On November 12, 2024, Gregg Bresner, President & Chief Investment Officer of CION Invt Corp (CION, Financial), purchased 2,000 shares of the company. According to the SEC Filing, this transaction increased the insider's holdings to 59,599 shares.
CION Invt Corp operates as a business development company primarily engaged in providing loans to middle-market companies. The company's investment objective is to generate current income and capital appreciation by primarily lending to established middle market companies.
The transaction occurred when shares were priced at $11.41, valuing the purchase at $22,820. This price reflects a market cap of approximately $609.058 million for CION Invt Corp. The price-earnings ratio of the stock stands at 7.78, which is lower than the industry median of 11.435.
Based on the GF Value of $12.19, the stock is considered Fairly Valued with a price-to-GF-Value ratio of 0.94. The GF Value is calculated considering historical trading multiples, an adjustment factor based on past performance, and future business projections.
Over the past year, the insider has increased their stake in the company by purchasing a total of 9,500 shares. There have been 19 insider buys and no sells during the same period across the company, indicating a positive sentiment among the insiders about the firm's future prospects.
This insider activity could be a signal to investors about the potential undervaluation or stability of CION Invt Corp, considering the insider's increasing ownership and the stock's valuation metrics.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
