Cubist Systematic Strategies LLC Has $552,000 Stock Holdings in CION Investment Co. (NYSE:CION)

Cubist Systematic Strategies LLC lifted its stake in shares of CION Investment Co. (NYSE:CION – Get Rating) by 108.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 64,950 shares of the company’s stock after acquiring an additional 33,790 shares during the period. Cubist Systematic Strategies LLC owned approximately 0.11% of CION Investment worth $552,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Gradient Investments LLC increased its position in shares of CION Investment by 221.4% during the third quarter. Gradient Investments LLC now owns 3,066 shares of the company’s stock worth $26,000 after acquiring an additional 2,112 shares in the last quarter. Tyler Stone Wealth Management bought a new stake in shares of CION Investment during the second quarter worth $27,000. Allworth Financial LP increased its position in shares of CION Investment by 50.0% during the third quarter. Allworth Financial LP now owns 3,688 shares of the company’s stock worth $31,000 after acquiring an additional 1,229 shares in the last quarter. Joseph Group Capital Management bought a new stake in shares of CION Investment during the third quarter worth $36,000. Finally, Signaturefd LLC increased its position in shares of CION Investment by 109.7% during the third quarter. Signaturefd LLC now owns 4,665 shares of the company’s stock worth $40,000 after acquiring an additional 2,440 shares in the last quarter. Institutional investors own 27.22% of the company’s stock.

CION Investment Stock Down 2.6 %

Shares of CION stock opened at $9.81 on Monday. The company has a market capitalization of $543.77 million, a price-to-earnings ratio of 9.81 and a beta of 1.46. CION Investment Co. has a 12-month low of $7.83 and a 12-month high of $15.09. The firm has a fifty day moving average of $10.71 and a 200-day moving average of $10.06.

CION Investment Increases Dividend

The firm also recently announced a — dividend, which was paid on Tuesday, January 31st. Investors of record on Friday, December 30th were given a $0.27 dividend. The ex-dividend date was Thursday, December 29th. This represents a yield of 11.8%. This is an increase from CION Investment’s previous — dividend of $0.20. CION Investment’s dividend payout ratio (DPR) is 124.00%.

About CION Investment

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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.