Denver Wealth Management Inc. Trims Stock Position in CION Investment Co. (NYSE:CION)

Denver Wealth Management Inc. cut its position in shares of CION Investment Co. (NYSE:CIONFree Report) by 39.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,194 shares of the company’s stock after selling 6,556 shares during the period. Denver Wealth Management Inc.’s holdings in CION Investment were worth $115,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. IAG Wealth Partners LLC raised its stake in CION Investment by 1,628.9% during the third quarter. IAG Wealth Partners LLC now owns 2,576 shares of the company’s stock worth $27,000 after purchasing an additional 2,427 shares during the period. FinTrust Capital Advisors LLC purchased a new position in CION Investment during the third quarter worth about $37,000. Almanack Investment Partners LLC. purchased a new position in CION Investment during the third quarter worth about $39,000. Tyler Stone Wealth Management acquired a new stake in shares of CION Investment during the second quarter valued at about $40,000. Finally, Huntington National Bank acquired a new stake in shares of CION Investment during the third quarter valued at about $50,000. 32.01% of the stock is owned by hedge funds and other institutional investors.

CION Investment Price Performance

Shares of CION opened at $11.11 on Thursday. CION Investment Co. has a 1-year low of $8.99 and a 1-year high of $12.00. The stock has a market cap of $598.21 million, a PE ratio of 6.31 and a beta of 1.24. The firm has a 50-day simple moving average of $10.99 and a two-hundred day simple moving average of $10.83.

CION Investment Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 22nd were given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 12.24%. The ex-dividend date was Thursday, March 21st. CION Investment’s dividend payout ratio is presently 77.27%.

Insider Buying and Selling at CION Investment

In related 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 cost of $10.78 per share, for a total transaction of $43,120.00. Following the completion of 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 accessible through the SEC website. Insiders purchased a total of 6,069 shares of company stock worth $65,760 over the last three months. Insiders own 0.44% of the company’s stock.

CION Investment Profile

(Free Report)

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.

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Institutional Ownership by Quarter for CION Investment (NYSE:CION)

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