Strategic Blueprint LLC Purchases 1,520 Shares of CION Investment Co. (NYSE:CION)

Strategic Blueprint LLC boosted its holdings in shares of CION Investment Co. (NYSE:CION) by 6.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 25,527 shares of the company’s stock after buying an additional 1,520 shares during the period. Strategic Blueprint LLC’s holdings in CION Investment were worth $289,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. International Assets Investment Management LLC grew its holdings in shares of CION Investment by 1,056.3% during the fourth quarter. International Assets Investment Management LLC now owns 879,533 shares of the company’s stock worth $99,480,000 after purchasing an additional 803,469 shares in the last quarter. LPL Financial LLC bought a new position in shares of CION Investment in the 2nd quarter worth $4,190,000. WealthPlan Investment Management LLC raised its position in shares of CION Investment by 883,149.1% during the 3rd quarter. WealthPlan Investment Management LLC now owns 468,122 shares of the company’s stock valued at $4,948,000 after buying an additional 468,069 shares in the last quarter. Financial Gravity Asset Management Inc. grew its position in CION Investment by 1,800.0% in the third quarter. Financial Gravity Asset Management Inc. now owns 472,055 shares of the company’s stock worth $4,990,000 after acquiring an additional 447,210 shares in the last quarter. Finally, Millennium Management LLC increased its stake in CION Investment by 123.9% in the second quarter. Millennium Management LLC now owns 737,237 shares of the company’s stock valued at $6,414,000 after acquiring an additional 407,899 shares during the last quarter. 32.01% of the stock is currently owned by institutional investors.

CION Investment Stock Down 0.8 %

NYSE CION opened at $11.04 on Friday. The stock’s 50-day simple moving average is $10.96 and its two-hundred day simple moving average is $10.85. CION Investment Co. has a twelve month low of $8.99 and a twelve month high of $12.00. The company has a market capitalization of $594.17 million, a price-to-earnings ratio of 6.27 and a beta of 1.24.

CION Investment (NYSE:CION) last announced its quarterly earnings data on Thursday, March 14th. The company reported $0.40 earnings per share for the quarter. The company had revenue of $60.00 million for the quarter. CION Investment had a return on equity of 12.33% and a net margin of 37.97%.

CION Investment Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 22nd were issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 12.32%. The ex-dividend date was Thursday, March 21st. CION Investment’s dividend payout ratio is currently 77.27%.

Insider Buying and Selling

In related news, insider Gregg A. Bresner acquired 4,000 shares of CION Investment stock in a transaction dated Wednesday, March 20th. The shares were purchased at an average cost of $10.78 per share, with a total value of $43,120.00. Following the completion of the purchase, the insider now owns 50,099 shares of the company’s stock, valued at $540,067.22. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders have acquired a total of 6,519 shares of company stock worth $70,760 in the last 90 days. 0.44% of the stock is owned by company insiders.

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.