CION Investment Co. (NYSE:CION - Get Free Report) CEO Mark Gatto purchased 1,150 shares of CION Investment stock in a transaction dated Wednesday, March 27th. The shares were bought at an average price of $11.02 per share, with a total value of $12,673.00. Following the completion of the acquisition, the chief executive officer now directly owns 1,000 shares of the company's stock, valued at $11,020. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
CION Investment Price Performance
CION Investment stock opened at $11.00 on Friday. CION Investment Co. has a one year low of $8.99 and a one year high of $12.00. The stock has a market capitalization of $592.24 million, a PE ratio of 6.25 and a beta of 1.24. The business's fifty day moving average is $10.99 and its 200 day moving average is $10.83.
CION Investment Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 22nd were given a dividend of $0.34 per share. The ex-dividend date of this dividend was Thursday, March 21st. This represents a $1.36 annualized dividend and a dividend yield of 12.36%. CION Investment's dividend payout ratio (DPR) is presently 77.27%.
Institutional Inflows and Outflows
Elon’s New A.I. Device is About to Shock the World
From InvestorPlace | Ad
Using this device you see above…
Elon Musk just tested a new type of A.I. that according to Wired Magazine will usher in…
“The next step in human evolution.”
Click here to see the details because there’s a lot of money at stake.
Institutional investors and hedge funds have recently bought and sold shares of the company. Tidemark LLC purchased a new position in shares of CION Investment during the 4th quarter valued at about $26,000. IAG Wealth Partners LLC increased its stake in CION Investment by 1,628.9% in the 3rd quarter. IAG Wealth Partners LLC now owns 2,576 shares of the company's stock worth $27,000 after acquiring an additional 2,427 shares during the last quarter. FinTrust Capital Advisors LLC bought a new stake in CION Investment in the 3rd quarter worth approximately $37,000. Almanack Investment Partners LLC. bought a new position in shares of CION Investment during the 3rd quarter valued at approximately $39,000. Finally, Tyler Stone Wealth Management bought a new position in shares of CION Investment during the 2nd quarter valued at approximately $40,000. 32.01% of the stock is owned by hedge funds and other institutional investors.
CION Investment Company Profile
(
Get Free Report)
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
