CION Investment Corporation (CION)

NYSE: CION · Real-Time Price · USD
12.48
+0.04 (0.32%)
Feb 21, 2025, 4:00 PM EST - Market closed
0.32%
Market Cap 665.01M
Revenue (ttm) 254.54M
Net Income (ttm) 79.44M
Shares Out 53.29M
EPS (ttm) 1.48
PE Ratio 8.46
Forward PE 8.83
Dividend $1.52 (12.18%)
Ex-Dividend Date Dec 30, 2024
Volume 192,109
Open 12.50
Previous Close 12.44
Day's Range 12.43 - 12.61
52-Week Range 10.52 - 12.69
Beta 1.11
Analysts Hold
Price Target 12.25 (-1.84%)
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]

Sector Financials
Founded 2011
Country United States
Stock Exchange NYSE
Ticker Symbol CION
Full Company Profile

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 Statements

Analyst Forecast

According to 2 analysts, the average rating for CION stock is "Hold." The 12-month stock price forecast is $12.25, which is a decrease of -1.84% from the latest price.

Price Target
$12.25
(-1.84% downside)
Analyst Consensus: Hold
Stock Forecasts

News

CION Investment Corporation Enters Into a New Three-Year $125 Million Loan Agreement With UBS

NEW YORK--(BUSINESS WIRE)--CION Investment Corporation (NYSE: CION) (“CION”) announced today that it has terminated its existing senior secured repurchase facility with UBS AG, London Branch (“UBS”) a...

2 days ago - Business Wire

CION Investment Corporation Schedules 2024 Fourth Quarter and Year-End 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 fourth quarter and full year ended December 31, 2024 on T...

18 days ago - Business Wire

CION Investment Corporation: Disappointing Growth And Investment Activity (Rating Downgrade)

I am downgrading CION Investment Corporation to a hold due to suppressed growth in a high-interest rate environment and a slightly weakened dividend coverage. CION's portfolio structure is solid, but ...

25 days ago - Seeking Alpha

Why BDCs Will Likely Outperform In 2025

The BDC sector had a lackluster H2 of 2024 after being on a strong run from 2022 to mid 2024. However, recently there has been some great news for BDCs to start 2025. We share our approach to BDCs rig...

5 weeks ago - Seeking Alpha

12-15% Dividend Yields And Big Buybacks

Double-digit yielding stocks that also repurchase shares have plenty of inherent advantages. I share some dividend stocks that meet these criteria. I take a look at them to see if they are worth buyin...

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5 weeks ago - Seeking Alpha

2 BDCs With 20%+ Discount To NAV: 1 To Buy, 1 To Avoid

The primary return source of BDC investments is dividend income. Yet, when there is a mismatch between price and value, it is possible to pocket attractive price returns as well. In this article, I sh...

Other symbols: BIZD
6 weeks ago - Seeking Alpha

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...

6 weeks ago - Seeking Alpha

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...

2 months ago - Seeking Alpha

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...

2 months ago - Business Wire

KBW Announces Index Rebalancing for Fourth-Quarter 2024

NEW YORK, Dec. 13, 2024 (GLOBE NEWSWIRE) -- Keefe, Bruyette & Woods, Inc., a leading specialist investment bank to the financial services and fintech sectors, and a wholly owned subsidiary of Stifel F...

Other symbols: ABABRACREAPOARESARIBDN
2 months ago - GlobeNewsWire

Invest In $95,000 BDC Portfolio For $10,000 Annual Income And Durable Compounding

Private credit/BDC investments offer exposure to structural growth and a significant portfolio yield enhancement. Yet, we have to be extra careful of not falling into value traps and investing in unsu...

2 months ago - Seeking Alpha

CION Investment: Double-Digit Yield Is Safer Than It Seems

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...

2 months ago - Seeking Alpha

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% ...

3 months ago - Seeking Alpha

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 ...

3 months ago - Seeking Alpha

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...

3 months ago - Business Wire

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...

Other symbols: ARESBA
4 months ago - Seeking Alpha

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...

4 months ago - Seeking Alpha

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...

4 months ago - Seeking Alpha

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...

Other symbols: BIZDFSKGBDCKKR
4 months ago - Seeking Alpha

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...

4 months ago - Business Wire

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...

5 months ago - Seeking Alpha

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...

5 months ago - Business Wire

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...

5 months ago - Business Wire

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...

Other symbols: FSKOCSLRWAYTCPCTPVG
5 months ago - Seeking Alpha

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...

6 months ago - Seeking Alpha