Sigma Planning Corp Acquires 19,106 Shares of CION Investment Co. (NYSE:CION)

Sigma Planning Corp boosted its holdings in CION Investment Co. (NYSE:CION) by 6.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 325,766 shares of the company’s stock after acquiring an additional 19,106 shares during the period. Sigma Planning Corp owned 0.61% of CION Investment worth $3,714,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the business. Concurrent Investment Advisors LLC raised its stake in CION Investment by 2.6% in the 4th quarter. Concurrent Investment Advisors LLC now owns 42,822 shares of the company’s stock valued at $488,000 after acquiring an additional 1,093 shares during the period. Endowment Wealth Management Inc. raised its stake in CION Investment by 2.6% in the 3rd quarter. Endowment Wealth Management Inc. now owns 58,330 shares of the company’s stock valued at $694,000 after acquiring an additional 1,489 shares during the period. Beck Capital Management LLC increased its position in CION Investment by 6.5% during the 3rd quarter. Beck Capital Management LLC now owns 29,511 shares of the company’s stock worth $351,000 after buying an additional 1,797 shares during the period. Townsquare Capital LLC increased its position in CION Investment by 7.0% during the 3rd quarter. Townsquare Capital LLC now owns 31,438 shares of the company’s stock worth $374,000 after buying an additional 2,061 shares during the period. Finally, Acorn Financial Advisory Services Inc. ADV increased its position in CION Investment by 0.9% during the 3rd quarter. Acorn Financial Advisory Services Inc. ADV now owns 253,353 shares of the company’s stock worth $3,015,000 after buying an additional 2,267 shares during the period. Institutional investors own 32.01% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Wells Fargo & Company lowered their price objective on CION Investment from $12.00 to $11.50 and set an “equal weight” rating on the stock in a research report on Tuesday, October 29th.

CION Investment Price Performance

CION stock opened at $12.51 on Friday. The stock has a market capitalization of $666.39 million, a price-to-earnings ratio of 8.51 and a beta of 1.13. The business’s fifty day moving average price is $11.58 and its two-hundred day moving average price is $11.73. CION Investment Co. has a fifty-two week low of $10.52 and a fifty-two week high of $12.69.

CION Investment Dividend Announcement

The company also recently disclosed an annual dividend, which was paid on Monday, January 27th. Shareholders of record on Monday, December 30th were given a dividend of $0.05 per share. This represents a yield of 0.43%. The ex-dividend date 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.