CION Investment
CION
Market cap $644M

12.05 USD

-0.03

0.25%

At close Oct 17, 4:00 PM EDT

After hours

12.20

+0.15

1.24%

1 day

-0.25%

5 days

2.55%

1 month

1.86%

3 months

-3.14%

6 months

9.25%

Year to date

8.07%

1 year

16.65%

5 years

1.69%

About: CION Invt Corp is an externally managed, non-diversified, closed-end management investment company that has elected to be regulated as a business development company. The Company's portfolio is comprised of investments in senior secured debt, including first lien loans, second lien loans and unitranche loans, and, to a lesser extent, collateralized securities, structured products and other similar securities, unsecured debt, and equity, of private and thinly-traded U.S. middle-market companies.

0

Funds holding %

of 6,740 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

921% more call options, than puts

Call options by funds: $337K | Put options by funds: $33K

18% more first-time investments, than exits

New positions opened: 26 | Existing positions closed: 22

2% more funds holding

Funds holding: 171 [Q1] → 175 (+4) [Q2]

0% less capital invested

Capital invested by funds: $209M [Q1] → $208M (-$636K) [Q2]

8% less repeat investments, than reductions

Existing positions increased: 55 | Existing positions reduced: 60

3.18% less ownership

Funds ownership: 35.17% [Q1] → 32.0% (-3.18%) [Q2]

50% less funds holding in top 10

Funds holding in top 10: 2 [Q1] → 1 (-1) [Q2]

See Fund Rankings

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

Low target

$13

8%

upside

Avg. target

$13

8%

upside

High target

$13

8%

upside

1 analyst rating

1 positive

100%

0 neutral

0%

0 negative

0%

Oppenheimer

Mitchel Penn

67% 1-year accuracy

4 / 6 met price target

8%upside

$13

Perform

Initiated

8 Oct 2024

See Analyst Rankings

Financial journalist opinion

Based on 8 articles about CION published over the past 30 days

2 BDCs Everyone Seems To Overlook

CION Investment Corp. and Chicago Atlantic BDC are overlooked small-cap BDCs that offer high yields for dividend investors. CION has strong fundamentals, solid dividend coverage, and trades at a 26% discount to NAV, making it an attractive entry point. Chicago Atlantic BDC, the only cannabis-focused BDC, has diversified its portfolio, boasts a clean balance sheet, and trades at a slight discount.

2 BDCs Everyone Seems To Overlook

Invest In All Weather BDC Dividend Portfolio

The All Weather Portfolio concept introduced by Ray Dalio aims for stable returns through largely uncorrelated investment exposures. In this article, I have tried to apply the essence of such a construct for BDC dividend-seeking investments. The sample portfolio, which is presented in the article, consists of three structural layers that are not that correlated and offer different risk and reward profiles.

Invest In All Weather BDC Dividend Portfolio

Good News For BDCs

I have been bearish on BDCs for a while, and this caution has paid off. However, some good news just arrived for the sector. I discuss what this is and share some of my top picks of the moment in light of this good news.

Good News For BDCs

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, November 7, 2024, prior to the opening of the financial markets. CION will discuss those results in an earnings conference call at 11:00 a.m. ET that same day. Participant Dial-in Numbers: Domestic (Toll-Free): 877-484-6065 International (Toll): +1 201-689-8846 All participants are asked to dial in appr.

CION Investment Corporation Schedules 2024 Third Quarter Earnings Release and Conference Call

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 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 Corp: A Quality BDC Worth Buying, Although Upside May Be Limited

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 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.

CION Investment Corporation Announces Pricing of Public Offering of Unsecured Notes Due 2029

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 rate Senior Unsecured Notes, Tranche B, due 2027 (the “Notes”). The Notes represent an add-on, second tranche of the 2027 Notes that were issued by CION in November 2023. The Notes will bear interest at a floating rate equal to the three-month Secured Overnight Financing Rate (“SOFR”) plus a credit spread of 3.90% p.

CION Investment Corporation Announces the Issuance of Additional $100 Million Floating Rate Senior Unsecured Notes due 2027

2 BDCs At Discounts Of ~20% With Attractive Asymmetric Profiles

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.

2 BDCs At Discounts Of ~20% With Attractive Asymmetric Profiles

CION Investment Corporation: 2 Possible Outcomes From Interest Rate Cuts

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 it an excellent option for income-focused investors. Despite potential short-term earnings impact from lower interest rates, CION's focus on first-lien senior secured debt supports long-term portfolio growth.

CION Investment Corporation: 2 Possible Outcomes From Interest Rate Cuts

Dividend Cut Alert: Bad News For BDCs

BDCs have outperformed REITs since early 2022 due to rising short-term interest rates and a strong economy, but dynamics shifted in July. With long-term rates declining and recession fears rising, BDCs face dividend cut risk. One BDC recently slashed its dividend aggressively and more are likely to follow.

Dividend Cut Alert: Bad News For BDCs

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