Kestra Private Wealth Services LLC Decreases Holdings in CION Investment Co. (NYSE:CION)

Kestra Private Wealth Services LLC reduced its position in CION Investment Co. (NYSE:CION) by 22.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Huntington National Bank bought a new stake in shares of CION Investment during the 3rd quarter valued at about $50,000. Great Valley Advisor Group Inc. raised its position in CION Investment by 8.9% in the third quarter. Great Valley Advisor Group Inc. now owns 13,630 shares of the company’s stock worth $144,000 after acquiring an additional 1,111 shares during the period. Arete Wealth Advisors LLC boosted its stake in shares of CION Investment by 29.4% during the 3rd quarter. Arete Wealth Advisors LLC now owns 14,761 shares of the company’s stock worth $156,000 after acquiring an additional 3,352 shares during the last quarter. CWM LLC grew its position in shares of CION Investment by 56.7% during the 4th quarter. CWM LLC now owns 13,765 shares of the company’s stock valued at $156,000 after acquiring an additional 4,981 shares during the period. Finally, Redwood Financial Network Corp increased its stake in shares of CION Investment by 12.7% in the 3rd quarter. Redwood Financial Network Corp now owns 21,363 shares of the company’s stock worth $226,000 after purchasing an additional 2,414 shares in the last quarter. Hedge funds and other institutional investors own 32.01% of the company’s stock.

Insider Buying and Selling

In other CION Investment news, insider Gregg A. Bresner purchased 4,000 shares of the firm’s stock in a transaction on Wednesday, March 20th. The shares were acquired at an average cost of $10.78 per share, with a total value of $43,120.00. Following the completion of the acquisition, the insider now directly owns 50,099 shares in the company, valued at $540,067.22. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. In the last quarter, insiders bought 6,519 shares of company stock valued at $70,760. Company insiders own 0.44% of the company’s stock.

CION Investment Stock Performance

NYSE CION opened at $11.74 on Thursday. The business’s fifty day moving average is $11.06 and its 200 day moving average is $10.98. CION Investment Co. has a fifty-two week low of $9.16 and a fifty-two week high of $12.00. The company has a market capitalization of $631.81 million, a PE ratio of 6.67 and a beta of 1.19.

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 return on equity of 12.33% and a net margin of 37.97%. The firm had revenue of $60.00 million for the quarter.

CION Investment Announces Dividend

The company also recently announced 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. This represents a $1.36 dividend on an annualized basis and a dividend yield of 11.59%. The ex-dividend date of this dividend was Thursday, March 21st. CION Investment’s dividend payout ratio (DPR) is 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.