CION Investment Corporation (CION)Financial Services | Asset Management | New York, United States | NYSE
7.75 USD
+0.22
(2.922%)
⇧
(April 17, 2026, 4 p.m.
EDT)
After hours: 7.67 -0.08 (-0.080%) ⇩ (April 17, 2026, 6 p.m. EDT) Short-term: ★★☆☆☆ | Long-term: ★☆☆☆☆ | Dividends: ★★★☆☆ |
Hot Take | April 19, 2026, 1:03 a.m. EDT
A 'value trap' facing structural underperformance. While the 16% yield is attractive on paper, the payout ratio signals the dividend is effectively eroding NAV (Earnings are negative). The recent Q4 miss and technical downtrend confirm that the consensus is fading, making the high yield a liability rather than an asset. |
| Model | MAE |
|---|---|
| MSTL ✓ | 0.168235 |
| AutoETS | 0.168857 |
| AutoARIMA | 0.169000 |
| AutoTheta | 0.169821 |
Forecast horizon: 45 days | Selected: MSTL
| Forecast Reliability | |
|---|---|
| Score | 42% |
| H-stat | 17.00 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.126 |
| Excess Kurtosis | -1.48 |
| Attribute | Value |
|---|---|
| Sector | Financial Services |
| Ex Dividend Date | 2026-05-14 |
| Last Dividend Date | 2026-04-09 |
| Debt to Equity Ratio | 159.064 |
| Revenue per Share | 4.601 |
| Market Cap | 400,449,856 |
| Forward P/E | 7.60 |
| Beta | 1.11 |
| Profit Margins | -8.57% |
| Website | https://www.cionbdc.com |
As of April 19, 2026, 1:03 a.m. EDT: Speculator positioning is heavily skewed bearish for the immediate upcoming expiration (Apr 17). There is massive Open Interest on front-month puts (3x the OTM Call OI), indicating strong hedging bearishness. July and 9-month expiry flows show higher Call OTM positioning relative to the immediate term, suggesting a view for potential medium-term stabilization or modest upside, but the near-term bias remains defensive.
| Last Yield | 1yr Yield | 3yr Avg | 5yr Avg |
|---|---|---|---|
| 1.45% | 17.46% | 18.66% | — |
| Date | Dividend | Yield % |
|---|---|---|
| 2026-04-10 | 0.10 | 1.445087 |
| 2026-03-13 | 0.10 | 1.548559 |
| 2026-02-13 | 0.10 | 1.191179 |
| 2026-01-16 | 0.10 | 1.101801 |
| 2025-12-01 | 0.36 | 3.924949 |
| 2025-09-02 | 0.36 | 3.808643 |
| 2025-06-02 | 0.36 | 4.444327 |
| 2025-03-28 | 0.36 | 4.037501 |
| 2024-12-30 | 0.05 | 0.538781 |
| 2024-12-02 | 0.36 | 3.855203 |
| 2024-09-03 | 0.36 | 3.815957 |
| 2024-06-28 | 0.05 | 0.533811 |
| 2024-06-03 | 0.36 | 3.824596 |
| 2024-03-21 | 0.34 | 4.270904 |
| 2023-12-28 | 0.05 | 0.603546 |
| 2023-12-21 | 0.15 | 1.820176 |
| 2023-11-30 | 0.34 | 4.516100 |
| 2023-09-28 | 0.05 | 0.688036 |
| 2023-08-31 | 0.34 | 4.622136 |
| 2023-05-31 | 0.34 | 5.402510 |
| 2023-03-23 | 0.34 | 5.547139 |
| 2022-12-29 | 0.27 | 4.464300 |
| 2022-11-30 | 0.31 | 5.084798 |
| 2022-08-31 | 0.31 | 5.485745 |
| 2022-05-31 | 0.28 | 4.486822 |
| 2022-03-22 | 0.28 | 3.608027 |
| 2021-12-15 | 0.20 | 2.950564 |
| 2021-11-30 | 0.26 | 3.409720 |
| Attribute | Value |
|---|---|
| 52 Week Change | -0.16576964 |
| Address1 | 100 Park Avenue |
| Address2 | 25th Floor |
| All Time High | 15.09 |
| All Time Low | 6.5 |
| Ask | 7.69 |
| Ask Size | 2,000 |
| Average Daily Volume10 Day | 640,550 |
| Average Daily Volume3 Month | 620,067 |
| Average Volume | 620,067 |
| Average Volume10Days | 640,550 |
| Beta | 1.106 |
| Bid | 7.74 |
| Bid Size | 1,800 |
| Book Value | 13.762 |
| City | New York |
| Country | United States |
| Crypto Tradeable | 0 |
| Currency | USD |
| Current Price | 7.75 |
| Current Ratio | 1.936 |
| Custom Price Alert Confidence | HIGH |
| Date Short Interest | 1,774,915,200 |
| Day High | 7.835 |
| Day Low | 7.6 |
| Debt To Equity | 159.064 |
| Display Name | CION Inv |
| Dividend Date | 1,782,432,000 |
| Dividend Rate | 1.2 |
| Dividend Yield | 15.48 |
| Earnings Call Timestamp End | 1,746,716,400 |
| Earnings Call Timestamp Start | 1,746,716,400 |
| Earnings Timestamp End | 1,754,915,400 |
| Earnings Timestamp Start | 1,754,483,400 |
| Ebitda Margins | 0.0 |
| Enterprise To Revenue | 6.265 |
| Enterprise Value | 1,508,769,024 |
| Eps Current Year | 1.15667 |
| Eps Forward | 1.02 |
| Eps Trailing Twelve Months | -0.39 |
