CION Investment Corporation is a business development company specializing in investments in senior secured loans, including unitranche loans, 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 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 prefer 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 invest 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 of $50 million or less. 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.
IPO Year: 2021
Exchange: NYSE
Website: cioninvestments.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
6/20/2023 | $11.50 | Market Perform | Hovde Group |
4/18/2023 | $10.50 → $9.25 | Overweight → Equal Weight | Wells Fargo |
7/25/2022 | $11.50 → $9.50 | Equal Weight → Overweight | Wells Fargo |
11/1/2021 | $12.50 | Equal-Weight | Wells Fargo |
CION Investment Corporation (NYSE:CION) ("CION"), a leading publicly listed business development company focused on the U.S. middle market, is pleased to announce the appointment of Charlie Arestia as Managing Director and Head of Investor Relations. In this key role, Mr. Arestia will play a pivotal part in fostering and expanding relationships with CION's valued investors. Mr. Arestia will be based in New York and will work closely with CION's senior management and help coordinate all aspects of CION's investor relations activities. Mr. Arestia brings a wealth of experience in investor relations as well as a deep understanding of specialty finance and business development companies, havi
Invacare Corporation (NYSE:IVC) today announced the appointment of Aron I. Schwartz, age 51, to its Board of Directors, effective March 21, 2022. Mr. Schwartz currently serves as Managing Partner of ACON Investments, a private equity firm based in Washington, D.C. Mr. Schwartz has a wide range of financial experience in managing and overseeing companies across multiple industries, including companies undergoing strategic transformation. Mr. Schwartz was unanimously appointed by the current members of the Board and will serve on the company's Audit Committee and its Nominating and Governance Committee. His appointment brings the number of Invacare directors to a total of nine, eight of whom
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CION Investments (CION), a leading alternative investment solutions platform, and GCM Grosvenor, (NASDAQ:GCMG), a global alternative asset management firm, are pleased to announce the CION Grosvenor Infrastructure Fund ("CGIF" or "the Fund") has been declared effective by the SEC. CGIF has an innovative interval fund structure that allows individual investors, through their financial advisors, access to GCM Grosvenor's institutional private infrastructure platform. The Fund expects to launch with approximately $300 million of seed capital sourced from a major institutional investor. Before commencing distribution, the Fund anticipates merging with a seasoned portfolio of $220 million in c
Solid Performance and Increased Financial Flexibility CION Investment Corporation (NYSE:CION) ("CION" or the "Company") today reported financial results for the third quarter ended September 30, 2024 and filed its Form 10-Q with the U.S. Securities and Exchange Commission. CION also announced that, on November 4, 2024, its co-chief executive officers declared a fourth quarter 2024 base distribution of $0.36 per share, payable on December 16, 2024 to shareholders of record as of December 2, 2024. THIRD QUARTER AND OTHER HIGHLIGHTS Net investment income and earnings per share for the quarter ended September 30, 2024 were $0.40 per share and $(0.01) per share, respectively; Net asset va
CION Ares Management LLC ("CAM"), a joint venture between affiliates of CION Investments ("CION"), a leading manager and distributor of alternative investment solutions for individual investors, and Ares Management Corporation ("Ares"), a leading global alternative investment manager, announced that CION Ares Diversified Credit Fund ("CADC" or the "Fund") recently surpassed $6 billion in total assets under management. CION co-CEO Michael Reisner noted, "We introduced a diversified credit strategy in an interval fund structure in 2017 because we believed that individual investors, through their financial advisors, should have access to the benefits that the private markets can bring in achi
Call Scheduled for 11:00 a.m. ET on Thursday, November 7, 2024 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 approximately 10 minutes before start time. An accompanying slide presentation will be available in PDF format in the Investor Resources section of CION's website at
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 redeemed in whole or in part at any time or from time to time at the Company's option on or after December 30, 2026. The Notes will be issued in denominations of $25 and integral multiples of $25 in excess thereof and will bear
