CION Investment (CION)

• Market cap: $609M
• 1 day: -0.61%
• 5 days: -2.56%
• 1 month: -1.55%
• 3 months: -3.05%
• 6 months: -5.07%
• Year to date: 2.51%
• 1 year: 6.13%
• 5 years: -3.54%
• 10 years: -3.54%

About: CION Invt Corp is an externally managed, non-diversified, closed-end management investment company that has elected to be regulated as a business development company. The Company's portfolio is comprised of investments in senior secured debt, including first lien loans, second lien loans and unitranche loans, and, to a lesser extent, collateralized securities, structured products and other similar securities, unsecured debt, and equity, of private and thinly-traded U.S. middle-market companies.

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

17,500% more call options, than puts

Call options by funds: $176K | Put options by funds: $1K

7% more repeat investments, than reductions

Existing positions increased: 60 | Existing positions reduced: 56

0% more funds holding in top 10

Funds holding in top 10: 1 [Q2] → 1 (+0) [Q3]

0.3% less ownership

Funds ownership: 34.11% [Q2] → 33.81% (-0.3%) [Q3]

3% less funds holding

Funds holding: 175 [Q2] → 170 (-5) [Q3]

8% less capital invested

Capital invested by funds: $222M [Q2] → $205M (-$17.1M) [Q3]

21% less first-time investments, than exits

New positions opened: 19 | Existing positions closed: 24

Research analyst outlook

2 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $11.50 1% upside
• Avg. target: $12.25 7% upside
• High target: $13 14% upside

2 analyst ratings

• positive: 1 50%
• neutral: 1 50%
• negative: 0 0%

Wells Fargo Finian O'Shea 42% 1-year accuracy 11 / 26 met price target	1% upside $11.50	Equal-Weight Maintained	29 Oct 2024
Oppenheimer Mitchel Penn 60% 1-year accuracy 3 / 5 met price target	14% upside $13	Perform Initiated	8 Oct 2024