Berger Financial Group Inc Purchases 55,492 Shares of CION Investment Corporation (NYSE:CION)

Berger Financial Group Inc lifted its position in shares of CION Investment Corporation (NYSE:CION - Free Report) by 17.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 381,926 shares of the company's stock after acquiring an additional 55,492 shares during the period. Berger Financial Group Inc owned approximately 0.72% of CION Investment worth $3,953,000 as of its most recent filing with the Securities & Exchange Commission.A number of other hedge funds also recently added to or reduced their stakes in the company. Hollencrest Capital Management bought a new stake in shares of CION Investment in the 1st quarter worth $31,000. Ameriflex Group Inc. purchased a new stake in shares of CION Investment during the fourth quarter valued at $55,000. Aquatic Capital Management LLC bought a new stake in CION Investment in the 4th quarter worth about $103,000. Golden State Wealth Management LLC raised its position in CION Investment by 18.9% in the 1st quarter. Golden State Wealth Management LLC now owns 10,031 shares of the company's stock worth $104,000 after buying an additional 1,597 shares during the last quarter. Finally, Efficient Advisors LLC purchased a new position in CION Investment in the 1st quarter worth about $121,000. 32.01% of the stock is currently owned by hedge funds and other institutional investors. Get CION Investment alerts:CION Investment Stock PerformanceCION Investment stock opened at $10.72 on Friday. CION Investment Corporation has a one year low of $8.51 and a one year high of $12.71. The stock has a fifty day moving average of $9.63 and a 200 day moving average of $10.32. The stock has a market cap of $564.57 million, a PE ratio of -56.39 and a beta of 1.11. CION Investment (NYSE:CION - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.02). CION Investment had a negative net margin of 4.57% and a positive return on equity of 9.49%. The business had revenue of $52.24 million for the quarter, compared to analysts' expectations of $53.34 million. As a group, sell-side analysts predict that CION Investment Corporation will post 1.78 EPS for the current fiscal year. CION Investment Dividend AnnouncementThe firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd will be issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 13.4%. The ex-dividend date of this dividend is Tuesday, September 2nd. CION Investment's dividend payout ratio is currently -496.55%. Analyst Ratings ChangesCION has been the subject of a number of research analyst reports. Wells Fargo & Company reduced their price target on shares of CION Investment from $10.00 to $9.00 and set an "underweight" rating for the company in a research note on Monday, April 28th. Wall Street Zen upgraded shares of CION Investment from a "sell" rating to a "hold" rating in a report on Saturday.Read Our Latest Stock Analysis on CION InvestmentCION Investment Profile (Free Report)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.Featured StoriesFive stocks we like better than CION InvestmentStock Trading Terms - Stock Terms Every Investor Needs to KnowMarketBeat Week in Review – 08/04 - 08/08How to Calculate Retirement Income: MarketBeat’s CalculatorAirbnb Beats Earnings, But the Growth Story Is Losing AltitudeBest Stocks Under $10.00 Netflix Bulls vs. Bears: Who Wins This Pullback?This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in CION Investment Right Now?Before you consider CION Investment, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and CION Investment wasn't on the list.While CION Investment currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here