Cooper Financial Group Has $602,000 Stake in CION Investment Co. (NYSE:CION)

Cooper Financial Group reduced its holdings in CION Investment Co. (NYSE:CION) by 2.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,808 shares of the company’s stock after selling 1,439 shares during the quarter. Cooper Financial Group owned approximately 0.10% of CION Investment worth $602,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Mercer Global Advisors Inc. ADV grew its holdings in CION Investment by 20.0% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 46,980 shares of the company’s stock worth $569,000 after acquiring an additional 7,832 shares during the last quarter. AE Wealth Management LLC grew its stake in shares of CION Investment by 18.5% during the second quarter. AE Wealth Management LLC now owns 29,022 shares of the company’s stock valued at $352,000 after purchasing an additional 4,533 shares during the last quarter. Sei Investments Co. acquired a new stake in shares of CION Investment in the second quarter valued at approximately $316,000. Beck Capital Management LLC raised its position in CION Investment by 17.5% in the 2nd quarter. Beck Capital Management LLC now owns 27,714 shares of the company’s stock worth $336,000 after purchasing an additional 4,118 shares during the last quarter. Finally, Magnetar Financial LLC acquired a new position in CION Investment during the 2nd quarter worth $390,000. 32.01% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CION has been the subject of several research reports. Oppenheimer began coverage on CION Investment in a research note on Tuesday, October 8th. They issued a “market perform” rating and a $13.00 target price for the company. Wells Fargo & Company lowered their price objective on CION Investment from $12.00 to $11.50 and set an “equal weight” rating for the company in a research report on Tuesday, October 29th.

CION Investment Price Performance

Shares of NYSE CION opened at $11.07 on Tuesday. The company’s 50 day simple moving average is $11.49 and its 200 day simple moving average is $11.83. CION Investment Co. has a fifty-two week low of $10.52 and a fifty-two week high of $12.69. The firm has a market capitalization of $589.88 million, a P/E ratio of 7.53 and a beta of 1.13.

CION Investment Announces Dividend

The business also recently declared an annual dividend, which will be paid on Monday, January 27th. Stockholders of record on Monday, December 30th will be given a $0.05 dividend. The ex-dividend date is Monday, December 30th. This represents a dividend yield of 0.43%. CION Investment’s dividend payout ratio is currently 97.96%.

CION Investment Company Profile

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.