CION Investment Corporation: Sound BDC With De-Risked Base Dividend Yield Of 11.6% [Seeking Alpha]
CION Investment Corporation (CION)
Company Research
Source: Seeking Alpha
5.46K Follower s Follow Summary CION Investment Corporation focuses on established, cash-generating companies with annual EBITDA between $20-$75 million and has an NAV base of $861 million. It is interesting due to a P/NAV discount of 0.74x and similarities with FS KKR Capital, my top BDC pick for 2024. At the core, CION has a robust portfolio quality underpinned by very healthy credit statistics and an immaterial non-accrual base. I describe in more detail why I think that CION provides an attractive risk and reward play. Galeanu Mihai CION Investment Corporation ( NYSE: CION ) is a mid-sized BDC with a focus on established and cash-generating companies that on average deliver annual EBITDA between $20-$75 million. In terms of the size, CION ranks somewhere in the middle having an NAV base of $861 million, which is just slightly above the sector median of $839 million. The reason why I am writing an article on this BDC is related to the following three factors: M
Show less
Read more
Impact Snapshot
Event Time:
CION
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
CION alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
CION alerts
High impacting CION Investment Corporation news events
Weekly update
A roundup of the hottest topics
CION
News
- CION Investments and GCM Grosvenor Announce SEC Effectiveness of the CION Grosvenor Infrastructure FundBusiness Wire
- CION Investment Corporation (CION) Q3 2024 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
- CION Invt Corp (CION) Q3 2024 Earnings Call Highlights: Navigating Market Volatility with ... [Yahoo! Finance]Yahoo! Finance
- CION Investment Corporation Reports Third Quarter 2024 Financial ResultsBusiness Wire
- CION Investment Co. (NYSE: CION) had its price target lowered by analysts at Wells Fargo & Company from $12.00 to $11.50. They now have an "equal weight" rating on the stock.MarketBeat
CION
Sec Filings
- 11/22/24 - Form 4
- 11/21/24 - Form 4
- 11/18/24 - Form 4
- CION's page on the SEC website