Consolidated Portfolio Review Corp Invests $417,000 in CION Investment Co. (NYSE:CION)

Consolidated Portfolio Review Corp purchased a new stake in shares of CION Investment Co. (NYSE:CION) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 36,610 shares of the company’s stock, valued at approximately $417,000.

Several other large investors have also recently added to or reduced their stakes in CION. Quantbot Technologies LP acquired a new stake in shares of CION Investment during the third quarter worth $104,000. Focused Wealth Management Inc acquired a new stake in CION Investment during the third quarter worth about $120,000. Legacy Investment Solutions LLC bought a new position in shares of CION Investment during the third quarter valued at approximately $124,000. Virtu Financial LLC acquired a new stake in shares of CION Investment during the 3rd quarter worth approximately $127,000. Finally, Jane Street Group LLC bought a new stake in shares of CION Investment in the 3rd quarter worth approximately $161,000. 32.01% of the stock is currently owned by institutional investors.

CION Investment Stock Up 1.3 %

CION Investment stock opened at $11.64 on Friday. CION Investment Co. has a 52-week low of $10.52 and a 52-week high of $12.69. The firm has a market capitalization of $620.03 million, a price-to-earnings ratio of 7.91 and a beta of 1.13. The firm has a 50-day moving average price of $11.46 and a two-hundred day moving average price of $11.73.

CION Investment (NYSE:CION) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.02. CION Investment had a return on equity of 11.49% and a net margin of 31.21%. The business had revenue of $59.63 million during the quarter, compared to the consensus estimate of $57.75 million. During the same period in the previous year, the firm posted $0.55 earnings per share. Research analysts expect that CION Investment Co. will post 1.78 earnings per share for the current year.

CION Investment Dividend Announcement

The firm also recently declared an annual dividend, which was paid on Monday, January 27th. Shareholders of record on Monday, December 30th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, December 30th. This represents a yield of 0.43%. CION Investment’s dividend payout ratio (DPR) is presently 97.96%.

Wall Street Analyst Weigh In

Separately, Wells Fargo & Company lowered their price objective on CION Investment from $12.00 to $11.50 and set an “equal weight” rating for the company in a research note on Tuesday, October 29th.

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.