Consolidated Portfolio Review Corp Invests $417,000 in CION Investment Co. (NYSE:CION)

Consolidated Portfolio Review Corp bought a new position in CION Investment Co. (NYSE:CION) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 36,610 shares of the company’s stock, valued at approximately $417,000. Consolidated Portfolio Review Corp owned 0.07% of CION Investment at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sei Investments Co. purchased a new position in shares of CION Investment in the 2nd quarter worth about $316,000. Marshall Wace LLP acquired a new stake in CION Investment during the 2nd quarter worth approximately $164,000. Strong Tower Advisory Services raised its holdings in CION Investment by 1,469.2% in the third quarter. Strong Tower Advisory Services now owns 196,199 shares of the company’s stock valued at $2,335,000 after buying an additional 183,696 shares during the period. Private Advisor Group LLC lifted its position in CION Investment by 5.5% during the third quarter. Private Advisor Group LLC now owns 651,505 shares of the company’s stock valued at $7,753,000 after buying an additional 34,061 shares in the last quarter. Finally, International Assets Investment Management LLC grew its stake in CION Investment by 1,090.0% during the third quarter. International Assets Investment Management LLC now owns 871,080 shares of the company’s stock worth $103,660,000 after buying an additional 797,880 shares during the period. Institutional investors and hedge funds own 32.01% of the company’s stock.

Analyst Ratings Changes

Separately, Wells Fargo & Company decreased their price target on shares of CION Investment from $12.00 to $11.50 and set an “equal weight” rating for the company in a research report on Tuesday, October 29th.

CION Investment Stock Performance

Shares of NYSE:CION opened at $11.64 on Friday. The business’s 50-day simple moving average is $11.46 and its 200 day simple moving average is $11.73. The company has a market cap of $620.03 million, a P/E ratio of 7.91 and a beta of 1.13. CION Investment Co. has a one year low of $10.52 and a one year high of $12.69.

CION Investment (NYSE:CION) last posted its earnings results on Thursday, November 7th. The company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.02. The business had revenue of $59.63 million for the quarter, compared to analysts’ expectations of $57.75 million. CION Investment had a net margin of 31.21% and a return on equity of 11.49%. During the same period in the previous year, the company posted $0.55 earnings per share. Analysts predict that CION Investment Co. will post 1.78 earnings per share for the current year.

CION Investment Announces Dividend

The firm also recently announced an annual dividend, which was paid on Monday, January 27th. Stockholders of record on Monday, December 30th were given a dividend of $0.05 per share. This represents a dividend yield of 0.43%. The ex-dividend date of this dividend was Monday, December 30th. CION Investment’s payout ratio is 97.96%.

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.