CION Investment (NYSE:CION) Issues Earnings Results

CION Investment (NYSE:CION) posted its quarterly earnings results on Thursday. The company reported $0.60 earnings per share (EPS) for the quarter, Zacks reports. CION Investment had a net margin of 37.97% and a return on equity of 12.33%. The company had revenue of $73.55 million for the quarter.

CION Investment Price Performance

Shares of CION stock traded up $0.15 during trading hours on Friday, reaching $12.06. The stock had a trading volume of 231,891 shares, compared to its average volume of 285,878. CION Investment has a twelve month low of $9.16 and a twelve month high of $12.23. The firm has a 50-day simple moving average of $11.10 and a 200-day simple moving average of $11.00. The firm has a market capitalization of $649.31 million, a PE ratio of 6.89 and a beta of 1.19.

CION Investment Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 22nd were issued a $0.34 dividend. The ex-dividend date of this dividend was Thursday, March 21st. This represents a $1.36 dividend on an annualized basis and a dividend yield of 11.28%. CION Investment’s dividend payout ratio (DPR) is presently 77.27%.

Insider Buying and Selling

In related news, insider Gregg A. Bresner bought 4,000 shares of the stock in a transaction on Wednesday, March 20th. The shares were purchased at an average price of $10.78 per share, with a total value of $43,120.00. Following the purchase, the insider now owns 50,099 shares in the company, valued at $540,067.22. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have bought a total of 6,519 shares of company stock valued at $70,760 in the last quarter. Company insiders own 0.44% of the company’s stock.

CION Investment Company 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.