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

CION Investment (NYSE:CION) issued its earnings results on Thursday. The company reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.01), Zacks reports. CION Investment had a return on equity of 11.49% and a net margin of 31.21%.

CION Investment Stock Down 3.6 %

CION traded down $0.44 during trading on Thursday, reaching $11.61. 112,503 shares of the company were exchanged, compared to its average volume of 249,189. The company’s 50-day moving average is $11.78 and its two-hundred day moving average is $11.75. CION Investment has a 12-month low of $10.52 and a 12-month high of $12.71. The company has a market cap of $618.38 million, a price-to-earnings ratio of 7.89 and a beta of 1.11.

CION Investment Announces Dividend

The business also recently declared an annual dividend, which was paid on Monday, January 27th. Investors of record on Monday, December 30th were given a dividend of $0.05 per share. The ex-dividend date was Monday, December 30th. This represents a yield of 0.43%. CION Investment’s 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.