CION Investment Co. (NYSE:CION) Shares Acquired by Endowment Wealth Management Inc.

Endowment Wealth Management Inc. boosted its stake in shares of CION Investment Co. (NYSE:CION) by 2.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 59,852 shares of the company’s stock after acquiring an additional 1,522 shares during the quarter. Endowment Wealth Management Inc.’s holdings in CION Investment were worth $682,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Van ECK Associates Corp raised its holdings in shares of CION Investment by 1.7% in the fourth quarter. Van ECK Associates Corp now owns 1,329,799 shares of the company’s stock worth $15,160,000 after acquiring an additional 21,825 shares during the last quarter. Private Advisor Group LLC raised its position in shares of CION Investment by 2.5% in the 4th quarter. Private Advisor Group LLC now owns 667,922 shares of the company’s stock valued at $7,614,000 after purchasing an additional 16,417 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its holdings in shares of CION Investment by 14.1% in the 4th 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 during the last quarter. Franklin Resources Inc. increased its holdings in shares of CION Investment by 13.6% in the 3rd quarter. Franklin Resources Inc. now owns 358,956 shares of the company’s stock valued at $4,261,000 after acquiring an additional 43,076 shares during the last quarter. Finally, Sigma Planning Corp grew its stake in CION Investment by 6.2% during the 4th quarter. Sigma Planning Corp now owns 325,766 shares of the company’s stock worth $3,714,000 after buying an additional 19,106 shares during the last quarter. 32.01% of the stock is currently owned by hedge funds and other institutional investors.

CION Investment Stock Performance

NYSE:CION opened at $12.33 on Tuesday. CION Investment Co. has a 1 year low of $10.52 and a 1 year high of $12.71. The stock has a market cap of $656.75 million, a price-to-earnings ratio of 8.38 and a beta of 1.11. The business has a fifty day moving average of $11.75 and a 200-day moving average of $11.75.

CION Investment Announces Dividend

The firm also recently disclosed an annual dividend, which was paid on Monday, January 27th. Investors of record on Monday, December 30th were paid a $0.05 dividend. 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.