Catalina Capital Group LLC Purchases 4,306 Shares of CION Investment Co. (NYSE:CION)

Catalina Capital Group LLC lifted its stake in shares of CION Investment Co. (NYSE:CION) by 18.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 27,237 shares of the company’s stock after purchasing an additional 4,306 shares during the period. Catalina Capital Group LLC owned approximately 0.05% of CION Investment worth $324,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Lazard Asset Management LLC acquired a new position in shares of CION Investment during the first quarter worth approximately $37,000. Focused Wealth Management Inc acquired a new position in CION Investment in the third quarter valued at approximately $120,000. First Heartland Consultants Inc. acquired a new position in CION Investment in the second quarter valued at approximately $145,000. Fullcircle Wealth LLC acquired a new position in CION Investment in the second quarter valued at approximately $156,000. Finally, Atomi Financial Group Inc. lifted its holdings in CION Investment by 8.6% in the first quarter. Atomi Financial Group Inc. now owns 14,761 shares of the company’s stock valued at $162,000 after buying an additional 1,166 shares during the period. 32.01% of the stock is currently owned by institutional investors and hedge funds.

CION Investment Stock Performance

Shares of NYSE:CION opened at $11.87 on Thursday. CION Investment Co. has a 52 week low of $10.14 and a 52 week high of $12.69. The company has a market capitalization of $634.45 million, a PE ratio of 5.05 and a beta of 1.18. The company has a 50 day moving average price of $11.86 and a two-hundred day moving average price of $12.03.

CION Investment (NYSE:CION) last issued its earnings results on Thursday, August 8th. The company reported $0.43 EPS for the quarter. CION Investment had a net margin of 48.50% and a return on equity of 12.39%. The firm had revenue of $61.36 million during the quarter. On average, sell-side analysts forecast that CION Investment Co. will post 1.77 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently weighed in on CION shares. Wells Fargo & Company cut their price objective on shares of CION Investment from $12.00 to $11.50 and set an “equal weight” rating on the stock in a report on Tuesday, October 29th. Oppenheimer started coverage on shares of CION Investment in a report on Tuesday, October 8th. They issued a “market perform” rating and a $13.00 price objective on the stock.

CION Investment 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.