| Esg Populated | 0 |
| Ex Dividend Date | 1,778,803,200 |
| Exchange | NYQ |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fax | 212-418-4739 |
| Fifty Day Average | 7.6424 |
| Fifty Day Average Change | 0.10760021 |
| Fifty Day Average Change Percent | 0.014079375 |
| Fifty Two Week Change Percent | -16.576963 |
| Fifty Two Week High | 10.93 |
| Fifty Two Week High Change | -3.1800003 |
| Fifty Two Week High Change Percent | -0.29094237 |
| Fifty Two Week Low | 6.5 |
| Fifty Two Week Low Change | 1.25 |
| Fifty Two Week Low Change Percent | 0.1923077 |
| Fifty Two Week Range | 6.5 - 10.93 |
| Financial Currency | USD |
| First Trade Date Milliseconds | 1,633,440,600,000 |
| Forward Eps | 1.02 |
| Forward P E | 7.598039 |
| Free Cashflow | 77,199,872 |
| Full Exchange Name | NYSE |
| Gmt Off Set Milliseconds | -14,400,000 |
| Gross Margins | 1.0 |
| Gross Profits | 240,820,992 |
| Has Pre Post Market Data | 1 |
| Held Percent Insiders | 0.00624 |
| Held Percent Institutions | 0.39728 |
| Implied Shares Outstanding | 51,670,947 |
| Industry | Asset Management |
| Industry Disp | Asset Management |
| Industry Key | asset-management |
| Is Earnings Date Estimate | 1 |
| Language | en-US |
| Last Dividend Date | 1,775,779,200 |
| Last Dividend Value | 0.1 |
| Last Fiscal Year End | 1,767,139,200 |
| Long Business Summary | 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. |
| Long Name | CION Investment Corporation |
| Market | us_market |
| Market Cap | 400,449,856 |
| Market State | CLOSED |
| Max Age | 86,400 |
| Message Board Id | finmb_144979041 |
| Most Recent Quarter | 1,767,139,200 |
| Net Income To Common | -20,631,000 |
| Next Fiscal Year End | 1,798,675,200 |
| Non Diluted Market Cap | 391,348,061 |
| Number Of Analyst Opinions | 3 |
| Open | 7.58 |
| Operating Cashflow | 76,833,000 |
| Operating Margins | 0.75387 |
| Payout Ratio | 2.9388 |
| Phone | 212-418-4700 |
| Post Market Change | -0.07999992 |
| Post Market Change Percent | -1.0322571 |
| Post Market Price | 7.67 |
| Post Market Time | 1,776,463,205 |
| Previous Close | 7.53 |
| Price Eps Current Year | 6.700269 |
| Price Hint | 2 |
| Price To Book | 0.56314486 |
| Price To Sales Trailing12 Months | 1.6628528 |
| Profit Margins | -0.08567 |
| Quick Ratio | 1.845 |
| Quote Source Name | Delayed Quote |
| Quote Type | EQUITY |
| Recommendation Key | none |
| Region | US |
| Regular Market Change | 0.22 |
| Regular Market Change Percent | 2.92164 |
| Regular Market Day High | 7.835 |
| Regular Market Day Low | 7.6 |
| Regular Market Day Range | 7.6 - 7.835 |
| Regular Market Open | 7.58 |
| Regular Market Previous Close | 7.53 |
| Regular Market Price | 7.75 |
| Regular Market Time | 1,776,456,002 |
| Regular Market Volume | 1,039,838 |
| Return On Assets | 0.060349997 |
| Return On Equity | -0.027 |
| Revenue Growth | -0.071 |
| Revenue Per Share | 4.601 |
| Sand P52 Week Change | 0.38150132 |
| Sector | Financial Services |
| Sector Disp | Financial Services |
| Sector Key | financial-services |
| Shares Outstanding | 50,496,524 |
| Shares Percent Shares Out | 0.0126 |
| Shares Short | 634,345 |
| Shares Short Previous Month Date | 1,772,150,400 |
| Shares Short Prior Month | 179,558 |
| Short Name | CION Investment Corporation |
| Short Percent Of Float | 0.0126 |
| Short Ratio | 0.77 |
| Source Interval | 15 |
| State | NY |
| Symbol | CION |
| Target High Price | 10.5 |
| Target Low Price | 7.0 |
| Target Mean Price | 9.16667 |
| Target Median Price | 10.0 |
| Total Cash | 8,159,000 |
| Total Cash Per Share | 0.162 |
| Total Debt | 1,125,580,032 |
| Total Revenue | 240,820,992 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 1.44 |
| Trailing Annual Dividend Yield | 0.19123507 |
| Trailing Eps | -0.39 |
| Trailing Peg Ratio | None |
| Triggerable | 1 |
| Two Hundred Day Average | 9.25985 |
| Two Hundred Day Average Change | -1.5098495 |
| Two Hundred Day Average Change Percent | -0.16305336 |
| Type Disp | Equity |
| Volume | 1,039,838 |
| Website | https://www.cionbdc.com |
| Zip | 10,017 |