Kowal Investment Group LLC Buys 964 Shares of CION Investment Co. (NYSE:CION)

Kowal Investment Group LLC grew its stake in CION Investment Co. (NYSE:CION) by 3.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 27,290 shares of the company’s stock after acquiring an additional 964 shares during the quarter. Kowal Investment Group LLC’s holdings in CION Investment were worth $300,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Tidemark LLC bought a new stake in CION Investment in the fourth quarter worth $26,000. Creekmur Asset Management LLC bought a new position in shares of CION Investment during the fourth quarter valued at $42,000. LSV Asset Management bought a new position in shares of CION Investment during the fourth quarter valued at $66,000. CWM LLC lifted its holdings in shares of CION Investment by 56.7% during the fourth quarter. CWM LLC now owns 13,765 shares of the company’s stock valued at $156,000 after purchasing an additional 4,981 shares in the last quarter. Finally, BlueChip Wealth Advisors LLC bought a new position in shares of CION Investment during the fourth quarter valued at $171,000. 32.01% of the stock is owned by institutional investors.

CION Investment Price Performance

Shares of NYSE:CION opened at $12.15 on Tuesday. The company has a market cap of $651.12 million, a P/E ratio of 4.98 and a beta of 1.19. CION Investment Co. has a 1 year low of $9.65 and a 1 year high of $12.69. The stock’s fifty day moving average price is $12.07 and its 200-day moving average price is $11.43.

CION Investment (NYSE:CION) last announced its quarterly earnings results on Thursday, May 9th. The company reported $0.60 earnings per share (EPS) for the quarter. CION Investment had a return on equity of 12.53% and a net margin of 51.16%. The firm had revenue of $73.55 million for the quarter.

CION Investment Dividend Announcement

The company also recently announced a Variable dividend, which will be paid on Friday, July 12th. Shareholders of record on Friday, June 28th will be issued a $0.05 dividend. This represents a yield of 12%. The ex-dividend date is Friday, June 28th. CION Investment’s dividend payout ratio is 59.02%.

Analyst Ratings Changes

Separately, Wells Fargo & Company upped their price target on CION Investment from $11.50 to $12.00 and gave the company an “equal weight” rating in a report on Wednesday, May 15th.

Insider Buying and Selling at CION Investment

In other news, insider Gregg A. Bresner bought 2,000 shares of the stock in a transaction on Friday, May 17th. The shares were bought at an average price of $12.51 per share, with a total value of $25,020.00. Following the completion of the acquisition, the insider now owns 52,099 shares in the company, valued at $651,758.49. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last 90 days, insiders have bought 3,660 shares of company stock valued at $44,983. 0.05% of the stock is owned by company insiders.

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.