CION Investment (NYSE:CION) Announces Quarterly Earnings Results

CION Investment (NYSE:CION) released its quarterly earnings data 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 firm had revenue of $73.55 million during the quarter.

CION Investment Trading Up 1.8 %

CION stock traded up $0.22 on Friday, hitting $12.13. The company’s stock had a trading volume of 207,688 shares, compared to its average volume of 285,648. The stock has a market cap of $653.08 million, a price-to-earnings ratio of 6.77 and a beta of 1.19. CION Investment has a 1 year low of $9.16 and a 1 year high of $12.23. The firm has a 50 day moving average of $11.10 and a two-hundred day moving average of $11.00.

CION Investment Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 22nd were paid a dividend of $0.34 per share. The ex-dividend date was Thursday, March 21st. This represents a $1.36 dividend on an annualized basis and a dividend yield of 11.21%. CION Investment’s payout ratio is 77.27%.

Insider Transactions at CION Investment

In related news, insider Gregg A. Bresner bought 4,000 shares of the company’s stock in a transaction on Wednesday, March 20th. The stock was bought at an average cost of $10.78 per share, with a total value of $43,120.00. Following the completion of the acquisition, the insider now owns 50,099 shares in the company, valued at approximately $540,067.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Over the last quarter, insiders acquired 6,519 shares of company stock worth $70,760. 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.