EPG Wealth Management LLC increased its stake in CION Investments (NYSE: CION – Get Rating) by 50.1% in the third quarter, according to its latest Form 13F filed with the Securities and Exchange Commission. The fund owned his 99,819 shares of the company’s stock after acquiring an additional 33,335 shares during the period. EPG Wealth Management LLC owned his 0.18% of CION Investment worth $848,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently changed positions in the company. Allworth Financial LP increased his stake in CION Investment by 50.0% in the third quarter. Allworth Financial LP now owns 3,688 shares worth $31,000 after purchasing an additional 1,229 of his shares during the last quarter. Raymond James Financial Services Advisors Inc. increased his stake in CION Investment by 6.1% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 26,571 shares of the company worth $393,000 after he purchased an additional 1,536 shares during the previous quarter. Heirloom Wealth Management increased its stake in CION Investment by 11.9% in the second quarter. Heirloom Wealth Management now owns 16,275 shares worth $152,000 after purchasing an additional 1,726 shares last quarter. Gradient Investments LLC increased its stake in CION Investment by 221.4% in the third quarter. Gradient Investments LLC now owns 3,066 shares of the company, valued at $26,000, after purchasing an additional 2,112 shares in the previous quarter. Finally, Signaturefd LLC increased its stake in CION Investment’s stake by 109.7% in the third quarter. Signaturefd LLC now owns 4,665 shares of the company after purchasing an additional 2,440 shares last quarter. Currently 27.22% of the shares are owned by institutional investors and hedge funds.
Wall Street Analyst Predicts Growth
Separately, Wells Fargo & Company raised its price target on CION Investments stock from $9.50 to $10.25 in its research notes on Friday, November 11, giving the stock an “overweight” rating. .
CION Investment Price Performance
Shares of CION Investment dropped $0.17 to reach $9.90 during Friday’s trading. The company’s stock had a trading volume of 38,954 shares for him, with an average trading volume of 148,745 shares. CION Investment Co. has a 52-week low of $7.83 and a 52-week high of $15.09. The stock has a market cap of $548.73 million, a price/earnings ratio of 10.07 and a beta of 1.46. The stock has a 50-day moving average price of $10.71 and a 200-day moving average price of $10.07.
Dividend increase due to investment in CION
The company recently announced a dividend paid on Tuesday, January 31st. A dividend of $0.27 was issued to investors of record on Friday, December 30th. This is a positive change from CION Investment’s previous dividend of $0.20. The ex-dividend date for this dividend was Thursday, December 29. This represents a yield of 11.8% for him. CION Investment’s payout rate is currently 124.00%.
CION Investment Company Profile
Shion Investment Corporation is a business development company. We specialize in investing in senior secured loans such as unitranche loans, first lien, second lien loans, long-term subordinated loans and mezzanine loans. Equity interests such as warrants and options. and corporate bonds. and other debt securities of mid-market companies.
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