CION Investment Corporation (CION)

NYSE: CION · IEX Real-Time Price · USD
12.24
-0.01 (-0.04%)
Jul 19, 2024, 9:57 AM EDT - Market open
-0.04%
Market Cap 657.09M
Revenue (ttm) 259.59M
Net Income (ttm) 132.80M
Shares Out 53.57M
EPS (ttm) 2.43
PE Ratio 5.04
Forward PE 7.36
Dividend $1.36 (11.12%)
Ex-Dividend Date Jun 28, 2024
Volume 7,594
Open 12.30
Previous Close 12.24
Day's Range 12.20 - 12.30
52-Week Range 9.65 - 12.69
Beta 1.15
Analysts Hold
Price Target 11.38 (-6.99%)
Earnings Date Aug 8, 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]

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

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 Statements

Analyst 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 -6.99% from the latest price.

Price Target
$11.38
(-6.99% downside)
Analyst Consensus: Hold
Stock Forecasts

News

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,...

10 days ago - Business Wire

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...

5 weeks ago - Business Wire

Wall Street Is Sleeping On These High-Dividend Small Caps

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2 months ago - Forbes

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...

2 months ago - Business Wire

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...

3 months ago - Business Wire

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...

4 months ago - Business Wire

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...

4 months ago - Business Wire

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...

5 months ago - Business Wire

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....

7 months ago - Business Wire

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...

7 months ago - GlobeNewsWire

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 ...

8 months ago - Business Wire

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...

9 months ago - Business Wire

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...

10 months ago - Business Wire

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...

10 months ago - Business Wire

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...

11 months ago - Business Wire

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...

1 year ago - Business Wire

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...

1 year ago - Business Wire

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...

1 year ago - Business Wire

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...

1 year ago - Business Wire

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...

1 year ago - Business Wire

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...

1 year ago - Business Wire

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,...

1 year ago - Business Wire

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...

1 year ago - Business Wire

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 ...

1 year ago - Business Wire

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...

1 year ago - Business Wire