6 days Ago By ABMN Staff
LPL Financial LLC lowered its stake in CION Investment Co. ( NYSE:CION – Free Report ) by 0.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC.
The institutional investor owned 967,240 shares of the company’s stock after selling 4,481 shares during the quarter. LPL Financial LLC owned about 1.82% of CION Investment worth $11,027,000 as of its most recent filing with the SEC.
Several other hedge funds have also modified their holdings of the stock. Hennion & Walsh Asset Management Inc. grew its position in CION Investment by 14.
1% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 504,411 shares of the company’s stock valued at $5,750,000 after acquiring an additional 62,365 shares in the last quarter.
Jane Street Group LLC acquired a new stake in CION Investment during the 3rd quarter valued at $161,000. A&I Financial Services LLC purchased a new stake in CION Investment during the 4th quarter worth $386,000. Whipplewood Advisors LLC acquired a new position in CION Investment in the 4th quarter worth $466,000.
Finally, Raymond James Financial Inc. purchased a new position in CION Investment in the 4th quarter valued at about $1,711,000. 32.
01% of the stock is currently owned by hedge funds and other institutional investors. Analysts Set New Price Targets Separately, Wells Fargo & Company reaffirmed an “underweight” rating and set a $10.00 target price (down from $11.
00) on shares of CION Investment in a research report on Monday, March 17th. CION Investment Trading Down 2.4 % CION Investment stock opened at $10.
22 on Friday. CION Investment Co. has a 52 week low of $10.
14 and a 52 week high of $12.71. The stock has a market cap of $541.
67 million, a P/E ratio of 6.95 and a beta of 1.11.
The stock has a 50 day moving average of $11.62 and a 200-day moving average of $11.63.
CION Investment ( NYSE:CION – Get Free Report ) last posted its quarterly earnings data on Thursday, March 13th. The company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.
36 by ($0.01). The company had revenue of $87.
91 million for the quarter, compared to the consensus estimate of $54.11 million. CION Investment had a net margin of 31.
21% and a return on equity of 11.49%. As a group, equities analysts predict that CION Investment Co.
will post 1.78 earnings per share for the current fiscal year. CION Investment Announces Dividend The company also recently declared a quarterly dividend, which will be paid on Friday, April 11th.
Investors of record on Friday, March 28th will be paid a $0.36 dividend. The ex-dividend date is Friday, March 28th.
This represents a $1.44 dividend on an annualized basis and a yield of 14.10%.
CION Investment’s dividend payout ratio (DPR) is 228.57%. CION Investment Company Profile ( Free Report ) 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. Further Reading Want to see what other hedge funds are holding CION? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CION Investment Co.
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