CION Investment Corporation (CION)
Market Cap | 658.85M |
Revenue (ttm) | 259.59M |
Net Income (ttm) | 132.80M |
Shares Out | 53.57M |
EPS (ttm) | 2.43 |
PE Ratio | 5.06 |
Forward PE | 7.40 |
Dividend | $1.36 (11.06%) |
Ex-Dividend Date | Jun 28, 2024 |
Volume | 106,563 |
Open | 12.17 |
Previous Close | 12.15 |
Day's Range | 12.15 - 12.31 |
52-Week Range | 9.65 - 12.69 |
Beta | 1.17 |
Analysts | Hold |
Price Target | 11.38 (-7.48%) |
Earnings Date | Aug 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. The fund also invests up to 30 percent of their assets opportunistically... [Read more]
Financial Performance
In 2023, CION'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 $11.38, which is a decrease of -7.48% from the latest price.
News
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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...
![](https://cdn.snapi.dev/images/v1/9/g/wall-street-is-sleeping-on-the-2425965.jpg)
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CION Investment Corporation Reports First Quarter 2024 Financial Results
NEW YORK--(BUSINESS WIRE)--CION Investment Corporation (NYSE: CION) (“CION” or the “Company”) today reported financial results for the first quarter ended March 31, 2024 and filed its Form 10-Q with t...
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CION Investment Corporation Schedules 2024 First 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 first quarter ended March 31, 2024 on Thursday, May 9, 20...
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CION Investment Corporation Strengthens Leadership Team with the Appointment of Charlie Arestia as Managing Director and Head of Investor Relations
NEW YORK--(BUSINESS WIRE)--CION Investment Corporation (NYSE: CION) (“CION”), a leading publicly listed business development company focused on the U.S. middle market, is pleased to announce the appoi...
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CION Investment Corporation Reports Fourth Quarter and Year End 2023 Financial Results
NEW YORK--(BUSINESS WIRE)--CION Investment Corporation (NYSE: CION) (“CION” or the “Company”) today reported financial results for the fourth quarter and year ended December 31, 2023 and filed its For...
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CION Investment Corporation Schedules 2023 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, 2023 on T...
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CION Investment Corporation Announces Special Year-End 2023 Distribution of $0.15 Per Share
NEW YORK--(BUSINESS WIRE)--CION Investment Corporation (NYSE: CION) (“CION”) today announced that it has declared a special cash distribution for the year ending December 31, 2023 in the amount of $0....
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KBW Announces Index Rebalancing for Fourth-Quarter 2023
NEW YORK, Dec. 08, 2023 (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...
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CION Investment Corporation Announces the Issuance of $100 Million Floating Rate Senior Unsecured Notes due 2027
NEW YORK--(BUSINESS WIRE)--CION Investment Corporation (NYSE: CION) (“CION”) announced today that it closed an offering of $100 million in aggregate principal amount of its Senior Unsecured Notes due ...
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CION Investment Corporation Reports Third Quarter 2023 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, 2023 and filed its Form 10-Q wi...
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CION Investment Corporation Announces Issuance of Approximately $34 Million of Additional Series A Unsecured Notes in Israel
NEW YORK--(BUSINESS WIRE)--CION Investment Corporation (NYSE: CION) (“CION”) announced today that it closed an additional offering in Israel of approximately $33.7 million in aggregate principal amoun...
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CION Investment Corporation Schedules 2023 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, 2023, on Thursday, Nove...
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CION Investment Corporation Announces Extension of Existing $60 Million Share Repurchase Program
NEW YORK--(BUSINESS WIRE)--CION Investment Corporation (NYSE: CION) (“CION”) today announced a one-year extension to its existing $60 million share repurchase program through August 29, 2024, under wh...
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CION Investment Corporation Reports Second Quarter 2023 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, 2023 and filed its Form 10-Q with t...
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David's Bridal and CION Investment Corporation Complete Successful Transaction and Announce Plans for Go-Forward Industry Leading Bridal Company
CONSHOHOCKEN, Pa.--(BUSINESS WIRE)--David's Bridal, LLC ("the Company"), the nation's leading bridal and special occasion authority, today announced that it has successfully closed its transaction wit...
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CION Investment Corporation Schedules 2023 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, 2023 on Wednesday, August 9...
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CION Investment Corporation Announces Amendments to Its JPMorgan and UBS Credit Facilities
NEW YORK--(BUSINESS WIRE)--CION Investment Corporation (NYSE: CION) (“CION” or the “Company”) announced amendments to its credit facilities with JPMorgan Chase Bank, National Association (“JPM”) and U...
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CION Ares Diversified Credit Fund Announces Special Distribution Rate Increase
NEW YORK--(BUSINESS WIRE)--CION Ares Management LLC, a joint venture between affiliates of CION Investments (“CION”), a leading manager of alternative investment solutions for individual investors, an...
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CION Investment Corporation Reports First Quarter 2023 Financial Results
NEW YORK--(BUSINESS WIRE)--CION Investment Corporation (NYSE: CION) (“CION” or the “Company”) today reported financial results for the first quarter ended March 31, 2023 and filed its Form 10-Q with t...
![](https://cdn.snapi.dev/images/v1/i/a/conf13-1828109.jpg)
CION Investment Corporation Schedules 2023 First 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 first quarter ended March 31, 2023, on Wednesday, May 10,...
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CION Ares Diversified Credit Fund Announces Second Distribution Rate Increase in 2023
NEW YORK--(BUSINESS WIRE)--CION Ares Management LLC, a joint venture between affiliates of CION Investments (“CION”), a leading manager of alternative investment solutions for individual investors, an...
![](https://cdn.snapi.dev/images/v1/1/f/press2-1799885.jpg)
CION Investment Corporation Reports December 31, 2022 Financial Results
NEW YORK--(BUSINESS WIRE)--CION Investment Corporation (NYSE: CION) (“CION” or the “Company”) today reported financial results for the fourth quarter and fiscal year ended December 31, 2022 and filed ...
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CION Ares Diversified Credit Fund Announces Increase to Distribution Rate and Pricing of Preferred Shares
NEW YORK--(BUSINESS WIRE)--CION Ares Management LLC, a joint venture between affiliates of CION Investments (“CION”), a leading manager of alternative investment solutions for individual investors, an...
![](https://cdn.snapi.dev/images/v1/x/5/press4-1769721.jpg)
CION Investment Corporation Announces Pricing of Approximately $82 Million of Series A Unsecured Notes in Israel
NEW YORK--(BUSINESS WIRE)--CION Investment Corporation (NYSE: CION) (“CION”) announced today that it priced an offering in Israel of approximately $82.0 million in aggregate principal amount of its Se...