CION Investment Q2 net asset value per share rises 3.5%

• Equity price gains — The company said mark-to-market price increases in certain equity investments drove the rise in net asset value per share.
• Purchase discounts — CION said higher amortization of purchase discounts from opportunistic investment purchases contributed to increased investment income.
• Lower operating expenses — The company attributed the decrease in operating expenses to lower interest expense from reduced average debt and lower general and administrative expenses.

Q2 operating expenses were $35.62 million.

The current average analyst rating on the shares is "hold", with no "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell" recommendations.

The average consensus recommendation for the investment management & fund operators peer group is "buy." Wall Street's median 12-month price target for Cion Investment Corp is $9.25, about above its closing price of .