CION Investment Co. (NYSE:CION) Shares Bought by Van ECK Associates Corp

Van ECK Associates Corp grew its holdings in shares of CION Investment Co. (NYSE:CION) by 1.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,329,799 shares of the company’s stock after purchasing an additional 21,825 shares during the period. Van ECK Associates Corp owned approximately 2.50% of CION Investment worth $15,160,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Entropy Technologies LP bought a new stake in CION Investment during the fourth quarter worth approximately $138,000. Apollon Wealth Management LLC increased its position in shares of CION Investment by 15.5% during the 4th quarter. Apollon Wealth Management LLC now owns 52,747 shares of the company’s stock valued at $601,000 after purchasing an additional 7,060 shares during the period. Golden State Wealth Management LLC bought a new stake in shares of CION Investment in the 4th quarter worth $96,000. Consolidated Portfolio Review Corp acquired a new stake in shares of CION Investment in the fourth quarter valued at $417,000. Finally, Strategic Blueprint LLC boosted its stake in CION Investment by 26.0% during the fourth quarter. Strategic Blueprint LLC now owns 21,377 shares of the company’s stock valued at $244,000 after buying an additional 4,407 shares in the last quarter. 32.01% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company dropped their price target on shares of CION Investment from $12.00 to $11.50 and set an “equal weight” rating on the stock in a research report on Tuesday, October 29th.

CION Investment Stock Performance

CION Investment stock opened at $12.17 on Friday. The firm has a market cap of $648.65 million, a price-to-earnings ratio of 8.28 and a beta of 1.13. CION Investment Co. has a 1 year low of $10.52 and a 1 year high of $12.69. The firm’s 50 day moving average price is $11.50 and its two-hundred day moving average price is $11.71.

CION Investment Dividend Announcement

The business also recently announced an annual dividend, which was paid on Monday, January 27th. Investors of record on Monday, December 30th were issued a $0.05 dividend. This represents a dividend yield of 0.43%. The ex-dividend date of this dividend was Monday, December 30th. CION Investment’s payout ratio is 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.