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CION 
Cion Investment Corp (CION)
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Upturn Advisory Summary
12/26/2025: CION (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Number of Analysts
3 Analysts rated it
Very few follow this stock; limited insights, higher-risk early investing.
1 Year Target Price $10.67
1 Year Target Price $10.67
| 1 | Strong Buy |
| 0 | Buy |
| 1 | Hold |
| 0 | Sell |
| 1 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 1.51% | Avg. Invested days 43 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  3.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 12/26/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 499.51M USD | Price to earnings Ratio 19.57 | 1Y Target Price 10.67 |
Price to earnings Ratio 19.57 | 1Y Target Price 10.67 | ||
Volume (30-day avg) 3 | Beta 1.04 | 52 Weeks Range 7.63 - 11.01 | Updated Date 12/28/2025 |
52 Weeks Range 7.63 - 11.01 | Updated Date 12/28/2025 | ||
Dividends yield (FY) 15.13% | Basic EPS (TTM) 0.49 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 10.59% | Operating Margin (TTM) 77.66% |
Management Effectiveness
Return on Assets (TTM) 6.15% | Return on Equity (TTM) 3.22% |
Valuation
Trailing PE 19.57 | Forward PE 6.61 | Enterprise Value 1570115328 | Price to Sales(TTM) 2.04 |
Enterprise Value 1570115328 | Price to Sales(TTM) 2.04 | ||
Enterprise Value to Revenue 41.78 | Enterprise Value to EBITDA - | Shares Outstanding 51670947 | Shares Floating - |
Shares Outstanding 51670947 | Shares Floating - | ||
Percent Insiders 0.58 | Percent Institutions 38.92 |
Upturn AI SWOT
Cion Investment Corp
Company Overview
History and Background
Cion Investment Corp. (NYSE: CION) is a business development company (BDC) formed in 2013, though its operational history and investment activities trace back through predecessor entities. It primarily focuses on originating and investing in a diversified portfolio of debt and equity instruments of privately held U.S. middle-market companies. The company aims to generate current income and capital appreciation for its shareholders.
Core Business Areas
- Senior Secured Loans: Investments in first lien, floating rate loans to U.S. middle-market companies, offering a high degree of downside protection.
- Subordinated Debt: Investments in mezzanine debt, often with equity co-investments, providing higher potential returns but with increased risk.
- Preferred and Common Equity: Direct equity investments in middle-market companies, typically alongside debt investments, seeking capital appreciation.
Leadership and Structure
Cion Investment Corp. is externally managed by CION Investment Management, LLC. The management team is led by Michael R. Bromwich (CEO), Robert J. Gmelich (President), and Brad G. Schlosser (Chief Investment Officer). The company operates under a board of directors responsible for overseeing the management and strategic direction.
Top Products and Market Share
Key Offerings
- Senior Secured Loans: The primary offering involves providing senior secured loans to middle-market companies. These loans are typically floating rate, reducing interest rate sensitivity. While specific market share for this product within the BDC space is difficult to quantify precisely, CION aims to be a significant lender in this segment. Key competitors include other BDCs and private credit funds.
- Diversified Credit Investments: CION offers investors exposure to a diversified portfolio of credit investments across various industries and company stages, focusing on middle-market businesses. This diversified approach is a key selling point. Competitors include other BDCs, traditional asset managers with private credit strategies, and investment banks.
Market Dynamics
Industry Overview
The U.S. middle-market lending sector, where CION operates, is characterized by a significant funding gap filled by non-bank lenders. The industry is influenced by macroeconomic conditions, interest rate movements, and regulatory changes affecting financial institutions. The demand for private credit solutions remains robust due to the limited access to traditional bank financing for many middle-market companies.
Positioning
CION is positioned as a provider of flexible and customized financing solutions to U.S. middle-market companies. Its competitive advantages include its experienced management team, diversified investment strategy, and its ability to structure complex deals. As a BDC, it offers investors a way to gain exposure to private credit markets with liquidity typically associated with publicly traded securities.
