Founders Financial Alliance LLC Has $248,000 Stake in CION Investment Co. (NYSE:CION)

Founders Financial Alliance LLC increased its stake in shares of CION Investment Co. (NYSE:CION) by 5.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 21,769 shares of the company’s stock after acquiring an additional 1,086 shares during the period. Founders Financial Alliance LLC’s holdings in CION Investment were worth $248,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Hennion & Walsh Asset Management Inc. grew its holdings in CION Investment by 14.1% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 504,411 shares of the company’s stock valued at $5,750,000 after buying an additional 62,365 shares during the last quarter. Jane Street Group LLC acquired a new stake in CION Investment in the 3rd quarter valued at approximately $161,000. A&I Financial Services LLC acquired a new stake in CION Investment in the 4th quarter valued at approximately $386,000. Whipplewood Advisors LLC acquired a new stake in CION Investment in the 4th quarter valued at approximately $466,000. Finally, Arete Wealth Advisors LLC grew its holdings in CION Investment by 67.6% in the 3rd quarter. Arete Wealth Advisors LLC now owns 28,275 shares of the company’s stock valued at $337,000 after buying an additional 11,408 shares during the last quarter. Institutional investors and hedge funds own 32.01% of the company’s stock.

CION Investment Price Performance

CION Investment stock opened at $12.10 on Wednesday. The company has a market capitalization of $644.49 million, a PE ratio of 8.23 and a beta of 1.11. CION Investment Co. has a one year low of $10.52 and a one year high of $12.71. The business has a 50 day simple moving average of $11.77 and a 200 day simple moving average of $11.75.

CION Investment Dividend Announcement

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

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.