Cerity Partners LLC Takes Position in CION Investment Co. (NYSE:CION)

Cerity Partners LLC purchased a new stake in CION Investment Co. (NYSE:CION) in the fourth quarter, Holdings Channel reports. The firm purchased 24,516 shares of the company’s stock, valued at approximately $277,000.

A number of other institutional investors have also made changes to their positions in CION. Punch & Associates Investment Management Inc. grew its stake in 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 worth $17,233,000 after buying an additional 5,813 shares during the last quarter. LPL Financial LLC grew its stake in CION Investment by 1.3% during the 3rd quarter. LPL Financial LLC now owns 949,385 shares of the company’s stock worth $10,035,000 after buying an additional 12,049 shares during the last quarter. Van ECK Associates Corp grew its stake in CION Investment by 14.2% during the 3rd quarter. Van ECK Associates Corp now owns 901,058 shares of the company’s stock worth $9,524,000 after buying an additional 111,819 shares during the last quarter. International Assets Investment Management LLC grew its stake 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 worth $99,480,000 after buying an additional 803,469 shares during the last quarter. Finally, Acadian Asset Management LLC grew its stake in CION Investment by 11.0% during the 3rd quarter. Acadian Asset Management LLC now owns 656,910 shares of the company’s stock worth $6,938,000 after buying an additional 65,039 shares during the last quarter. 32.01% of the stock is currently owned by institutional investors.

Insider Transactions at CION Investment

In other CION Investment news, insider Gregg A. Bresner purchased 4,000 shares of the firm’s stock in a transaction dated Wednesday, March 20th. The stock was bought at an average price 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 in the company, valued at approximately $540,067.22. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Over the last quarter, insiders acquired 6,519 shares of company stock valued at $70,760. 0.44% of the stock is currently owned by corporate insiders.

CION Investment Price Performance

Shares of CION opened at $11.44 on Monday. The company has a market cap of $615.93 million, a P/E ratio of 6.50 and a beta of 1.24. The stock has a fifty day moving average price of $10.99 and a 200 day moving average price of $10.91. CION Investment Co. has a 12 month low of $8.99 and a 12 month high of $12.00.

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

CION Investment Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 22nd were paid a dividend of $0.34 per share. The ex-dividend date of this dividend was Thursday, March 21st. This represents a $1.36 dividend on an annualized basis and a yield of 11.89%. CION Investment’s payout ratio is currently 77.27%.

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.