CION Investment (CION) Scheduled to Post Quarterly Earnings on Thursday

CION Investment (NYSE:CION) will be posting its quarterly earnings results before the market opens on Thursday, May 9th.

CION Investment (NYSE:CION) last posted its quarterly earnings results on Thursday, March 14th. The company reported $0.40 earnings per share 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 for the quarter.

CION Investment Trading Down 0.3 %

Shares of CION opened at $11.39 on Thursday. The stock’s 50-day moving average price is $11.01 and its two-hundred day moving average price is $10.94. The stock has a market cap of $613.28 million, a P/E ratio of 6.47 and a beta of 1.24. CION Investment has a 1 year low of $8.99 and a 1 year high of $12.00.

CION Investment Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 22nd were given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 11.94%. The ex-dividend date of this dividend was Thursday, March 21st. CION Investment’s dividend payout ratio is 77.27%.

Insider Transactions at CION Investment

In other CION Investment news, insider Gregg A. Bresner acquired 4,000 shares of the stock in a transaction dated Wednesday, March 20th. The shares were bought at an average cost of $10.78 per share, for a total transaction of $43,120.00. Following the completion of the acquisition, the insider now directly owns 50,099 shares of the company’s stock, valued at $540,067.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders bought 6,519 shares of company stock valued at $70,760 over the last three months. Company insiders own 0.44% of the company’s stock.

About CION Investment

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.