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CION Investment (CION) Company Overview

Profile

Full Name:

CION Investment Corporation

Country:

United States

IPO:

October 5, 2021

Indexes:

Not included

Description:

CION Investment is a financial company that focuses on providing investment solutions. They offer various products, including private credit and real estate investments, aiming to help clients grow their wealth. CION emphasizes transparency and strong performance to meet the needs of individual and institutional investors.

Key Details

Price

$11.33

Annual Revenue

$106.61 M(+74.38% YoY)

Annual EPS

$1.74(+95.51% YoY)

Beta

0.58

Events Calendar

Earnings

Next earnings date:

Mar 14, 2025

Recent quarterly earnings:

Nov 7, 2024

Recent annual earnings:

Mar 14, 2024
Dividend

Next ex-dividend date:

N/A

Recent ex-dividend date:

Dec 30, 2024
Splits

Next split:

N/A

Recent split:

Oct 5, 2021

Analyst ratings

Recent major analysts updates

Oct 29, 24 Wells Fargo
Equal-Weight
Oct 8, 24 Oppenheimer
Perform
May 15, 24 Wells Fargo
Equal-Weight
Aug 10, 23 Wells Fargo
Equal-Weight
Apr 18, 23 Wells Fargo
Equal-Weight
Mar 17, 23 Wells Fargo
Overweight
Nov 11, 22 Wells Fargo
Overweight
Oct 24, 22 Wells Fargo
Overweight
Jul 25, 22 Wells Fargo
Overweight
Apr 25, 22 Wells Fargo
Equal-Weight

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CION Investment Corporation: Disappointing Growth And Investment Activity (Rating Downgrade)
CION Investment Corporation: Disappointing Growth And Investment Activity (Rating Downgrade)
CION Investment Corporation: Disappointing Growth And Investment Activity (Rating Downgrade)
CION
seekingalpha.comJanuary 27, 2025

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 its NAV has shown no meaningful growth, attributed to net losses, a growing non-accrual rate, and reduced new investments. Despite a high 13% dividend yield, the non-accrual rate has increased to 1.85%, and earnings cover the distribution at a slightly weakened rate of 111%.

CION Investment Corporation: Deep Discount And Tempting Yield But Riskier
CION Investment Corporation: Deep Discount And Tempting Yield But Riskier
CION Investment Corporation: Deep Discount And Tempting Yield But Riskier
CION
seekingalpha.comDecember 24, 2024

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 discount of over 27% to its last reported net asset value per share. One of the risks includes higher relative non-accruals and significant payment-in-kind income, though they add that PIK is part of their overall strategy.

CION Investment Corporation Announces Year-End Special Distribution of $0.05 Per Share
CION Investment Corporation Announces Year-End Special Distribution of $0.05 Per Share
CION Investment Corporation Announces Year-End Special Distribution of $0.05 Per Share
CION
businesswire.comDecember 23, 2024

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 per share, payable on January 27, 2025 to shareholders of record as of December 30, 2024, which results in total distributions declared in 2024 of $1.52 per share. The special distribution represents a portion of the Company's investment company taxable income generated through the course of the year.

CION Investment: Double-Digit Yield Is Safer Than It Seems
CION Investment: Double-Digit Yield Is Safer Than It Seems
CION Investment: Double-Digit Yield Is Safer Than It Seems
CION
seekingalpha.comDecember 8, 2024

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-lien debt, ensuring high repayment priority, but has seen a slight increase in non-accruals to 1.8% at fair value. CION's valuation is attractive due to trading at a discount to its Net Asset Value, though this raises concerns about its capital-gathering effectiveness.

CION Investment Corporation: 12.5% Yield, P/NAV Of 0.73x Makes It A Buy
CION Investment Corporation: 12.5% Yield, P/NAV Of 0.73x Makes It A Buy
CION Investment Corporation: 12.5% Yield, P/NAV Of 0.73x Makes It A Buy
CION
seekingalpha.comNovember 10, 2024

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% discount to NAV.

