Paradigm Financial Partners LLC Has $1.64 Million Stock Holdings in CION Investment Co. (NYSE:CION)

Paradigm Financial Partners LLC cut its stake in CION Investment Co. (NYSE:CION) by 18.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 144,675 shares of the company’s stock after selling 33,300 shares during the period. Paradigm Financial Partners LLC owned approximately 0.27% of CION Investment worth $1,636,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Great Valley Advisor Group Inc. increased its stake in shares of CION Investment by 8.9% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 13,630 shares of the company’s stock valued at $144,000 after purchasing an additional 1,111 shares during the last quarter. Strategic Blueprint LLC increased its stake in shares of CION Investment by 6.3% in the 4th quarter. Strategic Blueprint LLC now owns 25,527 shares of the company’s stock valued at $289,000 after purchasing an additional 1,520 shares during the last quarter. Mariner LLC increased its stake in shares of CION Investment by 3.8% in the 3rd quarter. Mariner LLC now owns 43,539 shares of the company’s stock valued at $460,000 after purchasing an additional 1,575 shares during the last quarter. International Assets Investment Management LLC increased its stake in shares of CION Investment by 2.2% in the 4th quarter. International Assets Investment Management LLC now owns 77,766 shares of the company’s stock valued at $880,000 after purchasing an additional 1,702 shares during the last quarter. Finally, Sigma Planning Corp grew its position in CION Investment by 0.6% during the 3rd quarter. Sigma Planning Corp now owns 303,887 shares of the company’s stock worth $3,212,000 after acquiring an additional 1,896 shares during the last quarter. Institutional investors own 32.01% of the company’s stock.

CION Investment Price Performance

CION stock traded up $0.09 during midday trading on Friday, reaching $11.44. 203,422 shares of the stock were exchanged, compared to its average volume of 232,298. The stock has a market capitalization of $615.93 million, a PE ratio of 6.50 and a beta of 1.24. CION Investment Co. has a 52 week low of $8.99 and a 52 week high of $12.00. The company has a fifty day moving average price of $10.99 and a 200 day moving average price of $10.91.

CION Investment (NYSE:CION) last issued its quarterly earnings data on Thursday, March 14th. The company reported $0.40 earnings per share for the quarter. The business had revenue of $60.00 million for the quarter. CION Investment had a return on equity of 12.33% and a net margin of 37.97%.

CION Investment Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 22nd were issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 11.89%. The ex-dividend date of this dividend was Thursday, March 21st. CION Investment’s payout ratio is presently 77.27%.

Insiders Place Their Bets

In related news, insider Gregg A. Bresner bought 4,000 shares of the business’s stock in a transaction on Wednesday, March 20th. The shares were purchased at an average cost of $10.78 per share, with a total value of $43,120.00. Following the acquisition, the insider now owns 50,099 shares of the company’s stock, valued at $540,067.22. The purchase was disclosed in a filing with the SEC, which is available through this link. In the last three months, insiders have purchased 6,519 shares of company stock valued at $70,760. 0.44% of the stock is currently owned by company insiders.

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.