Senior Unsecured Notes are Rated Investment Grade 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% per year and subject to a 2.00% SOFR floor, which will be paid quarterly commencing on November 15, 2024. The Notes will mature on November 8, 2027 and may be redeemed in whole
CION Investments (CION), a leading alternative investment solutions platform, and GCM Grosvenor, (NASDAQ:GCMG), a global alternative asset management firm, are pleased to announce a strategic partnership to enhance individual investors' access to private market assets through their financial advisors. CION Investments and GCM Grosvenor's joint venture will leverage CION's extensive market insights, distribution prowess and product management capabilities in combination with GCM Grosvenor's deep infrastructure and private markets expertise. With an initial focus on infrastructure, CGM aims to develop scalable investment solutions to provide individual investors with enhanced access to priva
Disciplined Capital Deployment Contributes to Net Portfolio Growth CION Investment Corporation (NYSE:CION) ("CION" or the "Company") today reported financial results for the second quarter ended June 30, 2024 and filed its Form 10-Q with the U.S. Securities and Exchange Commission. CION also announced that, on August 5, 2024, its co-chief executive officers declared a third quarter 2024 base distribution of $0.36 per share, payable on September 17, 2024 to shareholders of record as of September 3, 2024. SECOND QUARTER AND OTHER HIGHLIGHTS Net investment income and earnings per share for the quarter ended June 30, 2024 were $0.43 per share and $0.42 per share, respectively; Net a
CION Investment Corporation (NYSE:CION) ("CION") announced today that it has amended and extended its $675 million senior secured credit facility with JPMorgan Chase Bank, National Association. Under the amendment, the credit spread on the floating interest rate payable on all borrowings was reduced from the three-month Secured Overnight Financing Rate ("SOFR") plus a credit spread of 3.20% per year to SOFR plus a credit spread of 2.55% per year. Also under the amendment, the reinvestment period was extended from July 15, 2024 to June 15, 2026 and the maturity date was extended from May 15, 2025 to June 15, 2027. CION incurred certain customary costs and expenses in connection with the
Call Scheduled for 11:00 a.m. ET on Thursday, August 8, 2024 CION Investment Corporation (NYSE:CION) ("CION") announced today that it will report its financial results for the second quarter ended June 30, 2024 on Thursday, August 8, 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 approximately 10 minutes before start time. An accompanying slide presentation will be available in PDF format in the Investor Resources – Events and Presentations secti
Hovde Group initiated coverage of CION Investment with a rating of Market Perform and set a new price target of $11.50
Wells Fargo downgraded CION Investment from Overweight to Equal Weight and set a new price target of $9.25 from $10.50 previously
Wells Fargo upgraded CION Investment from Equal Weight to Overweight and set a new price target of $9.50 from $11.50 previously
Wells Fargo initiated coverage of CION Invt with a rating of Equal-Weight and set a new price target of $12.50
Solid Performance and Increased Financial Flexibility CION Investment Corporation (NYSE:CION) ("CION" or the "Company") today reported financial results for the third quarter ended September 30, 2024 and filed its Form 10-Q with the U.S. Securities and Exchange Commission. CION also announced that, on November 4, 2024, its co-chief executive officers declared a fourth quarter 2024 base distribution of $0.36 per share, payable on December 16, 2024 to shareholders of record as of December 2, 2024. THIRD QUARTER AND OTHER HIGHLIGHTS Net investment income and earnings per share for the quarter ended September 30, 2024 were $0.40 per share and $(0.01) per share, respectively; Net asset va
Call Scheduled for 11:00 a.m. ET on Thursday, November 7, 2024 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 approximately 10 minutes before start time. An accompanying slide presentation will be available in PDF format in the Investor Resources section of CION's website at
Disciplined Capital Deployment Contributes to Net Portfolio Growth CION Investment Corporation (NYSE:CION) ("CION" or the "Company") today reported financial results for the second quarter ended June 30, 2024 and filed its Form 10-Q with the U.S. Securities and Exchange Commission. CION also announced that, on August 5, 2024, its co-chief executive officers declared a third quarter 2024 base distribution of $0.36 per share, payable on September 17, 2024 to shareholders of record as of September 3, 2024. SECOND QUARTER AND OTHER HIGHLIGHTS Net investment income and earnings per share for the quarter ended June 30, 2024 were $0.43 per share and $0.42 per share, respectively; Net a
