A&I Financial Services LLC Purchases Shares of 33,860 CION Investment Co. (NYSE:CION)

A&I Financial Services LLC purchased a new stake in CION Investment Co. (NYSE:CION) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 33,860 shares of the company’s stock, valued at approximately $386,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Concurrent Investment Advisors LLC increased its holdings in shares of CION Investment by 2.6% in the 4th quarter. Concurrent Investment Advisors LLC now owns 42,822 shares of the company’s stock worth $488,000 after buying an additional 1,093 shares during the last quarter. Endowment Wealth Management Inc. increased its holdings in shares of CION Investment by 2.6% in the 3rd quarter. Endowment Wealth Management Inc. now owns 58,330 shares of the company’s stock worth $694,000 after buying an additional 1,489 shares during the last quarter. Beck Capital Management LLC increased its holdings in shares of CION Investment by 6.5% in the 3rd quarter. Beck Capital Management LLC now owns 29,511 shares of the company’s stock worth $351,000 after buying an additional 1,797 shares during the last quarter. Townsquare Capital LLC increased its holdings in shares of CION Investment by 7.0% in the 3rd quarter. Townsquare Capital LLC now owns 31,438 shares of the company’s stock worth $374,000 after buying an additional 2,061 shares during the last quarter. Finally, Acorn Financial Advisory Services Inc. ADV increased its holdings in shares of CION Investment by 0.9% in the 3rd quarter. Acorn Financial Advisory Services Inc. ADV now owns 253,353 shares of the company’s stock worth $3,015,000 after buying an additional 2,267 shares during the last quarter. 32.01% of the stock is currently owned by institutional investors.

CION Investment Stock Down 0.4 %

CION Investment stock opened at $12.26 on Friday. The company’s 50-day moving average price is $11.63 and its 200-day moving average price is $11.74. CION Investment Co. has a twelve month low of $10.52 and a twelve month high of $12.69. The company has a market cap of $653.02 million, a PE ratio of 8.34 and a beta of 1.13.

CION Investment Dividend Announcement

The company also recently declared 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 97.96%.

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.