CION Investment Corporation (CION) Q3 2024 Earnings Call Transcript
CION Investment Corporation (CION) Q3 2024 Earnings Call Transcript
CION Investment Corporation (CION) Q3 2024 Earnings Call Transcript
CION
seekingalpha.comNovember 9, 2024

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 - Co-Chief Executive Officer Gregg Bresner - President and CIO Keith Franz - Chief Financial Officer Conference Call Participants Operator Greetings. And welcome to the CION Investment Corporation's Third Quarter 2024 Conference Call.

CION Investment Corp: A Quality BDC Worth Buying, Although Upside May Be Limited
CION Investment Corp: A Quality BDC Worth Buying, Although Upside May Be Limited
CION Investment Corp: A Quality BDC Worth Buying, Although Upside May Be Limited
CION
seekingalpha.comSeptember 29, 2024

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 contributor to its market mispricing compared to larger, more established peers. CION's portfolio performance has been resilient, with high credit quality and decreasing non-accruals year-over-year, despite higher for longer interest rates.

CION Investment Corporation Announces Pricing of Public Offering of Unsecured Notes Due 2029
CION Investment Corporation Announces Pricing of Public Offering of Unsecured Notes Due 2029
CION Investment Corporation Announces Pricing of Public Offering of Unsecured Notes Due 2029
CION
businesswire.comSeptember 26, 2024

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 amount of unsecured notes due 2029 (the “Notes”), which will result in net proceeds to the Company of approximately $145.4 million after the payment of underwriting discounts and commissions and estimated offering expenses payable by the Company. The Notes will mature on December 30, 2029 and may be.

2 BDCs At Discounts Of ~20% With Attractive Asymmetric Profiles
2 BDCs At Discounts Of ~20% With Attractive Asymmetric Profiles
2 BDCs At Discounts Of ~20% With Attractive Asymmetric Profiles
CION
seekingalpha.comSeptember 18, 2024

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 some risks, but not to the extent that is currently priced in by the market.

CION Investment Corp: Big Discount, Strong Yield
CION Investment Corp: Big Discount, Strong Yield
CION Investment Corp: Big Discount, Strong Yield
CION
seekingalpha.comJuly 1, 2024

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 dividend yield of nearly 12% with high coverage. CION has had past challenges, but they appear to be on the mend, and dividend coverage here is strong.

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FAQ

  • What is the ticker symbol for CION Investment?
  • Does CION Investment pay dividends?
  • What sector is CION Investment in?
  • What industry is CION Investment in?
  • What country is CION Investment based in?
  • When did CION Investment go public?
  • Is CION Investment in the S&P 500?
  • Is CION Investment in the NASDAQ 100?
  • Is CION Investment in the Dow Jones?
  • When was CION Investment's last earnings report?
  • When does CION Investment report earnings?
  • Should I buy CION Investment stock now?

What is the ticker symbol for CION Investment?

The ticker symbol for CION Investment is NYSE:CION

Does CION Investment pay dividends?

Yes, CION Investment pays dividends. The last payment was $0.05, with an ex-dividend date on December 30, 2024

What sector is CION Investment in?

CION Investment is in the Financial Services sector

What industry is CION Investment in?

CION Investment is in the Asset Management industry

What country is CION Investment based in?

CION Investment is headquartered in United States

When did CION Investment go public?

CION Investment's initial public offering (IPO) was on October 5, 2021

Is CION Investment in the S&P 500?

No, CION Investment is not included in the S&P 500 index

Is CION Investment in the NASDAQ 100?

No, CION Investment is not included in the NASDAQ 100 index

Is CION Investment in the Dow Jones?

No, CION Investment is not included in the Dow Jones index

When was CION Investment's last earnings report?

CION Investment's most recent earnings report was on Nov 7, 2024

When does CION Investment report earnings?

The next expected earnings date for CION Investment is Mar 14, 2025

Should I buy CION Investment stock now?

As of today, analysts generally recommend a 'Hold' rating. However, it's important to do your own research and consider your financial situation before making any investment decisions