Strong Tower Advisory Services lifted its stake in shares of CION Investment Co. (NYSE:CION – Free Report) by 5.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 205,941 shares of the company’s stock after buying an additional 9,742 shares during the period. Strong Tower Advisory Services’ holdings in CION Investment were worth $2,348,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Arkadios Wealth Advisors raised its holdings in shares of CION Investment by 2.2% in the fourth quarter. Arkadios Wealth Advisors now owns 292,964 shares of the company’s stock valued at $3,340,000 after purchasing an additional 6,275 shares during the last quarter. Hennion & Walsh Asset Management Inc. lifted its position in shares of CION Investment by 14.1% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 504,411 shares of the company’s stock worth $5,750,000 after buying an additional 62,365 shares in the last quarter. Winthrop Advisory Group LLC bought a new position in shares of CION Investment in the fourth quarter valued at approximately $195,000. JPMorgan Chase & Co. increased its position in shares of CION Investment by 108.2% during the third quarter. JPMorgan Chase & Co. now owns 19,488 shares of the company’s stock valued at $232,000 after acquiring an additional 10,129 shares during the last quarter. Finally, Franklin Resources Inc. increased its position in shares of CION Investment by 13.6% during the 3rd quarter. Franklin Resources Inc. now owns 358,956 shares of the company’s stock valued at $4,261,000 after purchasing an additional 43,076 shares during the last quarter. 32.01% of the stock is owned by hedge funds and other institutional investors.
CION Investment Trading Down 0.1 %
CION Investment stock opened at $11.42 on Monday. The firm has a market capitalization of $608.31 million, a price-to-earnings ratio of 7.77 and a beta of 1.13. The firm has a 50 day simple moving average of $11.47 and a 200 day simple moving average of $11.81. CION Investment Co. has a 1-year low of $10.52 and a 1-year high of $12.69.
CION Investment Dividend Announcement
Wall Street Analysts Forecast Growth
CION has been the subject of several research reports. Wells Fargo & Company reduced their price target on shares of CION Investment from $12.00 to $11.50 and set an “equal weight” rating for the company in a research report on Tuesday, October 29th. Oppenheimer started coverage on CION Investment in a report on Tuesday, October 8th. They set a “market perform” rating and a $13.00 price objective for the company.
Get Our Latest Stock Analysis on CION Investment
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.
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