Arkadios Wealth Advisors lifted its stake in CION Investment Co. (NYSE:CION) by 60.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 293,578 shares of the company's stock after purchasing an additional 110,736 shares during the quarter. Arkadios Wealth Advisors' holdings in CION Investment were worth $2,495,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Gradient Investments LLC raised its position in shares of CION Investment by 221.4% in the 3rd quarter. Gradient Investments LLC now owns 3,066 shares of the company's stock valued at $26,000 after purchasing an additional 2,112 shares during the last quarter. Tyler Stone Wealth Management purchased a new position in shares of CION Investment in the 2nd quarter valued at approximately $27,000. IAG Wealth Partners LLC purchased a new position in shares of CION Investment in the 2nd quarter valued at approximately $29,000. Allworth Financial LP raised its position in shares of CION Investment by 50.0% in the 3rd quarter. Allworth Financial LP now owns 3,688 shares of the company's stock valued at $31,000 after purchasing an additional 1,229 shares during the last quarter. Finally, Atticus Wealth Management LLC raised its position in shares of CION Investment by 1,065.3% in the 2nd quarter. Atticus Wealth Management LLC now owns 5,535 shares of the company's stock valued at $48,000 after purchasing an additional 5,060 shares during the last quarter. 27.22% of the stock is owned by hedge funds and other institutional investors.
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Analysts Set New Price Targets
Separately, Wells Fargo & Company increased their price objective on shares of CION Investment from $9.50 to $10.25 and gave the company an "overweight" rating in a research report on Friday, November 11th.
Insiders Place Their Bets
In other CION Investment news, CFO Keith S. Franz purchased 10,000 shares of CION Investment stock in a transaction on Wednesday, November 30th. The stock was bought at an average cost of $10.01 per share, with a total value of $100,100.00. Following the transaction, the chief financial officer now owns 55,500 shares of the company's stock, valued at approximately $555,555. In the last ninety days, insiders acquired 12,000 shares of company stock valued at $120,550. 0.25% of the stock is owned by insiders.
CION Investment Trading Down 0.1 %
CION opened at $10.28 on Wednesday. CION Investment Co. has a 12-month low of $7.83 and a 12-month high of $15.09. The firm has a market capitalization of $569.82 million, a PE ratio of 10.28 and a beta of 1.56. The firm has a 50 day moving average of $9.98 and a two-hundred day moving average of $9.46.
CION Investment Increases Dividend
The firm also recently declared a — dividend, which will be paid on Tuesday, January 31st. Shareholders of record on Friday, December 30th will be given a dividend of $0.27 per share. The ex-dividend date of this dividend is Thursday, December 29th. This is a positive change from CION Investment's previous — dividend of $0.20. This represents a yield of 11.8%. CION Investment's dividend payout ratio (DPR) is currently 124.00%.
About CION Investment
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.
根据最近提交给美国证券交易委员会的文件,Arkadios Wealth Advisors在第三季度将其在CION Investment Co. (NYSE:CION)的股份提高了60.6%。该基金在本季度增持了110,736股该公司股票,拥有293,578股。Arkadios Wealth Advisors在最近的SEC文件中,持有的CION Investment价值2,495,000美元。
其他对冲基金和其他机构投资者最近也修改了对该公司的持股。Gradient Investments LLC在第三季度将其在CION Investment的股份增加了221.4%。Gradient Investments LLC在上一季度增购了2,112股后,现在拥有3,066股该公司股票,价值26,000美元。 Tyler Stone Wealth Management在第二季度购买了CION Investment的新股票,价值约为27,000美元。 IAG Wealth Partners LLC在第二季度购买了CION Investment的新股票,价值约为29,000美元。 Allworth Financial LP在第三季度将其在CION Investment的股份增加了50.0%。Allworth Financial LP现在拥有3,688股该公司的股票,价值31,000美元,此前在上一季度增购了1,229股。 最后,Atticus Wealth Management LLC在第二季度将其在CION Investment的股票持仓提高了1065.3%。Atticus Wealth Management LLC在上一季度增购了5,060股后,现在拥有该公司5,535股股票,价值48,000美元。27.22%的股票由对冲基金和其他机构投资者拥有。
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分析师设定新的价格目标
另外,富国银行在11月11日星期五的研究报告中,将CION Investment的股票价格目标从9.5美元提高到10.25美元,并给予该公司 "超重 "评级。
内部人士交易
在其他CION Investment的新闻中,首席财务官Keith S. Franz在11月30日星期三的交易中购买了10,000股CION投资的股票。该股票的平均购买成本为每股10.01美元,总价值为100,100.00美元。交易后,首席财务官现在拥有该公司55,500股股票,价值约为555,555美元。 在过去的九十天里,内部人士收购了12,000股公司股票,价值120,550美元。0.25%的股票由内部人士拥有。
CION投资交易下跌0.1%
CION周三开盘价为10.28美元。CION投资公司的12个月最低价为7.83美元,12个月最高价为15.09美元。该公司的市值为5.6982亿美元,市盈率为10.28,β值为1.56。该公司的50天移动平均线为9.98美元,两百天移动平均线为9.46美元。
CION Investment增加了股息
该公司最近还宣布了一项--股息,将于1月31日星期二支付。在12月30日(星期五)登记在册的股东将获得每股0.27美元的股息。这次股息的除息日是12月29日(星期四)。这与CION Investment之前的0.20美元的股息相比,是一个积极的变化。这意味着收益率为11.8%。CION Investment的股息支付率(DPR)目前为124.00%。
关于CION Investment
CION Investment是一家商业开发公司。它专门投资于高级担保贷款,包括单元贷款、第一留置权、第二留置权贷款、长期次级贷款和夹层贷款;股权,如认股权证或期权;以及公司债券;和其他中间市场公司的债务证券。