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CION Investment Corp (CION)
NYSE:CION
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CION Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$9.65 - $12.69
Previous Close$12.3
Volume194.12K
Average Volume (3M)174.25K
Market Cap
$649.47M
Enterprise Value$1.71B
Total Cash (Recent Filing)$0.00
Total Debt (Recent Filing)$1.06B
Price to Earnings (P/E)5.2
Beta1.00
Next Earnings
Nov 07, 2024EPS Estimate
$0.38Next Dividend Ex-Date
Sep 03, 2024Dividend Yield11.36%
Share Statistics
EPS (TTM)2.35
Shares Outstanding53,454,318
10 Day Avg. Volume158,643
30 Day Avg. Volume174,246
Standard Deviation0.10
R-Squared0.40
Alpha0.00757
Financial Highlights & Ratios
Price to Book (P/B)0.75
Price to Sales (P/S)N/A
Price to Cash Flow (P/CF)-9.70
P/FCF Ratio23.10
Enterprise Value/Market CapN/A
Enterprise Value/Revenue-45.71
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$12.00Price Target Upside-2.44% Downside
Rating ConsensusHold
Number of Analyst Covering1
CION Investment Corp News
PremiumCompany Announcements
CION Investment Corp Extends Key Management Agreements
PremiumCompany Announcements
CION Investment Corp Enhances Capital Strategy with JPMorgan
PremiumCompany Announcements
CION Investment Corp Enhances Investor Insights with Unified Report
PremiumCompany Announcements
CION Investment Corp Enhances Financial Transparency
PremiumCompany Announcements
CION Investment Corp Enhances Investor Communication Clarity
PremiumCompany Announcements
CION Investment Corp Appoints New Head of Investor RelationsBulls Say, Bears Say
Bulls Say
Debt ManagementManagement noted the potential for better economics while continuing to work on extending its debt facilities.
DividendsCION's base dividend was increased by $0.02 to $0.36 (~9% on NAV), with a special dividend still expected to be declared.
Financial PerformanceCION reported NOI of $0.43, exceeding the $0.39 estimate on non-recurring dividend income.
Bears Say
Asset MonitoringRated '3' assets, which require additional monitoring, increased from 6.5% of the portfolio at fair value to 10.4%.
Net Asset ValueNet asset value saw headwinds (-3%) from the equity book ascribed to discount rates.
Realized LossThe realized loss of $20 million came from what were described as 'legacy stub and trust investments' including Country Fresh, Deluxe Entertainment and KNB Holdings.
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Ownership Overview
0.51% Insiders
0.06% Mutual Funds
16.29% Other Institutional Investors
83.14% Public Companies and Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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CION FAQ
What was CION Investment Corp’s price range in the past 12 months?
CION Investment Corp lowest stock price was $9.65 and its highest was $12.69 in the past 12 months.
What is CION Investment Corp’s market cap?
Currently, no data Available
When is CION Investment Corp’s upcoming earnings report date?
CION Investment Corp’s upcoming earnings report date is Nov 07, 2024 which is in 68 days.
How were CION Investment Corp’s earnings last quarter?
CION Investment Corp released its earnings results on Aug 08, 2024. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.03.
Is CION Investment Corp overvalued?
According to Wall Street analysts CION Investment Corp’s price is currently Overvalued.
Does CION Investment Corp pay dividends?
CION Investment Corp pays a Notavailable dividend of $0.36 which represents an annual dividend yield of 11.36%. See more information on CION Investment Corp dividends here
What is CION Investment Corp’s EPS estimate?
CION Investment Corp’s EPS estimate is $0.38.
How many shares outstanding does CION Investment Corp have?
CION Investment Corp has 53,454,320 shares outstanding.
What happened to CION Investment Corp’s price movement after its last earnings report?
CION Investment Corp reported an EPS of $0.42 in its last earnings report, beating expectations of $0.39. Following the earnings report the stock price went up 3.015%.
Which hedge fund is a major shareholder of CION Investment Corp?
Among the largest hedge funds holding CION Investment Corp’s share is Callodine Capital Management, LP. It holds CION Investment Corp’s shares valued at 8M.
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CION Investment Corp Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Hold
Average Price Target:
$12.00 (-2.44% Downside)
$12.00 (-2.44% Downside)
Blogger Sentiment
Bullish
CION Sentiment 75%
Sector Average 66%
Sector Average 66%
Hedge Fund Trend
Increased
By 37.4K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Bought Shares
Worth $42.3K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Positive
Last 7 Days ▲ 7.0%
Last 30 Days ▲ 11.7%
Last 30 Days ▲ 11.7%
Technicals
SMA
Positive
20 days / 200 days
Momentum
28.15%
12-Months-Change
Fundamentals
Return on Equity
15.00%
Trailing 12-Months
Asset Growth
6.85%
Trailing 12-Months
Company Description
CION Investment Corp
CION Invt Corp is a non-traded business development company. It focuses on United States middle market lending. The fund's investment objective is to generate current income and, to a lesser extent, capital appreciation. The company seeks to accomplish its investment objective by managing the portfolio with the intent to reduce portfolio volatility, mitigate downside risk, and reduce portfolio correlation to traded markets.
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CION Company Deck
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CION Earnings Call
Q2 2024
0:00 / 0:00
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CION Stock 12 Month Forecast
Average Price Target
$12.00
▼(-2.44% Downside)
Technical Analysis
Pennantpark $
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FS KKR Capital
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Main Street Capital
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Sixth Street Specialty Lending
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