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CION Investment Corporation (CION): Among the Dividend Paying Stocks Insiders Are Buying
Tue 22 Apr 25, 02:32 PMKBW Announces Index Rebalancing for Fourth-Quarter 2024
Sat 14 Dec 24, 01:30 AM| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Income before tax | 50.51M | 119.11M | -11.02200M | 51.84M | 31.31M |
| Minority interest | - | - | - | - | - |
| Net income | 50.14M | 118.76M | -11.02200M | 51.84M | 31.31M |
| Selling general administrative | 10.63M | 12.87M | 7.63M | 6.42M | 7.84M |
| Selling and marketing expenses | - | - | - | - | - |
| Gross profit | 61.14M | 131.98M | -2.20400M | 59.55M | -57.49700M |
| Reconciled depreciation | - | - | - | - | - |
| Ebit | 138.20M | 106.46M | 115.56M | 136.84M | 135.79M |
| Ebitda | 100.14M | 119.11M | -11.02200M | 51.84M | 76.93M |
| Depreciation and amortization | 5.31M | -43.61700M | - | - | - |
| Non operating income net other | -0.00300M | - | - | - | - |
| Operating income | 100.14M | 119.11M | -11.02200M | 51.84M | 76.93M |
| Other operating expenses | 10.63M | 12.87M | 8.82M | 7.71M | 9.15M |
| Interest expense | 49.62M | 31.81M | 36.84M | 49.53M | 45.62M |
| Tax provision | 0.37M | 0.34M | - | - | - |
| Interest income | 183.90M | 145.48M | 152.44M | 191.59M | 185.66M |
| Net interest income | 134.27M | 113.67M | 115.60M | 142.06M | 140.04M |
| Extraordinary items | - | - | - | - | - |
| Non recurring | -49.62400M | - | - | - | - |
| Other items | - | - | - | - | - |
| Income tax expense | 0.37M | 0.34M | 0.27M | 0.01M | - |
| Total revenue | 61.14M | 131.98M | -2.20400M | 59.55M | 40.46M |
| Total operating expenses | 10.63M | 12.87M | 8.82M | 7.71M | 9.15M |
| Cost of revenue | 3.35M | 0.00000M | - | - | 97.96M |
| Total other income expense net | -49.62400M | -31.80700M | -36.83700M | -49.53100M | -45.61700M |
| Discontinued operations | - | - | - | - | - |
| Net income from continuing ops | 196.35M | 118.76M | -11.02200M | 51.84M | 31.31M |
| Net income applicable to common shares | 50.14M | 118.76M | -11.02200M | 51.84M | 31.31M |
| Preferred stock and other adjustments | - | - | - | - | - |
| Breakdown | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | 2001.72M | 1872.41M | 1782.68M | 1614.80M | 1810.39M |
| Intangible assets | - | - | - | - | - |
| Earning assets | - | - | - | - | - |
| Other current assets | 1.35M | - | - | - | - |
| Total liab | 1122.16M | 988.78M | 852.17M | 736.54M | 857.83M |
| Total stockholder equity | 879.56M | 883.63M | 930.51M | 878.26M | 952.56M |
| Deferred long term liab | - | - | - | - | - |
| Other current liab | -26.79600M | -23.76300M | -17.58800M | -3.32700M | -5.54600M |
| Common stock | 0.05M | 0.06M | 0.06M | 0.11M | 0.11M |
| Capital stock | 0.05M | 0.06M | 0.06M | 0.11M | 0.11M |
| Retained earnings | -153.52100M | -160.96800M | -129.53400M | -176.76800M | -102.46300M |
| Other liab | - | - | - | - | - |
| Good will | - | - | - | - | - |
| Other assets | -113.44600M | 0.82M | 0.47M | 1.79M | 0.98M |
| Cash | 8.41M | 82.74M | 3.77M | 19.91M | 6.13M |
| Cash and equivalents | - | - | - | - | - |
| Total current liabilities | 26.80M | 23.76M | 17.59M | 3.33M | 5.55M |
| Current deferred revenue | -1054.90500M | - | - | - | - |
| Net debt | 1073.29M | 868.58M | 818.60M | 700.04M | 830.45M |
| Short term debt | 1081.70M | - | 822.37M | - | - |
| Short long term debt | - | - | - | - | - |
| Short long term debt total | 1081.70M | 951.32M | 822.37M | 719.96M | 836.59M |
| Other stockholder equity | 1033.03M | 1044.55M | 1059.99M | 1054.91M | 1054.91M |
| Property plant equipment | - | - | - | - | - |
| Total current assets | 160.90M | 111.56M | 28.18M | 43.64M | 44.34M |
| Long term investments | 1954.27M | 1760.03M | 1754.04M | 1569.37M | 1765.07M |
| Net tangible assets | - | 883.63M | 930.51M | 878.26M | 952.56M |
| Short term investments | 113.45M | 1525.04M | 1581.12M | - | - |
| Net receivables | 37.69M | 28.82M | 24.40M | 23.72M | 38.20M |
| Long term debt | - | 951.32M | - | - | - |
| Inventory | 0.00000M | - | - | - | - |
| Accounts payable | 26.80M | 23.76M | 17.59M | 3.33M | 5.55M |
| Total permanent equity | - | - | - | - | - |
| Noncontrolling interest in consolidated entity | - | - | - | - | - |
| Temporary equity redeemable noncontrolling interests | - | - | - | - | - |
| Accumulated other comprehensive income | 0.00000M | - | - | - | - |
