Gregg A. Bresner, President and Chief Investment Officer of CION Investment Corp (NYSE:CION), recently made notable acquisitions of the company’s stock while it trades near its 52-week low of $10.52. According to a recent SEC filing, Bresner purchased a total of 3,000 shares over two days, March 18 and March 19, 2025. The transactions were executed at prices ranging from $10.72 to $10.98 per share, amounting to a total investment of $32,420. InvestingPro analysis indicates the stock is currently in oversold territory, potentially presenting a buying opportunity.
Following these purchases, Bresner now holds 62,599 shares, including those held indirectly through investment retirement accounts. The transactions reflect Bresner’s continued confidence in CION Investment Corp, a company based in New York specializing in investment management. The $578.52M market cap company maintains a strong financial health score of "GOOD" according to InvestingPro metrics, and currently offers an attractive 14.12% dividend yield. For deeper insights into insider trading patterns and comprehensive analysis, investors can access the detailed Pro Research Report, available exclusively on InvestingPro.
In other recent news, Cion Investment Corp reported its fourth-quarter and full-year 2024 earnings, meeting analyst expectations with an earnings per share (EPS) of $0.35. The company exceeded revenue forecasts, reporting $57.89 million against the expected $54.11 million. Despite these results, Cion Investment’s stock price fell in pre-market trading, indicating investor concerns over future market conditions and company guidance. The company’s total investment income for 2024 rose slightly to $252.4 million from $251 million in 2023, although net investment income declined to $95.9 million, or $1.79 per share, from $1.92 the previous year. Cion Investment maintains a strong balance sheet with total assets of $1.9 billion and total equity of $821 million. The company continues to focus on strategic investments in digital platforms and debt refinancing, maintaining a defensive portfolio strategy with 86% in first lien investments. Looking forward, Cion Investment plans a cautious investment approach, projecting a base distribution of $0.36 per share for the first quarter. The firm emphasizes a flexible funding structure to adapt to market changes in 2025.
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