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Peter I. Finlay, a director at CION Investment Corp (NYSE:CION), recently acquired 200 shares of common stock, according to a recent filing with the Securities and Exchange Commission. The shares were purchased at a price of $9.66 each, amounting to a total transaction value of $1,932. The purchase comes as CION, with a market capitalization of $511 million, offers a substantial dividend yield of 15.9%. InvestingPro analysis shows the stock has declined 11.4% over the past six months.
Following this transaction, Finlay holds a total of 2,750 shares indirectly through a self-employed pension plan, where he has sole voting and investment power. The acquisition reflects Finlay’s continued interest in CION Investment Corp, a company known for its focus on investment opportunities and financial growth. According to InvestingPro data, analysts maintain price targets ranging from $9 to $12.50, with expectations of positive net income growth this year. For deeper insights into CION’s financial health and growth prospects, investors can access the comprehensive Pro Research Report, available exclusively on InvestingPro.
In other recent news, Cion Investment Corporation reported an earnings miss for Q1 2025, with an actual EPS of -$0.80, significantly below the forecasted $0.3467. Despite this, the company’s revenue exceeded expectations, reaching $56.07 million against a forecast of $52.26 million. Cion Investment’s net investment income increased to $19.3 million from $18.7 million in the previous quarter, although total investment income decreased by 3% to $56.1 million. The company’s net asset value (NAV) per share fell by 7.5% to $14.28, signaling potential challenges in asset management. In terms of strategic moves, Cion made new investments in Summit Hills Foods and other portfolio companies, highlighting its growth efforts. The company also maintains a defensive portfolio strategy, focusing on first lien investments. Cion’s management has been selective with new investments, reflecting caution in a challenging environment. Despite the earnings miss, the company continues to pay a quarterly base distribution of $0.36 per share and anticipates improved loan spreads and credit terms due to macroeconomic conditions.
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