Total Addressable Market (TAM)
The TAM for middle-market lending in the U.S. is substantial, estimated in the hundreds of billions of dollars annually. CION, as one entity within the BDC and private credit universe, targets a significant portion of this market by focusing on companies with EBITDA typically between $5 million and $50 million. Its positioning is as a significant player within this specific sub-segment of the broader lending market.
Upturn SWOT Analysis
Strengths
- Experienced management team with deep industry knowledge.
- Diversified investment portfolio across industries and company types.
- Focus on floating rate senior secured loans provides some protection against rising interest rates.
- Access to public markets for capital raising.
- Established track record of originating and managing debt and equity investments.
Weaknesses
- Reliance on external management may lead to agency conflicts.
- Sensitivity to economic downturns affecting middle-market borrowers.
- Potential for valuation volatility in equity investments.
- Operational complexity of managing a diverse portfolio.
Opportunities
- Continued demand for private credit solutions from middle-market companies.
- Potential for accretive acquisitions of loan portfolios or investment management businesses.
- Expansion into new geographic or industry segments.
- Ability to leverage market inefficiencies in private debt markets.
- Interest rate environment potentially favoring floating rate debt.
Threats
- Increased competition from other BDCs and private credit funds.
- Rising interest rates increasing borrowing costs for portfolio companies.
- Economic recession leading to increased defaults.
- Changes in regulatory environment for BDCs.
- Potential for increased loan loss provisions.
Competitors and Market Share
Key Competitors
- Apollo Investment Corporation (AINV)
- BlackRock Capital Investment Corporation (BKCC)
- FS KKR Capital Corp. (FSK)
- Golub Capital BDC, Inc. (GBDC)
Competitive Landscape
CION competes in a fragmented but growing market for middle-market lending. Its advantages lie in its focused strategy and management expertise. However, it faces intense competition from larger, more established BDCs and alternative lenders with significant capital pools. Its ability to offer competitive pricing and flexible deal structures is crucial for maintaining and growing its market share.
Growth Trajectory and Initiatives
Historical Growth: CION has experienced growth in its asset base and investment portfolio since its inception. This growth has been driven by its ability to originate new investments, supplement capital through public offerings, and potentially through strategic acquisitions. Its NAV per share and total assets under management are key indicators of historical growth.
Future Projections: Future projections for CION are contingent on its ability to continue originating quality investments, manage its portfolio effectively, and navigate the evolving credit landscape. Analyst estimates may focus on future dividend potential, NAV growth, and potential expansion of its investment strategies. The growth of the middle-market lending sector itself is a positive indicator.
Recent Initiatives: Recent initiatives may include expanding its investment team, refining its underwriting processes, exploring new asset classes within private credit, or optimizing its capital structure. Strategic partnerships or significant new investment platforms could also be highlighted.
Summary
Cion Investment Corp. is a BDC with a solid foundation in middle-market lending, driven by an experienced management team and a diversified portfolio. Its focus on senior secured loans offers a degree of safety, while opportunities in equity and subordinated debt aim for higher returns. The company faces competition from a growing number of private credit players and must remain agile to navigate economic uncertainties and maintain its dividend payout, which is a key attraction for investors. Careful management of credit risk and efficient capital deployment are critical for its continued success.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Cion Investment Corp. Investor Relations
- SEC Filings (10-K, 10-Q)
- Financial News and Analysis Websites (e.g., Bloomberg, Reuters, Yahoo Finance)
Disclaimers:
This JSON output is for informational purposes only and does not constitute financial advice. Market share data is estimated and may not reflect precise real-time figures. Past performance is not indicative of future results. Investors should conduct their own due diligence before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Cion Investment Corp
Exchange NYSE | Headquaters New York, NY, United States | ||
IPO Launch date 2021-10-05 | Co-Founder, Co-Chairman & Co-CEO Mr. Michael A. Reisner Esq., J.D. | ||
Sector Financial Services | Industry Asset Management | Full time employees - | Website https://www.cionbdc.com |
Full time employees - | Website https://www.cionbdc.com | ||
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 investments. 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 $30 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.
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