Silver Spike Investment (SSIC) to Release Quarterly Earnings on Friday

Posted by Stacy Sanders on May 8th, 2024

Silver Spike Investment (NASDAQ:SSIC – Get Free Report) is scheduled to announce its earnings results before the market opens on Friday, May 10th. Analysts expect the company to announce earnings of $0.08 per share for the quarter. Persons that are interested in participating in the company’s conference call can do so using this link.

Silver Spike Investment (NASDAQ:SSIC – Get Free Report) last released its quarterly earnings results on Wednesday, March 27th. The company reported $0.28 earnings per share for the quarter, meeting the consensus estimate of $0.28. The company had revenue of $3.66 million for the quarter, compared to analyst estimates of $3.38 million. Silver Spike Investment had a return on equity of 7.54% and a net margin of 61.51%.

Silver Spike Investment Trading Up 0.1 %

Silver Spike Investment stock opened at $11.41 on Thursday. The firm has a market capitalization of $70.88 million, a PE ratio of 9.75 and a beta of 0.28. Silver Spike Investment has a 12-month low of $7.29 and a 12-month high of $11.41. The firm has a 50-day moving average price of $10.25 and a 200-day moving average price of $9.32.

Silver Spike Investment Announces Dividend

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 dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 8.77%. The ex-dividend date of this dividend was Tuesday, March 19th. Silver Spike Investment’s dividend payout ratio is presently 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.