Call Scheduled for 11:00 a.m. ET on Thursday, August 8, 2024 CION Investment Corporation (NYSE:CION) ("CION") announced today that it will report its financial results for the second quarter ended June 30, 2024 on Thursday, August 8, 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 approximately 10 minutes before start time. An accompanying slide presentation will be available in PDF format in the Investor Resources – Events and Presentations secti
Strong Operating Performance Drives Record Quarterly Net Investment Income and Increased Second Quarter 2024 Base Distribution to $0.36 per Share CION Investment Corporation (NYSE:CION) ("CION" or the "Company") today reported financial results for the first quarter ended March 31, 2024 and filed its Form 10-Q with the U.S. Securities and Exchange Commission. CION also announced that, on May 6, 2024, its co-chief executive officers declared a second quarter 2024 base distribution of $0.36 per share, payable on June 17, 2024 to shareholders of record as of June 3, 2024, which is an increase of $0.02 per share, or 5.9%, from the $0.34 per share base distribution paid by the Company during
Call Scheduled for 11:00 a.m. ET on Thursday, May 9, 2024 CION Investment Corporation (NYSE:CION) ("CION") announced today that it will report its financial results for the first quarter ended March 31, 2024 on Thursday, May 9, 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 approximately 10 minutes before start time. An accompanying slide presentation will be available in PDF format in the Investor Resources – Events and Presentations section of
Reports Another Quarter of Strong Financial Performance, Recording Distributions of $0.54 per Share and Achieving a $0.43 per Share Increase in NAV Announces First Quarter 2024 Base Distribution of $0.34 per Share CION Investment Corporation (NYSE:CION) ("CION" or the "Company") today reported financial results for the fourth quarter and year ended December 31, 2023 and filed its Form 10-K with the U.S. Securities and Exchange Commission. CION also announced that, on March 11, 2024, its co-chief executive officers declared a first quarter 2024 base distribution of $0.34 per share payable on March 28, 2024 to shareholders of record as of March 22, 2024. FOURTH QUARTER AND OTHER HIGHL
Call Scheduled for 11:00 a.m. ET on Thursday, March 14, 2024 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, 2023 on Thursday, March 14, 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 approximately 10 minutes before start time. An accompanying slide presentation will be available in PDF format in the Investor Resources – Events and P
NEW YORK, Dec. 08, 2023 (GLOBE NEWSWIRE) -- Keefe, Bruyette & Woods, Inc., a leading specialist investment bank to the financial services and fintech sectors, and a wholly owned subsidiary of Stifel Financial Corp. (NYSE:SF), announces the upcoming index rebalancing for the fourth quarter of 2023. This quarter, there are constituent changes within four of our indexes: the KBW Nasdaq Financial Sector Dividend Yield Index (Index Ticker: KDX, ETF Ticker: KBWD), KBW Nasdaq Financial Technology Index (Index Ticker: KFTX, ETF Ticker: FTEK.LN), KBW Nasdaq Global Bank Index (Index Ticker: GBKX), and KBW Nasdaq Premium Yield Equity REIT Index (Index Ticker: KYX, ETF Ticker: KBWY). There are a num
Reports Another Solid Quarterly Performance, Out Earning the Total Distribution by 41% and Achieving a $0.49 per Share Increase in NAV Announces Fourth Quarter 2023 Base Distribution of $0.34 per Share CION Investment Corporation (NYSE:CION) ("CION" or the "Company") today reported financial results for the third quarter ended September 30, 2023 and filed its Form 10-Q with the U.S. Securities and Exchange Commission. CION also announced that, on November 6, 2023, its co-chief executive officers declared a fourth quarter 2023 regular distribution of $0.34 per share payable on December 15, 2023 to shareholders of record as of December 1, 2023. THIRD QUARTER AND OTHER HIGHLIGHTS Ne
Distributions Declared in the First Half of 2024 Total $0.75 Per ShareCION Investment Corporation (NYSE:CION) ("CION") today announced that it has declared a mid-year supplemental distribution for the period ending June 30, 2024 in the amount of $0.05 per share, payable on July 12, 2024 to shareholders of record as of June 28, 2024.Michael A. Reisner, co-CEO of CION stated, "We are pleased to announce our mid-year supplemental distribution, based on the sustained performance of our conservatively positioned investment portfolio. We remain focused on generating attractive returns for CION shareholders and believe our recently increased quarterly base distribution in addition to our supplement
Wells Fargo analyst Finian O'Shea maintains CION Invt (NYSE:CION) with a Equal-Weight and raises the price target from $11.5 to $12.
