CION Investment Corporation (CION)

NYSE: CION · IEX Real-Time Price · USD
10.63
+0.11 (1.05%)
At close: Sep 22, 2023, 4:00 PM
10.62
-0.01 (-0.09%)
After-hours: Sep 22, 2023, 7:01 PM EDT
1.05%
Market Cap 580.13M
Revenue (ttm) 233.13M
Net Income (ttm) 40.37M
Shares Out 54.58M
EPS (ttm) 0.73
PE Ratio 14.56
Forward PE 6.68
Dividend $1.02 (9.60%)
Ex-Dividend Date Dec 28, 2023
Volume 136,809
Open 10.52
Previous Close 10.52
Day's Range 10.51 - 10.66
52-Week Range 8.08 - 11.75
Beta n/a
Analysts Buy
Price Target 10.50 (-1.22%)
Earnings Date Nov 9, 2023

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 2022, CION's revenue was $194.90 million, an increase of 23.86% compared to the previous year's $157.35 million. Earnings were $50.14 million, a decrease of -57.78%.

Financial Statements

Analyst Forecast

According to 2 analysts, the average rating for CION stock is "Buy." The 12-month stock price forecast is $10.5, which is a decrease of -1.22% from the latest price.

Price Target
$10.5
(-1.22% downside)
Analyst Consensus: Buy
Stock Forecasts

News

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...

16 days 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...

6 weeks 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...

2 months 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...

2 months 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...

3 months 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...

3 months 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...

4 months 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,...

6 months 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...

6 months 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 ...

6 months 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...

7 months ago - Business Wire

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...

7 months ago - Business Wire

CION Investment Corporation Schedules 2022 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, 2022 on...

8 months ago - Business Wire

CION Ares Diversified Credit Fund Reaches Milestone Six-Year Track Record

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, ...

8 months ago - Business Wire

CION Ares Diversified Credit Fund Announces Increase to Distribution Rate

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, ...

Other symbols: ARES
9 months ago - Business Wire

CION Investment Corporation Announces Special Year-End 2022 Distribution of $0.27 Per Share

NEW YORK--(BUSINESS WIRE)--CION Investment Corporation (NYSE: CION) (“CION” or the “Company”) today announced a special cash distribution for the year ending December 31, 2022 in the amount of $0.27...

9 months ago - Business Wire

CION Investment Corporation Reports Third Quarter 2022 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, 2022 and filed its Form 10-Q wi...

11 months ago - Business Wire

CION Investment Corporation Schedules Third Quarter 2022 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, 2022 on Thursday, Novem...

1 year ago - Business Wire

CION Investment Corporation to Present at the Sidoti Small-Cap Virtual Conference on September 22

NEW YORK--(BUSINESS WIRE)--CION Investment Corporation (NYSE: CION) (“CION” or the “Company”) today announced that its management will be presenting at the Sidoti Small-Cap Virtual Conference on Thurs...

1 year ago - Business Wire

CION Investment Corporation Reports Second Quarter 2022 Financial Results

NEW YORK--(BUSINESS WIRE)--Please set up as a hold and PLEASE email me an HTML Proof, when ready.

1 year ago - Business Wire

CION Investment Group Acquires Full Stake in Seven Group

NEW YORK--(BUSINESS WIRE)--CION Investment Group (CION), a leading alternative investment solutions platform, has acquired a full stake in the financial advisor marketing, practice management, and con...

1 year ago - Business Wire

CION Investment Corporation Schedules Second Quarter 2022 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, 2022 on Thursday, August 11...

1 year ago - Business Wire

Why Shares Of CION Investment Corp. Are Trading Higher Today

CION Investment (NYSE: CION) shares are trading higher after the company announced expansion of its share repurchase policy by 20% to up to $60 million. Additionally, CION will enter into a trading pl...

1 year ago - Benzinga

CION Investment Corporation Announces Expansion of Its Share Repurchase Policy by 20% to up to $60 Million

NEW YORK--(BUSINESS WIRE)--CION Investment Corporation (NYSE: CION) (“CION” or the “Company”) today announced that its Board of Directors, including the independent directors, has increased the amount...

1 year ago - Business Wire

CION Investment Corporation Announces Presentation at Investor Conferences

NEW YORK--(BUSINESS WIRE)--CION Investment Corporation (NYSE: CION) (“CION” or the “Company”) today announced that its management will be presenting at the following investor conferences: Wells Fargo ...

1 year ago - Business Wire