Diversify Wealth Management LLC Acquires Shares of 193,776 CION Investment Co. (NYSE:CION)

Diversify Wealth Management LLC acquired a new stake in shares of CION Investment Co. (NYSE:CION) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 193,776 shares of the company’s stock, valued at approximately $2,250,000. Diversify Wealth Management LLC owned approximately 0.36% of CION Investment at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. Tidemark LLC bought a new stake in shares of CION Investment during the 4th quarter worth $26,000. YHB Investment Advisors Inc. bought a new stake in shares of CION Investment during the 1st quarter worth $27,000. Lazard Asset Management LLC bought a new stake in shares of CION Investment during the 1st quarter worth $37,000. Creekmur Asset Management LLC bought a new stake in shares of CION Investment during the 4th quarter worth $42,000. Finally, Diversify Advisory Services LLC bought a new stake in shares of CION Investment during the 1st quarter worth $145,000. 32.01% of the stock is currently owned by institutional investors.

CION Investment Price Performance

NYSE CION opened at $11.74 on Friday. The stock has a market capitalization of $627.50 million, a price-to-earnings ratio of 4.81 and a beta of 1.19. CION Investment Co. has a one year low of $9.65 and a one year high of $12.69. The business’s fifty day moving average is $12.09 and its 200-day moving average is $11.78.

CION Investment (NYSE:CION) last released its earnings results on Thursday, August 8th. The company reported $0.43 EPS for the quarter. The company had revenue of $61.36 million for the quarter. CION Investment had a return on equity of 12.39% and a net margin of 48.50%.

CION Investment Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 17th. Investors 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 yield of 12.27%. The ex-dividend date is Tuesday, September 3rd. CION Investment’s dividend payout ratio is currently 59.02%.

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.