CION Invt (NYSE:CION) reported quarterly earnings of $0.60 per share which beat the analyst consensus estimate of $0.41 by 46.34 percent. This is a 11.11 percent increase over earnings of $0.54 per share from the same period last year. The company reported quarterly sales of $73.554 million which beat the analyst consensus estimate of $57.234 million by 28.51 percent. This is a 13.20 percent increase over sales of $64.975 million the same period last year.
Although U.S. stocks closed mixed on Thursday, there were a few notable insider trades. When insiders purchase shares, it indicates their confidence in the company's prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision. Below is a look at a few recent notable insider purchases. For more, check out Benzinga's insider transactions platform. CION Investment The Trade: CION Investment Corporation (NYSE:CION) Co-Chairman & Co-CEO Mark Gatto acquired a total of 1,150
CION Invt (NYSE:CION) reported quarterly earnings of $0.40 per share which missed the analyst consensus estimate of $0.41 by 2.44 percent. This is a 6.98 percent decrease over earnings of $0.43 per share from the same period last year. The company reported quarterly sales of $60.00 million which beat the analyst consensus estimate of $58.33 million by 2.86 percent. This is a 8.11 percent increase over sales of $55.50 million the same period last year.
CION Invt (NYSE:CION) reported quarterly earnings of $1.92 per share which missed the analyst consensus estimate of $1.93 by 0.52 percent. This is a 23.08 percent increase over earnings of $1.56 per share from the same period last year. The company reported quarterly sales of $251.010 million which beat the analyst consensus estimate of $249.338 million by 0.67 percent. This is a 28.79 percent increase over sales of $194.898 million the same period last year.
Companies Reporting Before The Bell • Pharming (NASDAQ:PHAR) is projected to report earnings for its fourth quarter. • ImmunoPrecise Antibodies (NASDAQ:IPA) is likely to report quarterly loss at $0.07 per share on revenue of $4.50 million. • G-III Apparel Group (NASDAQ:GIII) is projected to report quarterly earnings at $0.67 per share on revenue of $817.48 million. • Dick's Sporting Goods (NYSE:DKS) is estimated to report quarterly earnings at $3.35 per share on revenue of $3.80 billion. • Protalix BioTherapeutics (AMEX:PLX) is likely to report quarterly loss at $0.03 per share on revenue of $5.80 million. • Hello Gr (NASDAQ:MOMO) is likely to report quarterly earnings at $0.34 per sha
CION Invt (NYSE:CION) is set to give its latest quarterly earnings report on Thursday, 2024-03-14. Here's what investors need to know before the announcement. Analysts estimate that CION Invt will report an earnings per share (EPS) of $0.41. CION Invt bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter. New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast). Past Earnings Performance Last quarter the company beat EPS by $0.16, which was followed by a 3.66% increase in the share price the
Total Distributions Declared in 2023 Increased to $1.61 Per ShareCION Investment Corporation (NYSE:CION) ("CION") today announced that it has declared a special cash distribution for the year ending December 31, 2023 in the amount of $0.15 per share, payable on January 31, 2024 to shareholders of record as of December 22, 2023, which results in an increase in total distributions declared in 2023 of $0.16 per share, or 11.0%, from total distributions declared for the year ended December 31, 2022 of $1.45 per share. This special year-end distribution also results in a declared distribution yield1 of 15.5% for the year-to-date period through December 13, 2023, which is an increase of 14.0% year
Companies Reporting Before The Bell • Indivior (NASDAQ:INDV) is expected to report quarterly earnings at $0.30 per share on revenue of $265.00 million. • AstraZeneca (NASDAQ:AZN) is projected to report quarterly earnings at $0.84 per share on revenue of $11.66 billion. • Sony Group (NYSE:SONY) is projected to report quarterly earnings at $1.16 per share on revenue of $19.39 billion. • ArcelorMittal (NYSE:MT) is estimated to report earnings for its third quarter. • Wix.com (NASDAQ:WIX) is estimated to report quarterly earnings at $0.67 per share on revenue of $389.83 million. • Vanguard Extended Duration Treasury ETF (NYSE:EDV) is projected to report quarterly earnings at $0.26 per shar