CION Investment Corporation (CION)
| Market Cap | 608.53M |
| Revenue (ttm) | 254.54M |
| Net Income (ttm) | 79.44M |
| Shares Out | 53.29M |
| EPS (ttm) | 1.48 |
| PE Ratio | 7.74 |
| Forward PE | 8.13 |
| Dividend | $1.42 (12.43%) |
| Ex-Dividend Date | Dec 30, 2024 |
| Volume | 149,761 |
| Open | 11.45 |
| Previous Close | 11.43 |
| Day's Range | 11.33 - 11.50 |
| 52-Week Range | 10.52 - 12.69 |
| Beta | 1.10 |
| Analysts | Hold |
| Price Target | 12.25 (+7.27%) |
| Earnings Date | Mar 13, 2025 |
About CION
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. The firm invests in growth capital, acquisitions, leveraged buyouts, market/product expansion, refinancing and recapitalization investments. The fund also invests up to 30 percent of their assets oppor... [Read more]
Financial Performance
In 2023, CION Investment's revenue was $251.01 million, an increase of 28.79% compared to the previous year's $194.90 million. Earnings were $95.31 million, an increase of 90.09%.
Financial StatementsAnalyst Forecast
According to 2 analysts, the average rating for CION stock is "Hold." The 12-month stock price forecast is $12.25, which is an increase of 7.27% from the latest price.
News
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I'm Not Married To CION Investment
CION Investment Corporation is downgraded to a hold due to financial pressure from smaller borrowers and expected volatility in the coming quarters. The business development company's Q3 performance s...
CION Investment Corporation: Deep Discount And Tempting Yield But Riskier
Income-focused investors could consider CION Investment Corporation for its high yields, but there are definitely risks to consider. CION offers a 12.55% dividend yield and trades at a significant dis...
CION Investment Corporation Announces Year-End Special Distribution of $0.05 Per Share
NEW YORK--(BUSINESS WIRE)--CION Investment Corporation (NYSE: CION) (“CION”) today announced that it has declared a special distribution for the year ending December 31, 2024 in the amount of $0.05 pe...
KBW Announces Index Rebalancing for Fourth-Quarter 2024
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CION Investment offers a high regular dividend yield exceeding 12%, supported by a solid dividend coverage of 124%, despite sensitivity to interest rate changes. The company primarily invests in first...
CION Investment Corporation: 12.5% Yield, P/NAV Of 0.73x Makes It A Buy
CION Investment Corporation is a deeply discounted high yield play. The market is concerned about CION's PIK and portfolio volatility. Looking at the fundamentals, I simply can't rationalize the ~27% ...
CION Investment Corporation (CION) Q3 2024 Earnings Call Transcript
CION Investment Corporation (NYSE:CION) Q3 2024 Earnings Conference Call November 7, 2024 11:00 AM ET Company Participants Charlie Arestia - Managing Director and Head, Investor Relations Mark Gatto ...
CION Investment Corporation Reports Third Quarter 2024 Financial Results
NEW YORK--(BUSINESS WIRE)--CION Investment Corporation (NYSE: CION) (“CION” or the “Company”) today reported financial results for the third quarter ended September 30, 2024 and filed its Form 10-Q wi...
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Good News For BDCs
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CION Investment Corporation Schedules 2024 Third Quarter Earnings Release and Conference Call
NEW YORK--(BUSINESS WIRE)--CION Investment Corporation (NYSE: CION) (“CION”) announced today that it will report its financial results for the third quarter ended September 30, 2024 on Thursday, Novem...
CION Investment Corp: A Quality BDC Worth Buying, Although Upside May Be Limited
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CION Investment Corporation Announces Pricing of Public Offering of Unsecured Notes Due 2029
NEW YORK--(BUSINESS WIRE)--CION Investment Corporation (NYSE: CION) (the “Company” or “CION”) announced today that it has priced an underwritten public offering of $150.0 million aggregate principal a...
CION Investment Corporation Announces the Issuance of Additional $100 Million Floating Rate Senior Unsecured Notes due 2027
NEW YORK--(BUSINESS WIRE)---- $CION #BDC--CION Investment Corporation (NYSE: CION) (“CION”) announced today that it closed an offering of $100 million in aggregate principal amount of its floating rat...
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CION Investment Corporation: 2 Possible Outcomes From Interest Rate Cuts
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2 BDCs With Unjustified Discount Of 10% Or Greater
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CION Investment Corporation: Sound BDC With De-Risked Base Dividend Yield Of 11.6%
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CION Investment Corporation (CION) Q2 2024 Earnings Call Transcript
CION Investment Corporation (NYSE:CION) Q2 2024 Results Conference Call August 8, 2024 11:00 AM ET Company Participants Charlie Arestia - MD and Head of Investor Relations Mark Gatto - Co-Founder & C...