International Assets Investment Management LLC Has $766,000 Stake in CION Investment Co. (NYSE:CION)

International Assets Investment Management LLC lowered its holdings in CION Investment Co. (NYSE:CION) by 92.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 66,973 shares of the company’s stock after selling 804,107 shares during the quarter. International Assets Investment Management LLC owned about 0.13% of CION Investment worth $766,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of CION. Van ECK Associates Corp increased its position in shares of CION Investment by 5.7% during the third quarter. Van ECK Associates Corp now owns 1,307,974 shares of the company’s stock worth $15,617,000 after acquiring an additional 70,608 shares in the last quarter. Private Advisor Group LLC increased its holdings in CION Investment by 5.5% during the 3rd quarter. Private Advisor Group LLC now owns 651,505 shares of the company’s stock worth $7,753,000 after purchasing an additional 34,061 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its stake in shares of CION Investment by 26.0% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 442,046 shares of the company’s stock worth $5,260,000 after purchasing an additional 91,221 shares during the last quarter. Franklin Resources Inc. lifted its holdings in shares of CION Investment by 13.6% in the third 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 in the last quarter. Finally, Sigma Planning Corp boosted its position in shares of CION Investment by 3.6% during the third quarter. Sigma Planning Corp now owns 306,660 shares of the company’s stock valued at $3,649,000 after buying an additional 10,711 shares during the last quarter. Institutional investors own 32.01% of the company’s stock.

CION Investment Trading Down 0.1 %

Shares of CION Investment stock opened at $11.09 on Friday. The business’s fifty day simple moving average is $11.52 and its 200 day simple moving average is $11.85. CION Investment Co. has a 12 month low of $10.52 and a 12 month high of $12.69. The firm has a market capitalization of $590.94 million, a P/E ratio of 7.54 and a beta of 1.13.

CION Investment Announces Dividend

The business also recently declared an annual dividend, which will be paid on Monday, January 27th. Investors of record on Monday, December 30th will be issued a $0.05 dividend. This represents a dividend yield of 0.43%. The ex-dividend date of this dividend is Monday, December 30th. CION Investment’s dividend payout ratio (DPR) is currently 97.96%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Wells Fargo & Company dropped their price objective on CION Investment from $12.00 to $11.50 and set an “equal weight” rating on the stock in a research note on Tuesday, October 29th. Oppenheimer began coverage on shares of CION Investment in a research report on Tuesday, October 8th. They set a “market perform” rating and a $13.00 price target on the stock.

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.