Great Valley Advisor Group Inc. Boosts Stake in CION Investment Co. (NYSE:CION)

Great Valley Advisor Group Inc. increased its stake in CION Investment Co. (NYSE:CION) by 51.4% in the 4th quarter, Holdings Channel reports. The fund owned 20,633 shares of the company’s stock after buying an additional 7,003 shares during the quarter. Great Valley Advisor Group Inc.’s holdings in CION Investment were worth $233,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in CION. Van ECK Associates Corp increased its position in shares of CION Investment by 10.3% during the 4th quarter. Van ECK Associates Corp now owns 993,940 shares of the company’s stock valued at $11,241,000 after purchasing an additional 92,882 shares during the last quarter. Silver Oak Securities Incorporated grew its position in CION Investment by 367.5% during the fourth quarter. Silver Oak Securities Incorporated now owns 27,851 shares of the company’s stock valued at $315,000 after acquiring an additional 21,894 shares during the last quarter. CWM LLC raised its stake in shares of CION Investment by 56.7% during the fourth quarter. CWM LLC now owns 13,765 shares of the company’s stock worth $156,000 after acquiring an additional 4,981 shares in the last quarter. Cerity Partners LLC bought a new stake in shares of CION Investment in the 4th quarter worth approximately $277,000. Finally, International Assets Investment Management LLC boosted its stake in shares of CION Investment by 2.2% in the 4th quarter. International Assets Investment Management LLC now owns 77,766 shares of the company’s stock valued at $880,000 after purchasing an additional 1,702 shares in the last quarter. Institutional investors own 32.01% of the company’s stock.

CION Investment Stock Up 0.2 %

CION Investment stock opened at $11.61 on Tuesday. The firm has a fifty day simple moving average of $11.04 and a two-hundred day simple moving average of $10.97. CION Investment Co. has a twelve month low of $9.16 and a twelve month high of $12.00. The company has a market capitalization of $624.86 million, a PE ratio of 6.59 and a beta of 1.19.

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

CION Investment Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 22nd were issued a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 11.72%. The ex-dividend date was Thursday, March 21st. CION Investment’s dividend payout ratio is 77.27%.

Insider Buying and Selling

In other news, insider Gregg A. Bresner purchased 4,000 shares of the company’s stock in a transaction on Wednesday, March 20th. The stock was acquired at an average price of $10.78 per share, with a total value of $43,120.00. Following the transaction, the insider now directly owns 50,099 shares of the company’s stock, valued at approximately $540,067.22. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have bought a total of 6,519 shares of company stock valued at $70,760 over the last three months. 0.44% of the stock is owned by company insiders.

About CION Investment

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.