CION Investment Corporation (CION)
| Market Cap | 642.52M |
| Revenue (ttm) | 262.45M |
| Net Income (ttm) | 127.29M |
| Shares Out | 53.45M |
| EPS (ttm) | 2.35 |
| PE Ratio | 5.11 |
| Forward PE | 8.15 |
| Dividend | $1.39 (11.56%) |
| Ex-Dividend Date | Sep 3, 2024 |
| Volume | 142,176 |
| Open | 12.01 |
| Previous Close | 12.05 |
| Day's Range | 11.98 - 12.12 |
| 52-Week Range | 9.65 - 12.69 |
| Beta | 1.14 |
| Analysts | Hold |
| Price Target | 12.50 (+3.99%) |
| 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. The fund also invests up to 30 percent of their assets opportunistically... [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 $12.5, which is an increase of 3.99% from the latest price.
News
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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
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...
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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...
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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.
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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...
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...
CION Investment: Q4, The Market May Have This One Wrong (Rating Upgrade)
CION Investment Corporation is a BDC that trades at a 32% discount to its NAV price of $16.23. Their dividend is well-covered and management announced a mid-year supplemental dividend.
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...
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...