Concurrent Investment Advisors LLC Grows Holdings in CION Investment Co. (NYSE:CION)

Concurrent Investment Advisors LLC grew its holdings in CION Investment Co. (NYSE:CION) by 2.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 42,822 shares of the company’s stock after purchasing an additional 1,093 shares during the period. Concurrent Investment Advisors LLC owned about 0.08% of CION Investment worth $488,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Private Advisor Group LLC increased its stake in CION Investment by 2.5% in the fourth quarter. Private Advisor Group LLC now owns 667,922 shares of the company’s stock worth $7,614,000 after purchasing an additional 16,417 shares during the period. Atria Wealth Solutions Inc. increased its stake in CION Investment by 4.6% in the fourth quarter. Atria Wealth Solutions Inc. now owns 73,555 shares of the company’s stock worth $839,000 after purchasing an additional 3,243 shares during the period. Van ECK Associates Corp grew its position in shares of CION Investment by 1.7% during the 4th quarter. Van ECK Associates Corp now owns 1,329,799 shares of the company’s stock worth $15,160,000 after buying an additional 21,825 shares in the last quarter. Entropy Technologies LP bought a new position in shares of CION Investment during the 4th quarter worth $138,000. Finally, Apollon Wealth Management LLC grew its position in shares of CION Investment by 15.5% during the 4th quarter. Apollon Wealth Management LLC now owns 52,747 shares of the company’s stock worth $601,000 after buying an additional 7,060 shares in the last quarter. Hedge funds and other institutional investors own 32.01% of the company’s stock.

Analysts Set New Price Targets

Separately, Wells Fargo & Company dropped their price target 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 Trading Down 1.4 %

CION opened at $12.30 on Tuesday. CION Investment Co. has a 12-month low of $10.52 and a 12-month high of $12.69. The business’s fifty day simple moving average is $11.59 and its 200-day simple moving average is $11.73. The company has a market capitalization of $655.63 million, a price-to-earnings ratio of 8.37 and a beta of 1.13.

CION Investment Announces Dividend

The company also recently declared 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 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.