| Additional paid in capital | - | - | - | - | - |
| Common stock total equity | - | 0.06M | - | - | - |
| Preferred stock total equity | - | - | - | - | - |
| Retained earnings total equity | - | -160.96800M | - | - | - |
| Treasury stock | - | - | - | - | - |
| Accumulated amortization | - | - | - | - | - |
| Non currrent assets other | -1954.27000M | -1760.03000M | -1754.03900M | -1569.37100M | -1765.07200M |
| Deferred long term asset charges | - | - | - | - | - |
| Non current assets total | 1954.27M | 1760.03M | 1754.04M | 1569.37M | 1765.07M |
| Capital lease obligations | - | - | - | - | - |
| Long term debt total | - | 951.32M | - | - | - |
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Investments | - | - | - | - | - |
| Change to liabilities | -12.23700M | 12.42M | -1.55600M | -15.40700M | -20.08100M |
| Total cashflows from investing activities | - | - | - | - | - |
| Net borrowings | 127.50M | 105.00M | -116.04100M | -57.50000M | 187.08M |
| Total cash from financing activities | 43.69M | 33.11M | -184.95100M | -137.48000M | 75.80M |
| Change to operating activities | 80.38M | -12.15900M | -43.63700M | -20.09600M | 197.53M |
| Net income | 50.14M | 118.76M | -11.02200M | 51.84M | 31.31M |
| Change in cash | 78.97M | -16.14000M | 13.78M | -11.44400M | -38.77500M |
| Begin period cash flow | 3.77M | 19.91M | 6.13M | 17.58M | 56.35M |
| End period cash flow | 82.74M | 3.77M | 19.91M | 6.13M | 17.58M |
| Total cash from operating activities | 35.28M | -49.24800M | 198.73M | 126.04M | -114.57900M |
| Issuance of capital stock | - | 0.00000M | 0.00000M | 6.51M | 32.23M |
| Depreciation | 5.31M | -43.61700M | 19.88M | 10.55M | 53.25M |
| Other cashflows from investing activities | - | - | - | - | - |
| Dividends paid | -66.64400M | -56.04100M | -39.98500M | -48.97200M | 44.75M |
| Change to inventory | - | - | - | - | - |
| Change to account receivables | -0.98300M | -1.06100M | 11.22M | -10.28400M | 18.70M |
| Sale purchase of stock | -15.44400M | -10.46700M | -23.30000M | -35.79900M | -97.04300M |
| Other cashflows from financing activities | 125.78M | 270.62M | 480.53M | 311.28M | 290.37M |
| Change to netincome | -85.19500M | -170.01400M | 238.69M | 117.08M | -345.24900M |
| Capital expenditures | 0.00000M | 0.00000M | 0.00000M | 0.00000M | 0.00000M |
| Change receivables | - | - | - | - | - |
| Cash flows other operating | - | - | - | - | - |
| Exchange rate changes | - | - | - | - | - |
| Cash and cash equivalents changes | 34.70M | - | - | - | - |
| Change in working capital | -9.89100M | 13.52M | 10.10M | -28.79800M | 2.14M |
| Stock based compensation | - | - | - | - | - |
| Other non cash items | -10.28600M | -137.91600M | 179.77M | 92.44M | -201.27900M |
| Free cash flow | 35.28M | -49.24800M | 198.73M | 126.04M | -114.57900M |
Sector: Financial Services Industry: Asset Management
| Company | Change (USD) | Price (USD) | Trailing PE (x) | Forward PE (x) | Price Sales TTM (x) | Price to Book Value (x) | Enterprise Value to Revenue (x) | |
|---|---|---|---|---|---|---|---|---|
| CION Cion Investment Corp |
-0.76 9.90% | 6.92 | 7.98 | 8.50 | 2.44 | 0.73 | 18.32 | |
| BX Blackstone Group Inc |
-5.13 4.78% | 102.12 | 44.45 | 29.85 | 14.38 | 14.06 | 11.73 | |
| BLK BlackRock Inc |
-28.27 2.97% | 922.90 | 23.92 | 21.23 | 8.04 | 3.78 | 7.54 | 16.86 |
| APO Apollo Global Management LLC Class A |
-5.8 5.47% | 100.30 | 18.23 | 20.92 | 3.08 | 6.11 | 2.73 | 14.76 |
| IVSXF Investor AB (publ) |
- -% | 39.85 | 20.83 | - | 0.88 | 1.11 | 10.01 | 1.68 |
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.
100 Park Avenue, New York, NY, United States, 10017
| Name | Title | Year Born |
|---|---|---|
| Mr. Michael A. Reisner Esq., J.D. | Co-Founder & Co-Chairman & Co-CEO | 1971 |
| Mr. Mark Gatto J.D. | Co-Founder, Co-Chairman & Co-CEO | 1973 |
| Mr. Gregg A. Bresner CFA | Pres & Chief Investment Officer | NA |
| Mr. Joe Elsabee | Managing Director | NA |
| Mr. Keith S. Franz CPA | MD, Treasurer & CFO | 1969 |
| Mr. Stephen Roman | Chief Compliance Officer, Counsel & Sec. | 1982 |
| Mr. Eric A. Pinero | Chief Legal Officer | NA |
| Mr. Alexander Cavalieri | MD and Head of Marketing & Strategy | NA |
| Mr. Geoffrey A. Manna | Sr. Managing Director | NA |
| Ms. Aditi Budhia | Sr. VP | NA |
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