CION Investment (CION) Scheduled to Post Earnings on Thursday

Posted by Defense World Staff on May 7th, 2024

CION Investment (NYSE:CION – Get Free Report) is set to announce its earnings results before the market opens on Thursday, May 9th.

CION Investment (NYSE:CION – Get Free Report) last released its quarterly earnings data on Thursday, March 14th. The company reported $0.40 EPS for the quarter. CION Investment had a return on equity of 12.33% and a net margin of 37.97%. The company had revenue of $60.00 million during the quarter.

CION Investment Stock Performance

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

CION Investment Dividend Announcement

The firm 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 was Thursday, March 21st. This represents a $1.36 annualized dividend and a yield of 11.72%. CION Investment’s payout ratio is 77.27%.

Insider Buying and Selling

In other news, insider Gregg A. Bresner purchased 4,000 shares of the business’s stock in a transaction on Wednesday, March 20th. The stock was acquired at an average cost of $10.78 per share, for a total transaction of $43,120.00. Following the purchase, the insider now directly owns 50,099 shares in the company, valued at approximately $540,067.22. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In the last ninety days, insiders acquired 6,519 shares of company stock worth $70,760. 0.44% of the stock is owned by corporate insiders.

CION Investment Company Profile

(Get 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.