CION Investment Corporation (CION)
| Market Cap | 609.59M |
| Revenue (ttm) | 254.54M |
| Net Income (ttm) | 79.44M |
| Shares Out | 53.29M |
| EPS (ttm) | 1.48 |
| PE Ratio | 7.75 |
| Forward PE | 8.14 |
| Dividend | $1.40 (12.24%) |
| Ex-Dividend Date | Sep 3, 2024 |
| Volume | 202,032 |
| Open | 11.48 |
| Previous Close | 11.48 |
| Day's Range | 11.34 - 11.53 |
| 52-Week Range | 10.52 - 12.69 |
| Beta | 1.14 |
| Analysts | Hold |
| Price Target | 12.25 (+7.08%) |
| Earnings Date | Nov 7, 2024 |
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 7.08% from the latest price.
News
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...
New Preferred Stock And Exchange Traded Debt IPOs, October 2024
September saw two new convertible preferred stock offerings, one term preferred offering, and one Exchange Traded Debt (ETD) offering, with yields ranging from 6% to 8.125%. Here is a comparison again...
2 BDCs Everyone Seems To Overlook
CION Investment Corp. and Chicago Atlantic BDC are overlooked small-cap BDCs that offer high yields for dividend investors. CION has strong fundamentals, solid dividend coverage, and trades at a 26% d...
Invest In All Weather BDC Dividend Portfolio
The All Weather Portfolio concept introduced by Ray Dalio aims for stable returns through largely uncorrelated investment exposures. In this article, I have tried to apply the essence of such a constr...
Good News For BDCs
I have been bearish on BDCs for a while, and this caution has paid off. However, some good news just arrived for the sector. I discuss what this is and share some of my top picks of the moment in ligh...
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
CION Investment Corp remains undervalued, trading at a 34% discount to its NAV despite solid fundamentals and solid dividend coverage. The BDC's smaller size and shorter track record may be a contribu...
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...
2 BDCs At Discounts Of ~20% With Attractive Asymmetric Profiles
This is not the right time to take high risk in the BDC space. Yet, as it is often the case, a challenging environment creates opportunities. In this article, I elaborate on two BDCs which indeed have...
CION Investment Corporation: 2 Possible Outcomes From Interest Rate Cuts
CION Investment Corporation operates as a business development company that generates its earnings through a diverse portfolio of debt investments. CION offers a high dividend yield of 13.8%, making i...
2 BDCs With Unjustified Discount Of 10% Or Greater
In the current environment, it is indeed difficult for BDCs to achieve premium over NAV. However, as the earnings and dividends continue to remain strong in the sector, I see no reason for significant...
CION Investment Corporation: Sound BDC With De-Risked Base Dividend Yield Of 11.6%
CION Investment Corporation focuses on established, cash-generating companies with annual EBITDA between $20-$75 million and has an NAV base of $861 million. It is interesting due to a P/NAV discount ...
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...
CION Investment Corporation Reports Second Quarter 2024 Financial Results
NEW YORK--(BUSINESS WIRE)--CION Investment Corporation (NYSE: CION) (“CION” or the “Company”) today reported financial results for the second quarter ended June 30, 2024 and filed its Form 10-Q with t...
CION Investment Corporation Amends and Extends Its Senior Secured Credit Facility, Providing Improved Economic Terms and More Constructive Operating Provisions
NEW YORK--(BUSINESS WIRE)--CION Investment Corporation (NYSE: CION) (“CION”) announced today that it has amended and extended its $675 million senior secured credit facility with JPMorgan Chase Bank, ...
CION Investment Corporation Schedules 2024 Second 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 second quarter ended June 30, 2024 on Thursday, August 8,...
CION Investment Corp: Big Discount, Strong Yield
CION Investment Corp. is a debt-focused BDC with $2 billion in assets invested primarily in first-lien floating rate debt. CION trades at a significant discount relative to peers, offering a strong di...
CION Investment Corporation Announces the Amount of its Mid-Year Supplemental Distribution of $0.05 Per Share
NEW YORK--(BUSINESS WIRE)--CION Investment Corporation (NYSE: CION) (“CION”) today announced that it has declared a mid-year supplemental distribution for the period ending June 30, 2024 in the amount...
CION Investment Corporation: Strong Cash Flow And Massive Dividend Coverage
CION Investment Corporation is a newer business development company with inception dating back to 2021.
Three BDCs And 3 REITs In My Income Compounder Portfolio
In this article I discuss my Income Compounder portfolio strategy, which focuses on generating a steady stream of passive income for retirement. The article reviews three REITs (AGNC, IVR, EFC) and th...
Wall Street Is Sleeping On These High-Dividend Small Caps
Small-cap stocks are on sale. We can buy select names for just 8.8 times earnings and 83% of book value.
CION Investment Corporation (CION) Q1 2024 Earnings Call Transcript
CION Investment Corporation (NYSE:CION) Q1 2024 Earnings Conference Call May 9, 2024 11:00 AM ET Company Participants Charlie Arestia - MD and Head of IR Michael Reisner - Co-CEO Gregg Bresner - Pres...