Silver Spike Investment (NASDAQ:SSIC) Stock Price Up 0.4%

Posted by ABMN Staff on May 3rd, 2024

Silver Spike Investment Corp. (NASDAQ:SSIC – Get Free Report) was up 0.4% on Thursday . The stock traded as high as $11.30 and last traded at $11.19. Approximately 11,459 shares were traded during trading, a decline of 26% from the average daily volume of 15,391 shares. The stock had previously closed at $11.14.

Silver Spike Investment Price Performance

The firm has a 50-day simple moving average of $10.15 and a 200 day simple moving average of $9.27. The stock has a market capitalization of $69.54 million, a P/E ratio of 9.56 and a beta of 0.28.

Silver Spike Investment (NASDAQ:SSIC – Get Free Report) last released its quarterly earnings data on Wednesday, March 27th. The company reported $0.28 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.28. Silver Spike Investment had a return on equity of 7.54% and a net margin of 61.51%. The company had revenue of $3.66 million during the quarter, compared to the consensus estimate of $3.38 million. Sell-side analysts anticipate that Silver Spike Investment Corp. will post 0.73 earnings per share for the current fiscal year.

Silver Spike Investment Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Wednesday, March 20th were paid a $0.25 dividend. The ex-dividend date was Tuesday, March 19th. This represents a $1.00 annualized dividend and a dividend yield of 8.94%. Silver Spike Investment’s payout ratio is 85.47%.

Silver Spike Investment Company Profile

(Get Free Report)

Silver Spike Investment Corp., is a a business development company. It is a specialty finance company, focuses on investing across the cannabis ecosystem through investments in the form of direct loans to, and equity ownership of, privately held cannabis companies. It intends to partner with private equity firms, entrepreneurs, business owners, and management teams to provide credit and equity financing alternatives to support buyouts, recapitalizations, growth initiatives, refinancings, and acquisitions across cannabis companies, including cannabis-enabling technology companies, cannabis-related health and wellness companies, and hemp and CBD distribution companies.