CION Investment Corporation (CION)

US — Financial Services Sector

Peers: FMN MYD DHIL NXG FHI MHN CBH CXH BSIG MUI MQY MYI MUE PFX OFS NCZ WDI RSF

Automate Your Wheel Strategy on CION

With Tiblio's Option Bot, you can configure your own wheel strategy including CION - and automate your put writes, covered calls, and full wheel strategy. Just connect one of the supported brokerages: tastytrade, Schwab, TradeStation or Tradier and go.

Start Your Free Trial Now

Key Metrics & Ratings

symbol CION
Rev/Share 2.2244
Book/Share 14.2592
PB 0.681
Debt/Equity 1.4532
CurrentRatio 1.7408
ROIC 0.0165

MktCap 511595295.0
FreeCF/Share 1.4551
PFCF 6.6246
PE 76.5964
Debt/Assets 0.58
DivYield 0.1586
ROE 0.0082

Rating C
Score 2
Recommendation Sell
P/E Score 1
DCF Score 2
P/B Score 3
D/E Score 1

Recent Analyst Ratings

Type	Ticker	Analyst Firm	Previous Rating	Current Rating	Previous Price Target	Current Price Target	Date
Downgrade	CION	Wells Fargo	Equal Weight	Underweight	$11	$10	March 17, 2025

News

CION Investment: Price To Book Discount Provides Margin Of Safety

CION
Published: May 20, 2025 by: Seeking Alpha
Sentiment: Positive

CION offers a 15% yield and has outperformed both high-yield bonds and the average BDC over the past three years. Despite concerns over declining book value and high Payment in Kind (PIK) income, CION trades at a steep 0.72 price-to-book discount. Management uses share buybacks to offset book value declines, and the discount provides a margin of safety for riskier lending.

image for news CION Investment: Price To Book Discount Provides Margin Of Safety

CION Investment Corporation (CION) Q1 2025 Earnings Call Transcript

CION
Published: May 08, 2025 by: Seeking Alpha
Sentiment: Neutral

CION Investment Corporation (NYSE:CION ) Q1 2025 Earnings Conference Call May 8, 2025 11:00 AM ET Company Participants Charlie Arestia - Managing Director & Head, Investor Relations Mark Gatto - Co-Chief Executive Officer Gregg Bresner - President & Chief Investment Officer Keith Franz - Chief Financial Officer Conference Call Participants Erik Zwick - Lucid Capital Markets Operator Greetings. Welcome to CION Investment Corporation First Quarter 2025 Earnings Call.

image for news CION Investment Corporation (CION) Q1 2025 Earnings Call Transcript

CION Investment Corporation (CION) Lags Q1 Earnings and Revenue Estimates

CION
Published: May 08, 2025 by: Zacks Investment Research
Sentiment: Negative

CION Investment Corporation (CION) came out with quarterly earnings of $0.36 per share, missing the Zacks Consensus Estimate of $0.37 per share. This compares to earnings of $0.60 per share a year ago.

image for news CION Investment Corporation (CION) Lags Q1 Earnings and Revenue Estimates

My BDC Portfolio: 2 Months In And A Clear Alpha Performance

ARCC, BIZD, CION, FDUS, KBDC, MSDL, NCDL, PBDC, TBIL
Published: May 01, 2025 by: Seeking Alpha
Sentiment: Positive

My BDC Portfolio: 2 Months In And A Clear Alpha Performance

My 3 Biggest BDC Investing Mistakes Worth Avoiding

BIZD, BXSL, CION, MSDL, OCSL, PFLT
Published: April 30, 2025 by: Seeking Alpha
Sentiment: Negative

I've been tracking major BDCs for over three years, achieving high total returns and dividends, and outperforming the BDC index. My investments in BDCs are motivated by high yield, diversification from traditional dividend picks, and the potential to outperform in an underexplored market. Yet, there have been many bumps in the process, and some of them quite painful.

image for news My 3 Biggest BDC Investing Mistakes Worth Avoiding

Worried About BDC Dividends? Consider These 3 For Durable Income

CION, FDUS, GSBD
Published: March 31, 2025 by: Seeking Alpha
Sentiment: Negative

BDC dividend investors, who want to avoid seeing their portfolio current income streams shrink have to be extra careful when picking BDCs. Largely due to unfavorable sector-wide conditions, many BDCs have already cut their dividends (just as I predicted). In my view, there are many more in line.

