Van ECK Associates Corp Has $15.16 Million Stock Position in CION Investment Co. (NYSE:CION)

Van ECK Associates Corp increased its holdings in CION Investment Co. (NYSE:CION) by 1.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,329,799 shares of the company’s stock after acquiring an additional 21,825 shares during the period. Van ECK Associates Corp’s holdings in CION Investment were worth $15,160,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. International Assets Investment Management LLC increased its position in CION Investment by 1,090.0% in the 3rd quarter. International Assets Investment Management LLC now owns 871,080 shares of the company’s stock worth $103,660,000 after purchasing an additional 797,880 shares during the last quarter. Hennion & Walsh Asset Management Inc. increased its holdings in CION Investment by 26.0% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 442,046 shares of the company’s stock worth $5,260,000 after buying an additional 91,221 shares during the last quarter. Franklin Resources Inc. lifted its stake in CION Investment by 13.6% in the third quarter. Franklin Resources Inc. now owns 358,956 shares of the company’s stock valued at $4,261,000 after acquiring an additional 43,076 shares during the last quarter. Consolidated Portfolio Review Corp bought a new stake in CION Investment in the fourth quarter worth approximately $417,000. Finally, Private Advisor Group LLC increased its stake in shares of CION Investment by 5.5% during the 3rd quarter. Private Advisor Group LLC now owns 651,505 shares of the company’s stock worth $7,753,000 after purchasing an additional 34,061 shares during the last quarter. Hedge funds and other institutional investors own 32.01% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Wells Fargo & Company decreased their price objective on shares of CION Investment from $12.00 to $11.50 and set an “equal weight” rating for the company in a report on Tuesday, October 29th.

CION Investment Stock Up 1.6 %

Shares of CION Investment stock opened at $12.17 on Friday. CION Investment Co. has a 12-month low of $10.52 and a 12-month high of $12.69. The stock has a market capitalization of $648.65 million, a P/E ratio of 8.28 and a beta of 1.13. The stock has a 50 day moving average price of $11.50 and a two-hundred day moving average price of $11.71.

CION Investment Announces Dividend

The company also recently announced an annual dividend, which was paid on Monday, January 27th. Investors of record on Monday, December 30th were paid a $0.05 dividend. The ex-dividend date of this dividend was Monday, December 30th. This represents a yield of 0.43%. CION Investment’s payout ratio is presently 97.96%.

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.