CION Funding Co. (NYSE:CION) CEO Buys $10,350.00 in Inventory

CION Funding Co. (NYSE:CION – Get Score) CEO Michael A. Reisner purchased 1,000 shares of the corporate’s inventory in a transaction dated Wednesday, November twenty third. The inventory was bought at a mean price of $10.35 per share, for a complete transaction of $10,350.00. Following the completion of the transaction, the chief government officer now owns 38,397 shares of the corporate’s inventory, valued at $397,408.95. The acquisition was disclosed in a authorized submitting with the SEC, which is on the market at this hyperlink.

CION Funding Value Efficiency

CION traded up $0.14 on Friday, reaching $10.43. 85,765 shares of the corporate traded palms, in comparison with its common quantity of 200,636. The inventory’s 50 day shifting common worth is $9.31 and its 200-day shifting common worth is $9.54. CION Funding Co. has a 52-week low of $7.83 and a 52-week excessive of $15.09. The corporate has a market cap of $578.10 million and a price-to-earnings ratio of 10.29.

CION Funding Pronounces Dividend

The enterprise additionally not too long ago disclosed a quarterly dividend, which might be paid on Thursday, December eighth. Buyers of file on Thursday, December 1st might be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized foundation and a yield of 11.89%. The ex-dividend date of this dividend is Wednesday, November thirtieth. CION Funding’s payout ratio is presently 124.00%.

Analyst Upgrades and Downgrades

Individually, Wells Fargo & Firm boosted their worth goal on shares of CION Funding from $9.50 to $10.25 and gave the corporate an “obese” ranking in a analysis report on Friday, November eleventh.

Institutional Inflows and Outflows

Institutional traders and hedge funds have not too long ago added to or lowered their stakes within the inventory. Gradient Investments LLC grew its place in CION Funding by 221.4% through the third quarter. Gradient Investments LLC now owns 3,066 shares of the corporate’s inventory valued at $26,000 after buying a further 2,112 shares within the final quarter. Tyler Stone Wealth Administration purchased a brand new stake in CION Funding within the second quarter price roughly $27,000. IAG Wealth Companions LLC purchased a brand new stake in CION Funding within the second quarter price roughly $29,000. Allworth Monetary LP grew its place in CION Funding by 50.0% within the third quarter. Allworth Monetary LP now owns 3,688 shares of the corporate’s inventory price $31,000 after buying a further 1,229 shares within the final quarter. Lastly, Almitas Capital LLC purchased a brand new stake in CION Funding within the third quarter price roughly $34,000. 17.75% of the inventory is owned by hedge funds and different institutional traders.

CION Funding Firm Profile

(Get Score)

CION Funding Company is a enterprise improvement firm. It makes a speciality of investments in senior secured loans, together with unitranche loans, First Lien, second lien loans, long-term subordinated loans, and mezzanine loans; fairness pursuits resembling warrants or choices; and company bonds; and different debt securities in middle-market corporations.

See Additionally

Insider Buying and Selling by Quarter for CION Investment (NYSE:CION)

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