image for news Worried About BDC Dividends? Consider These 3 For Durable Income

My BDC Portfolio And The Strategy For Alpha Going Forward

ARCC, BIZD, CION, FDUS, KBDC, MSDL, MSIF, NCDL, PBDC, TBIL
Published: March 28, 2025 by: Seeking Alpha
Sentiment: Positive

This is my first BDC portfolio monthly performance review article. The good news is that the portfolio has done its job, outperforming the two BDC benchmarks - PBDC and BIZD. Yet, on an absolute basis, the portfolio is slightly down.

image for news My BDC Portfolio And The Strategy For Alpha Going Forward

Best Income Stocks to Buy for March 21st

CION, FHB, PFLT
Published: March 21, 2025 by: Zacks Investment Research
Sentiment: Positive

CION, PFLT and FHB made it to the Zacks Rank #1 (Strong Buy) income stocks list on March 21, 2025.

image for news Best Income Stocks to Buy for March 21st

All You Need to Know About CION Investment Corporation (CION) Rating Upgrade to Strong Buy

CION
Published: March 19, 2025 by: Zacks Investment Research
Sentiment: Positive

CION Investment Corporation (CION) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

image for news All You Need to Know About CION Investment Corporation (CION) Rating Upgrade to Strong Buy

Best Income Stocks to Buy for March 19th

CION, PSTL, THFF
Published: March 19, 2025 by: Zacks Investment Research
Sentiment: Positive

CION, PSTL and THFF made it to the Zacks Rank #1 (Strong Buy) income stocks list on March 19, 2025.

image for news Best Income Stocks to Buy for March 19th

The Moment Of Truth For BDC Dividend Investors Is Close

ARCC, BXSL, CION, GSBD, KBDC, MAIN, MSDL, MSIF, NCDL, OCSL, PNNT, TCPC, TPVG, WHF
Published: March 11, 2025 by: Seeking Alpha
Sentiment: Negative

As a structural BDC bull I have to admit that the period of BDCs consistently surprising us on the upside has come to an end. Many lower quality BDCs have already cut their dividends to sync their cash flows with less favorable private credit lending environment. I would say that the moment of truth for high quality BDCs is also very close, where we will see how really durable their base dividends are.

image for news The Moment Of Truth For BDC Dividend Investors Is Close

CION Investment Corporation Enters Into a New Three-Year $125 Million Loan Agreement With UBS

CION
Published: February 19, 2025 by: Business Wire
Sentiment: Neutral

NEW YORK--(BUSINESS WIRE)--CION Investment Corporation (NYSE: CION) (“CION”) announced today that it has terminated its existing senior secured repurchase facility with UBS AG, London Branch (“UBS”) and simultaneously entered into a new senior secured credit facility with UBS. Under the new $125 million senior secured credit facility, the credit spread on the floating interest rate payable by CION on all advances was reduced by 45 basis points, from the three-month Secured Overnight Financing R.

image for news CION Investment Corporation Enters Into a New Three-Year $125 Million Loan Agreement With UBS

About CION Investment Corporation (CION)

IPO Date 2021-10-05
Website https://www.cionbdc.com
Industry Asset Management
CEO Mr. Michael A. Reisner Esq., J.D.
Employees None

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 in other types of investments, including the securities of larger public companies and foreign securities. It also makes investments in the secondary loan market. The fund does not invest in start-up companies, turnaround situations, or companies with speculative business plans. The fund prefers to invest in high tech industries, healthcare, pharmaceuticals, business services, media, chemicals, plastic, rubber, telecommunication, consumer services, advertising, printing and publishing, consumer goods, durables, diversified financials, and other industries. It also invests in homebuilding, restaurants, beverage and tobacco bars, broadcasting, distributors, Non-durable good distribution, food beverage and tobacco, energy, oil gas and consumables fuels, insurance, aerospace and defense, industrial machinery, paper and forest product machinery, information technology, metals and mining, and real estate. It primarily seeks to invest in the United States. The fund seeks to invest between $5 million and $50 million in companies with an EBITDA between $25 million and $75 million with average targeted hold of $25 million. It also purchases minority interests in the form of common or preferred equity in the target companies, typically in conjunction with its debt investments or through a co-investment with a financial sponsor. The fund seeks to exit its investments through an initial public offering of common stock, a merger, a sale, or other recapitalization.