CION Investment Co. (NYSE:CION) Shares Sold by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC trimmed its holdings in shares of CION Investment Co. (NYSE:CION) by 22.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 25,365 shares of the company’s stock after selling 7,396 shares during the period. Kestra Private Wealth Services LLC’s holdings in CION Investment were worth $287,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in CION. WealthPlan Investment Management LLC boosted its holdings in CION Investment by 883,149.1% in the third quarter. WealthPlan Investment Management LLC now owns 468,122 shares of the company’s stock valued at $4,948,000 after purchasing an additional 468,069 shares during the last quarter. Financial Gravity Asset Management Inc. raised its position in CION Investment by 1,800.0% during the third quarter. Financial Gravity Asset Management Inc. now owns 472,055 shares of the company’s stock valued at $4,990,000 after acquiring an additional 447,210 shares in the last quarter. Alpine Global Management LLC lifted its holdings in CION Investment by 181.4% in the third quarter. Alpine Global Management LLC now owns 180,849 shares of the company’s stock valued at $1,912,000 after acquiring an additional 116,579 shares during the period. SG Americas Securities LLC purchased a new stake in CION Investment in the 3rd quarter worth approximately $480,000. Finally, LPL Financial LLC grew its stake in shares of 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 purchasing an additional 12,049 shares during the period. 32.01% of the stock is owned by hedge funds and other institutional investors.

CION Investment Price Performance

CION opened at $11.74 on Thursday. The stock has a market cap of $631.81 million, a P/E ratio of 6.67 and a beta of 1.19. The firm has a fifty day moving average price of $11.06 and a 200 day moving average price of $10.98. CION Investment Co. has a 1 year low of $9.16 and a 1 year high of $12.00.

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

CION Investment Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 22nd were given 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 dividend yield of 11.59%. CION Investment’s dividend payout ratio (DPR) is 77.27%.

Insider Buying and Selling

In related news, insider Gregg A. Bresner purchased 4,000 shares of CION Investment stock in a transaction that occurred on Wednesday, March 20th. The stock was purchased at an average price of $10.78 per share, for a total transaction of $43,120.00. Following the transaction, the insider now directly owns 50,099 shares in the company, valued at $540,067.22. The acquisition was disclosed in a document filed with the SEC, which is available at this link. In the last quarter, insiders purchased 6,519 shares of company stock valued at $70,760. 0.44% of the stock is owned by corporate insiders.

CION Investment 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.