CION Investment (CION) Scheduled to Post Earnings on Thursday

CION Investment (NYSE:CION) is scheduled to announce its earnings results before the market opens on Thursday, May 9th.

CION Investment (NYSE:CION) last issued its earnings results on Thursday, March 14th. The company reported $0.40 earnings per share for the quarter. CION Investment had a net margin of 37.97% and a return on equity of 12.33%. The company had revenue of $60.00 million for the quarter.

CION Investment Trading Up 0.2 %

CION stock opened at $11.61 on Tuesday. The firm has a 50 day moving average of $11.04 and a 200-day moving average of $10.97. The company has a market cap of $624.86 million, a price-to-earnings ratio of 6.59 and a beta of 1.19. CION Investment has a 12-month low of $9.16 and a 12-month high of $12.00.

CION Investment Dividend Announcement

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 dividend of $0.34 per share. The ex-dividend date was Thursday, March 21st. This represents a $1.36 annualized dividend and a yield of 11.72%. CION Investment’s dividend payout ratio is presently 77.27%.

Insiders Place Their Bets

In other CION Investment news, insider Gregg A. Bresner bought 4,000 shares of the company’s stock in a transaction on Wednesday, March 20th. The stock was purchased at an average cost of $10.78 per share, for a total transaction of $43,120.00. Following the acquisition, the insider now owns 50,099 shares of the company’s stock, valued at approximately $540,067.22. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Over the last ninety days, insiders have bought 6,519 shares of company stock worth $70,760. 0.44% of the stock is owned by corporate insiders.

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.