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

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

CION Investment Stock Performance

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

CION Investment Announces Dividend

The firm also recently declared an annual dividend, which was paid on Monday, January 27th. Investors of record on Monday, December 30th were paid a dividend of $0.05 per share. This represents a dividend yield of 0.43%. The ex-dividend date was Monday, December 30th. CION Investment’s dividend payout ratio (DPR) is 97.96%.

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.