advisory Services grew its holdings in CION Investment by 11.6% in the 3rd quarter. Strong Tower Advisory Services now owns 12,503 shares of the company’s stock worth $132,000 after buying an additional 1,300 shares in the last quarter. Finally, Centaurus Financial Inc. increased its position in CION Investment by 7.8% in the 2nd quarter. Centaurus Financial Inc. now owns 20,099 shares of the company’s stock valued at $209,000 after acquiring an additional 1,461 shares during the period. Institutional investors own 31.08% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, TheStreet lowered CION Investment from a “c-” rating to a “d-” rating in a report on Tuesday, November 21st.

View Our Latest Research Report on CION Investment

CION Investment Price Performance

Shares of NYSE:CION opened at $10.98 on Friday. The stock has a market cap of $596.21 million, a price-to-earnings ratio of 11.09 and a beta of 1.31. CION Investment Co. has a 12 month low of $8.99 and a 12 month high of $11.75. The stock’s 50 day moving average price is $11.16 and its 200 day moving average price is $10.82.

CION Investment (NYSE:CIONGet Free Report) last posted its quarterly earnings data on Wednesday, November 8th. The company reported $0.55 EPS for the quarter. CION Investment had a return on equity of 12.56% and a net margin of 21.85%. The company had revenue of $67.54 million for the quarter.

CION Investment Increases Dividend

The firm also recently announced a — dividend, which was paid on Wednesday, January 31st. Investors of record on Friday, December 22nd were issued a dividend of $0.15 per share. This represents a yield of 12.1%. This is a boost from CION Investment’s previous — dividend of $0.05. The ex-dividend date was Thursday, December 21st. CION Investment’s dividend payout ratio (DPR) is presently 137.37%.

About CION Investment

(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.

Further Reading

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Institutional Ownership by Quarter for CION Investment (NYSE:CION)

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