CION Investment (NYSE:CION) Releases Quarterly Earnings Results, Misses Estimates By $0.01 EPS

CION Investment (NYSE:CION) announced its earnings results on Thursday. The company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.01), Zacks reports. The company had revenue of $87.91 million for the quarter, compared to analyst estimates of $54.11 million. CION Investment had a return on equity of 11.49% and a net margin of 31.21%.

CION Investment Stock Performance

NYSE CION traded down $0.15 on Friday, reaching $11.38. The company had a trading volume of 258,420 shares, compared to its average volume of 260,461. The company’s fifty day moving average is $11.78 and its 200-day moving average is $11.75. The firm has a market capitalization of $606.13 million, a price-to-earnings ratio of 7.74 and a beta of 1.11. CION Investment has a 1-year low of $10.52 and a 1-year high of $12.71.

CION Investment Announces Dividend

The business also recently disclosed an annual dividend, which was paid on Monday, January 27th. Investors of record on Monday, December 30th were given a $0.05 dividend. The ex-dividend date of this dividend was Monday, December 30th. This represents a yield of 0.43%. CION Investment’s dividend payout ratio is currently 97.96%.

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.