Strategic Blueprint LLC Acquires 1,520 Shares of CION Investment Co. (NYSE:CION)

Strategic Blueprint LLC boosted its holdings in shares of CION Investment Co. (NYSE:CION) by 6.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 25,527 shares of the company’s stock after purchasing an additional 1,520 shares during the quarter. Strategic Blueprint LLC’s holdings in CION Investment were worth $289,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CION. Punch & Associates Investment Management Inc. boosted its holdings in shares of CION Investment by 0.4% during the 3rd quarter. Punch & Associates Investment Management Inc. now owns 1,630,333 shares of the company’s stock valued at $17,233,000 after purchasing an additional 5,813 shares during the last quarter. LPL Financial LLC boosted its holdings in shares of CION Investment by 1.3% in the 3rd quarter. LPL Financial LLC now owns 949,385 shares of the company’s stock worth $10,035,000 after purchasing an additional 12,049 shares during the period. Van ECK Associates Corp increased its position in shares of CION Investment by 14.2% during the 3rd quarter. Van ECK Associates Corp now owns 901,058 shares of the company’s stock valued at $9,524,000 after purchasing an additional 111,819 shares during the last quarter. International Assets Investment Management LLC raised its holdings in CION Investment by 1,056.3% during the 4th quarter. International Assets Investment Management LLC now owns 879,533 shares of the company’s stock valued at $99,480,000 after buying an additional 803,469 shares during the period. Finally, Millennium Management LLC lifted its position in CION Investment by 123.9% in the second quarter. Millennium Management LLC now owns 737,237 shares of the company’s stock worth $6,414,000 after buying an additional 407,899 shares during the last quarter. Institutional investors own 32.01% of the company’s stock.

CION Investment Stock Down 0.8 %

CION stock opened at $11.04 on Friday. The firm’s fifty day simple moving average is $10.96 and its two-hundred day simple moving average is $10.85. The stock has a market capitalization of $594.17 million, a price-to-earnings ratio of 6.27 and a beta of 1.24. CION Investment Co. has a twelve month low of $8.99 and a twelve month high of $12.00.

CION Investment (NYSE:CION) last posted its quarterly earnings data on Thursday, March 14th. The company reported $0.40 earnings per share for the quarter. CION Investment had a net margin of 37.97% and a return on equity of 12.33%. The company had revenue of $60.00 million for the quarter.

CION Investment Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 22nd were issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 12.32%. The ex-dividend date of this dividend was Thursday, March 21st. CION Investment’s payout ratio is currently 77.27%.

Insider Buying and Selling at CION Investment

In related news, insider Gregg A. Bresner bought 4,000 shares of the stock in a transaction dated Wednesday, March 20th. The stock was purchased at an average cost of $10.78 per share, with a total value of $43,120.00. Following the completion of the purchase, the insider now owns 50,099 shares of the company’s stock, valued at $540,067.22. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders have acquired 6,519 shares of company stock valued at $70,760 in the last quarter. 0.44% of the stock is owned by 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.