• Home
  • Finance
  • CION Investment Co. (NYSE:CION) Brief Interest Update

CION Investment Co. (NYSE:CION) Brief Interest Update

By on May 31, 2022 0

CION Investment Co. (NYSE: CION – Get a rating) was the target of a significant decline in short-term interest in May. As of May 15, there was short interest totaling 55,300 shares, down 19.0% from the total of 68,300 shares as of April 30. Based on an average daily volume of 166,100 shares, the short interest rate is currently 0.3 days. Approximately 0.1% of the company’s shares are sold short.

Separately, CFO Keith S. Franz bought 20,000 shares of the company in a deal that took place on Friday, May 13. The shares were purchased at an average cost of $10.50 per share, with a total value of $210,000.00. Following the completion of the acquisition, the CFO now directly owns 35,000 shares of the company, valued at approximately $367,500. The transaction was disclosed in a filing with the Securities & Exchange Commission, available at the SEC website. Additionally, CEO Mark Gatto purchased 5,000 shares of the company in a transaction that took place on Thursday, May 19. The stock was purchased at an average price of $10.98 per share, for a total transaction of $54,900.00. Following the completion of the acquisition, the CEO now directly owns 32,806 shares of the company, valued at $360,209.88. Disclosure of this purchase can be found here. In the past three months, insiders have purchased 26,500 shares of the company worth $284,010. Company insiders hold 0.11% of the company’s shares.

(A d)

What is the most productive stock you have ever owned? Dividends from these stocks have grown so rapidly over the years that they now earn us an average of 26%!

When you start getting paid 26% on your money, your financial troubles tend to evaporate.

Institutional investors have recently increased or reduced their stake in the company. Concourse Financial Group Securities Inc. purchased a new position in shares of CION Investment during the fourth quarter for a value of approximately $26,000. Lenox Wealth Advisors LLC increased its position in CION Investment shares by 100.1% during the first quarter. Lenox Wealth Advisors LLC now owns 2,757 shares of the company worth $34,000 after acquiring 1,379 additional shares in the last quarter. Focused Wealth Management Inc bought a new stock position in CION Investment during the fourth quarter worth approximately $42,000. Steward Partners Investment Advisory LLC purchased a new stock position in CION Investment during the fourth quarter worth approximately $44,000. Finally, TAP Consulting LLC bought a new stock position in CION Investment during the fourth quarter worth approximately $45,000. Institutional investors and hedge funds hold 3.48% of the company’s shares.

NYSE:CION shares traded down $0.46 on Tuesday, hitting $10.97. 4,895 shares of the company were traded, against an average volume of 157,419. The company has a market capitalization of $624.74 million and a price-earnings ratio of 10.30. CION Investment has a fifty-two week low of $9.95 and a fifty-two week high of $15.09. The company’s 50-day moving average is $12.00 and its two-hundred-day moving average is $12.65.

CION Investment (NYSE:CION- Get a rating) last reported results on Thursday, May 12. The company reported earnings per share of $0.34 for the quarter, beating analyst consensus estimates of $0.33 by $0.01. CION Investment posted a net margin of 47.28% and a return on equity of 8.18%.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 8. Shareholders of record on Wednesday, June 1 will receive a dividend of $0.28 per share. The ex-dividend date is Tuesday, May 31. This represents an annualized dividend of $1.12 and a dividend yield of 10.21%. This is a positive change from CION Investment’s previous quarterly dividend of $0.26. CION Investment’s dividend payout ratio is currently 100.90%.

Separately, Wells Fargo & Company lowered its price target on CION Investment shares from $12.50 to $11.50 and set an “equal weight” rating on the stock in a Monday, April 25 report. .

About CION Investment (Get a rating)

CION Investment Corporation is a business development company. It specializes in investments in senior secured loans, including unitranche loans, first lien loans, 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 alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]

Should you invest $1,000 in CION Investment right now?

Before you consider CION Investment, you’ll want to hear this.

MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes off…and CION Investment didn’t make the list.

Although CION Investment currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the 5 actions here