Van ECK Associates Corp Grows Position in CION Investment Co. (NYSE:CION)

Van ECK Associates Corp raised its holdings in shares of CION Investment Co. (NYSE:CIONFree Report) by 14.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 901,058 shares of the company’s stock after buying an additional 111,819 shares during the period. Van ECK Associates Corp owned about 1.65% of CION Investment worth $9,524,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Redwood Financial Network Corp boosted its position in shares of CION Investment by 12.7% during the third quarter. Redwood Financial Network Corp now owns 21,363 shares of the company’s stock valued at $226,000 after buying an additional 2,414 shares during the period. Madison Wealth Management boosted its position in shares of CION Investment by 35.1% during the third quarter. Madison Wealth Management now owns 26,070 shares of the company’s stock valued at $276,000 after buying an additional 6,770 shares during the period. Virtus ETF Advisers LLC boosted its position in shares of CION Investment by 110.7% during the third quarter. Virtus ETF Advisers LLC now owns 41,848 shares of the company’s stock valued at $442,000 after buying an additional 21,982 shares during the period. Great Valley Advisor Group Inc. boosted its position 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 period. Finally, Sigma Planning Corp boosted its holdings in shares of CION Investment by 0.6% in the third quarter. Sigma Planning Corp now owns 303,887 shares of the company’s stock valued at $3,212,000 after purchasing an additional 1,896 shares during the period. Hedge funds and other institutional investors own 31.08% of the company’s stock.

CION Investment Stock Performance

Shares of NYSE CION opened at $11.06 on Friday. The firm has a market capitalization of $600.55 million, a price-to-earnings ratio of 11.17 and a beta of 1.31. The stock has a 50 day moving average price of $11.17 and a 200 day moving average price of $10.82. CION Investment Co. has a 52-week low of $8.99 and a 52-week high of $11.75.

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

CION Investment Increases Dividend

The business also recently announced a — dividend, which was paid on Wednesday, January 31st. Shareholders of record on Friday, December 22nd were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, December 21st. This represents a yield of 12.1%. This is a positive change from CION Investment’s previous — dividend of $0.05. CION Investment’s dividend payout ratio is currently 137.37%.

Wall Street Analyst Weigh In

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

Read Our Latest Analysis on CION

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.

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

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