CION Investment (CION) Set to Announce Quarterly Earnings on Thursday

CION Investment (NYSE:CIONGet Free Report) is scheduled to be issuing its quarterly earnings data before the market opens on Thursday, March 14th.

CION Investment Trading Up 0.6 %

CION stock opened at $11.05 on Tuesday. The company’s 50 day moving average is $11.07 and its 200 day moving average is $10.82. The stock has a market cap of $600.02 million, a price-to-earnings ratio of 11.16 and a beta of 1.24. CION Investment has a 1-year low of $8.99 and a 1-year high of $11.75.

CION Investment Increases Dividend

The business also recently disclosed a — dividend, which was paid on Wednesday, January 31st. Investors of record on Friday, December 22nd were given a $0.15 dividend. This represents a dividend yield of 12.1%. This is a boost from CION Investment’s previous — dividend of $0.05. The ex-dividend date was Thursday, December 21st. CION Investment’s dividend payout ratio is 137.37%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of CION. Tyler Stone Wealth Management purchased a new stake in CION Investment during the 2nd quarter valued at about $40,000. Almanack Investment Partners LLC. bought a new stake in CION Investment in the third quarter valued at approximately $39,000. Coppell Advisory Solutions Corp. bought a new stake in CION Investment in the fourth quarter valued at approximately $52,000. Tower Research Capital LLC TRC lifted its position in CION Investment by 151.1% in the second quarter. Tower Research Capital LLC TRC now owns 6,461 shares of the company’s stock valued at $67,000 after purchasing an additional 3,888 shares during the last quarter. Finally, Captrust Financial Advisors lifted its position in CION Investment by 84.4% in the second quarter. Captrust Financial Advisors now owns 7,317 shares of the company’s stock valued at $64,000 after purchasing an additional 3,350 shares during the last quarter. 31.08% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, TheStreet cut shares of CION Investment from a “c-” rating to a “d-” rating in a research report on Tuesday, November 21st.

Check Out Our Latest Analysis on CION Investment

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.

See Also

Earnings History for CION Investment (NYSE:CION)

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