icon investments is a leading asset manager that provides innovative alternative investment products to individual and institutional investors through publicly registered programs, private funds and separately managed accounts. with more than 25 years of experience in the alternative asset management industry, icon and its affiliates have managed investments for more than 63,000 investors and made more than $4.0 billion in total investments. icon investments is headquartered in new york, with offices in boston, london and singapore.
![CION Invt logo](/files/LOGO/1534254-CION.png)
Company profile
Ticker
CION
Exchange
Website
Employees
Incorporated
Location
Fiscal year end
Former names
CĪON Investment Corp
SEC CIK
Corporate docs
Subsidiaries
34th Street Funding, LLC • CIC Holdco, LLC • CION Agent, LLC • Murray Hill Funding, LLC • Murray Hill Funding II, LLC • Park South, LLC • View ITC, LLC • View North, LLC • View NWN, LLC • View Rise, LLC ...
IRS number
453058280
CION stock data
Latest filings (excl ownership)
EFFECT
Notice of effectiveness
20 Jun 24
8-K
Entry into a Material Definitive Agreement
18 Jun 24
DEFA14A
Additional proxy soliciting materials
14 Jun 24
8-K
CION Investment Corporation Announces the Amount of its Mid-Year Supplemental Distribution of $0.05 Per Share
12 Jun 24
DEF 14A
Definitive proxy
31 May 24
8-K
Entry into a Material Definitive Agreement
20 May 24
PRE 14A
Preliminary proxy
9 May 24
8-K
Cion Investment Corporation Reports First Quarter 2024 Financial Results
9 May 24
8-K
Cion Investment Corporation Schedules 2024 First Quarter Earnings Release and Conference Call
8 Apr 24
8-K
Regulation FD Disclosure
27 Mar 24
Transcripts
CION
Earnings call transcript
2024 Q1
9 May 24
CION
Earnings call transcript
2023 Q4
14 Mar 24
CION
Earnings call transcript
2023 Q3
9 Nov 23
CION
Earnings call transcript
2023 Q2
9 Aug 23
CION
Earnings call transcript
2023 Q1
10 May 23
CION
Earnings call transcript
2022 Q4
16 Mar 23
CION
Earnings call transcript
2022 Q3
10 Nov 22
CION
Earnings call transcript
2022 Q2
14 Aug 22
CION
Earnings call transcript
2022 Q1
15 May 22
CION
Earnings call transcript
2021 Q3
15 Nov 21
Financial summary
Quarter (USD) | Dec 23 | Sep 23 | Jun 23 | Mar 23 | |
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Diluted EPS |
Annual (USD) | Dec 23 | Dec 22 | Dec 21 | Dec 20 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
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Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 8.42 mm | 8.42 mm | 8.42 mm | 8.42 mm | 8.42 mm | 8.42 mm |
Cash burn (monthly) | (no burn) | 6.19 mm | 25.45 mm | 18.93 mm | 18.20 mm | 8.10 mm |
Cash used (since last report) | n/a | 35.73 mm | 146.84 mm | 109.18 mm | 105.00 mm | 46.71 mm |
Cash remaining | n/a | -27.32 mm | -138.43 mm | -100.77 mm | -96.59 mm | -38.29 mm |
Runway (months of cash) | n/a | -4.4 | -5.4 | -5.3 | -5.3 | -4.7 |
Institutional ownership, Q1 2024
32.3% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 169 |
Opened positions | 58 |
Closed positions | 26 |
Increased positions | 49 |
Reduced positions | 34 |
13F shares | Current |
---|---|
Total value | 150.27 bn |
Total shares | 17.29 mm |
Total puts | 8.30 k |
Total calls | 10.30 k |
Total put/call ratio | 0.8 |
Largest owners | Shares | Value |
---|---|---|
Van Eck Associates | 1.07 mm | $11.77 mm |
Bulldog Investors | 1.03 mm | $11.29 bn |
LPL Financial | 963.73 k | $10.60 bn |
Cambridge Investment Research Advisors | 871.45 k | $9.59 mm |
Alpine Global Management | 633.30 k | $6.97 bn |
Callodine Capital Management | 625.00 k | $6.88 bn |
MS Morgan Stanley | 608.06 k | $6.69 bn |
Punch & Associates Investment Management | 556.21 k | $6.12 bn |
Renaissance Technologies | 552.10 k | $6.07 mm |
WealthPLAN Partners | 528.46 k | $5.81 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
28 May 24 | Eric A. Pinero | Common Stock, $0.001 par value | Buy | Acquire P | No | No | 12.42 | 403 | 5.01 k | 7,538.88 |
22 May 24 | Stephen Roman | Common stock, $0.001 par value | Buy | Acquire P | No | No | 12.41 | 400 | 4.96 k | 9,546.44 |
17 May 24 | Gregg A. Bresner | Common Stock, $0.001 par value | Buy | Acquire P | No | No | 12.51 | 2,000 | 25.02 k | 52,099 |
13 May 24 | Michael A Reisner | Common stock, $0.001 par value | Buy | Acquire P | No | No | 12.27 | 407 | 4.99 k | 44,160.38 |
5 Apr 24 | Eric A. Pinero | Common Stock, $0.001 par value | Buy | Acquire P | No | No | 11.11 | 450 | 5.00 k | 7,135.88 |
News
CION Investment Has Declared A Mid-Year Supplemental Distribution For The Period Ending June 30, 2024 In The Amount Of $0.05 Per Share; Distributions Declared In The First Half Of 2024 Total $0.75 Per Share
12 Jun 24
Wells Fargo Maintains Equal-Weight on CION Invt, Raises Price Target to $12
15 May 24
CION Invt Q1 2024 GAAP EPS $0.60 Beats $0.41 Estimate, Sales $73.554M Beat $57.234M Estimate
9 May 24
Insiders Buying Outlook Therapeutics And 2 Other Stocks
1 Apr 24