Silver Spike Investment (SSIC) Stock Price, News & Analysis

Company Overview

Silver Spike Investment Corp. (NASDAQ: SSIC) is a closed-end management investment company that has elected to operate as a business development company (BDC) under the Investment Company Act of 1940. The company seeks to generate current income and capital appreciation by investing in the debt and equity securities of privately held and other middle-market companies.

Silver Spike Investment has a particular focus on businesses operating in the cannabis industry and related sectors, including companies involved in consumer products, technology, healthcare, and other areas connected to the cannabis ecosystem. Its investment portfolio may include secured and unsecured debt, subordinated debt, warrants, and equity investments, depending on the opportunities available and the company’s investment strategy.

The company is externally managed by Silver Spike Capital, an investment manager focused on the cannabis, consumer, and related industries. Silver Spike Investment was established to provide capital to emerging and established businesses that may have limited access to traditional financing. Its investments and operations are primarily centered on companies in the United States and other markets where the manager identifies suitable opportunities.

Key Stats

• Today's Range: $9.50 to $9.82
• 50-Day Range: $9.24 to $10.35
• 52-Week Range: $7.29 to $12.45
• Volume: 77,328 shs
• Average Volume: 11,019 shs
• Market Capitalization: $59.48 million
• P/E Ratio: 11.00
• Dividend Yield: 10.45%
• Price Target: N/A
• Consensus Rating: N/A

Company Calendar

• Last Earnings: 5/09/2024
• Today: 10/06/2026
• Fiscal Year End: 12/31/2026

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: Capital Markets
• Sub-Industry: Asset Management & Custody Banks
• Current Symbol: NASDAQ:SSIC
• CIK: 1843162
• Web: www.silverspikecap.com
• Phone: 212-905-4923
• Fax: N/A
• Employees: N/A
• Year Founded: N/A

Profitability

• EPS (Trailing Twelve Months): $0.87
• Trailing P/E Ratio: 11.00
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $7.34 million
• Net Margins: 44.96%
• Pretax Margin: 38.68%
• Return on Equity: 5.62%
• Return on Assets: 5.37%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 15.46
• Quick Ratio: 15.46

Sales & Book Value

• Annual Sales: $10.84 million
• Price / Sales: 5.49
• Cash Flow: $0.83 per share
• Price / Cash Flow: 11.50
• Book Value: $13.77 per share
• Price / Book: 0.69

Miscellaneous

• Outstanding Shares: 6,215,000
• Free Float: 1,695,000
• Market Cap: $59.48 million
• Optionable: Not Optionable
• Beta: 0.28