Founders Financial Alliance LLC Acquires 1,086 Shares of CION Investment Co. (NYSE:CION)

Founders Financial Alliance LLC boosted its holdings in shares of CION Investment Co. (NYSE:CION) by 5.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,769 shares of the company’s stock after acquiring an additional 1,086 shares during the period. Founders Financial Alliance LLC’s holdings in CION Investment were worth $248,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC bought a new stake in shares of CION Investment in the fourth quarter valued at about $96,000. Quantbot Technologies LP bought a new stake in shares of CION Investment in the third quarter valued at about $104,000. Legacy Investment Solutions LLC bought a new stake in shares of CION Investment in the third quarter valued at about $124,000. Virtu Financial LLC bought a new stake in shares of CION Investment in the third quarter valued at about $127,000. Finally, Entropy Technologies LP bought a new stake in shares of CION Investment in the fourth quarter valued at about $138,000. 32.01% of the stock is currently owned by institutional investors.

CION Investment Price Performance

Shares of CION Investment stock opened at $12.10 on Wednesday. The firm has a market cap of $644.49 million, a price-to-earnings ratio of 8.23 and a beta of 1.11. The stock’s 50-day moving average is $11.77 and its 200-day moving average is $11.75. CION Investment Co. has a one year low of $10.52 and a one year high of $12.71.

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 dividend of $0.05 per share. The ex-dividend date was Monday, December 30th. This represents a yield of 0.43%. CION Investment’s payout ratio is presently 97.96%.

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.