CION Investment Co. (NYSE:CION) Director Robert A. Breakstone Purchases 1,000 Shares

CION Investment Co. (NYSE:CION) Director Robert A. Breakstone bought 1,000 shares of the stock in a transaction on Monday, August 12th. The shares were acquired at an average cost of $11.89 per share, with a total value of $11,890.00. Following the purchase, the director now owns 11,880 shares of the company’s stock, valued at approximately $141,253.20. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

CION Investment Trading Up 0.6 %

NYSE:CION traded up $0.07 on Tuesday, reaching $11.90. 81,562 shares of the stock traded hands, compared to its average volume of 248,744. The firm has a market capitalization of $637.71 million, a price-to-earnings ratio of 4.85 and a beta of 1.19. The company’s 50 day moving average is $12.18 and its 200-day moving average is $11.63. CION Investment Co. has a 1-year low of $9.65 and a 1-year high of $12.69.

CION Investment Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 12.10%. The ex-dividend date of this dividend is Tuesday, September 3rd. CION Investment’s dividend payout ratio (DPR) is 59.02%.

Analysts Set New Price Targets

Separately, Wells Fargo & Company upped their price objective on CION Investment from $11.50 to $12.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 15th.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in CION. Tidemark LLC bought a new position in shares of CION Investment in the fourth quarter valued at $26,000. YHB Investment Advisors Inc. purchased a new stake in shares of CION Investment in the first quarter valued at about $27,000. Lazard Asset Management LLC purchased a new stake in shares of CION Investment in the first quarter valued at about $37,000. Creekmur Asset Management LLC purchased a new stake in shares of CION Investment in the fourth quarter valued at about $42,000. Finally, LSV Asset Management purchased a new stake in shares of CION Investment in the fourth quarter valued at about $66,000. 32.01% of the stock is owned by institutional investors.

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.