Wells Fargo initiated coverage on CION Invt with a new price target
$CION
Finance/Investors Services
Finance
Wells Fargo initiated coverage of CION Invt with a rating of Equal-Weight and set a new price target of $12.50
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| 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 |
4 - CION Investment Corp (0001534254) (Issuer)
4 - CION Investment Corp (0001534254) (Issuer)
4 - CION Investment Corp (0001534254) (Issuer)
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
8-K - CION Investment Corp (0001534254) (Filer)
8-K - CION Investment Corp (0001534254) (Filer)
CERT - CION Investment Corp (0001534254) (Filer)
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
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
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.
4 - CION Investment Corp (0001534254) (Issuer)
4 - CION Investment Corp (0001534254) (Issuer)
4 - CION Investment Corp (0001534254) (Issuer)
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