Diversify Wealth Management LLC acquired a new stake in shares of CION Investment Co. (NYSE:CION – Free Report) 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 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.
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