CION Investment Corp (CION) Stock Price & Analysis
CION Stock Chart & Stats
- Day’s Range
- ILA 0.00 - ILA 0.00
- 52-Week Range
- ILA 1,610.84 - ILA 2,572.29
- Previous Close
- ILA 1,631.00
- Volume
- 140
- Average Volume (3M)
- 0
- Market Cap
- ILS 1.08B
- Enterprise Value
- ILS 1.31B
- Total Cash (Recent Filing)
- ILS 162.60M
- Total Debt (Recent Filing)
- ILS 1.16B
- Price to Earnings (P/E)
- 115.6
- Beta
- 0.05
- Next Earnings
- Nov 05, 2026 (Est.)
- EPS Estimate
- 92.76
- Next Dividend Ex-Date
- Nov 13, 2026
- Dividend Yield
- 24.08%
Bulls Say, Bears Say
Bulls Say
Defensive Senior-secured Portfolio
A predominantly first-lien portfolio provides stronger collateral and repayment priority than junior credit exposure. The decline in non-accruals also indicates improving current portfolio performance, supporting income durability and reducing the likelihood that credit losses materially impair NAV over the next several quarters.
Deleveraging And Balance-sheet Strengthening
Major debt repayments and the joint venture are structurally improving CION’s funding profile while preserving exposure to its core lending market. Lower leverage should reduce interest burden, improve resilience through credit cycles, and create greater flexibility for future capital allocation and portfolio management.
Recurring Cash Generation And Liquidity
Positive operating and free cash flow provide an important foundation for distributions, debt repayment, and ongoing portfolio operations. Combined with substantial cash and available facilities, this liquidity gives CION capacity to meet obligations and manage repayments without relying solely on new investment funding.
Bears Say
Loss-making Earnings Profile
The shift from prior profitability to sustained losses weakens the reliability of earnings available to support distributions and grow NAV. If losses persist, CION may need to rely more heavily on portfolio realizations, balance-sheet actions, or reduced investment activity to maintain financial stability.
Elevated Leverage And Credit Exposure
Leverage above equity amplifies the effect of portfolio marks and credit losses on shareholder capital, while the rise in risk-rated 3 assets signals increasing borrower or investment risk. Together, these factors can pressure NAV, earnings, and financial flexibility if credit conditions weaken.
Originations And Earning Assets Contracting
Prioritizing repurchases and deleveraging over new originations may improve near-term balance-sheet risk, but it also limits portfolio growth and future interest income generation. Continued contraction in earning assets could make it harder to offset repayments, reduce income, and rebuild profitability.
CION Investment Corp News
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CION Investment Corp Stock Smart Score
Company Description
CION Investment Corp
CION Investment Corporation operates as a Business Development Company (BDC) with a core focus on providing capital to middle-market businesses. It specializes in various debt instruments, including senior secured loans (such as unitranche, First Lien, and second lien loans), long-term subordinated loans, mezzanine debt, corporate bonds, and other debt securities. Additionally, the firm acquires equity interests, like warrants or options, in these target companies. CION supports diverse corporate initiatives, ranging from funding for growth and acquisitions to leveraged buyouts, market and product expansion, refinancing existing debt, and recapitalization efforts. Up to 30% of its assets may also be allocated to opportunistic investments, which can include securities issued by larger public corporations and foreign holdings. The company actively participates in the secondary loan market but explicitly avoids investing in start-up ventures, companies undergoing turnaround situations, or those with speculative business models. Its investment activities are predominantly focused within the United States. CION demonstrates a broad investment appetite across numerous sectors, including high technology, healthcare, pharmaceuticals, business services, media, chemicals, plastics, rubber, telecommunications, consumer services, advertising, printing and publishing, consumer goods (both durables and non-durables), diversified financials, homebuilding, restaurants, hospitality (beverage and tobacco bars), broadcasting, various distribution channels, food and beverage, energy (oil, gas, and consumables fuels), insurance, aerospace and defense, industrial machinery, paper and forest products, information technology, metals and mining, and real estate. Typically, the firm commits between $5 million and $50 million per investment to companies generating an EBITDA of $25 million to $75 million, with an average target hold size of $25 million. CION also acquires minority stakes, in the form of either common or preferred equity, within target companies. These equity investments are generally made in conjunction with its debt offerings or through co-investments alongside financial sponsors. Successful exits from its investments are usually achieved via an initial public offering (IPO), a merger, a direct sale, or other recapitalization events.
- Sector
- Financial
- Industry
- Asset Management
- CEO
- Michael A. Reisner
- Employees
- 500
- Website
- www.cionbdc.com
- Address
- 3 Park Avenue, New York City, NY, 10017, US
CION Investment Corp (CION) Earnings & Revenues
CION Earnings Call
Earnings Call SentimentPositive
The call emphasized meaningful progress: NAV growth (+3.5% QoQ), improved NII ($0.29 vs $0.25), validated portfolio marks via >$64M of sales at ~99% of par, clear deleveraging actions (net debt/equity down to 1.52x with a ~1.35x target), increased repurchase authorization ($130M), strong liquidity (~$160M cash) and a defensive portfolio mix (~79% first-lien, ~98% risk-rated 3+). Headwinds include continued market skepticism reflected in a deep market-price discount, selective credit issues (Thrill 1 bankruptcy, Lux Credit realized loss), a rise in risk-rated 3 exposures, and a deliberate pause on new originations to prioritize repurchases. On balance, the operational and balance-sheet improvements and the validation of valuation marks outweigh the challenges, though the market valuation remains a headwind.
View all IL:CION earnings summariesTechnical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 9 | 2 | 9 |
| Technical Analysis | 3 | 2 | 3 |
| Moving Averages | 6 | 0 | 6 |