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

$9.99
+0.01 (+0.10%)
(As of 11:58 AM ET)
Today's Range
$9.93
$9.99
50-Day Range
$7.87
$10.28
52-Week Range
$7.29
$10.47
Volume
1,720 shs
Average Volume
15,309 shs
Market Capitalization
$62.04 million
P/E Ratio
8.54
Dividend Yield
10.01%
Price Target
$8.80

Silver Spike Investment MarketRank™ Stock Analysis

Analyst Rating
0.00 Rating Score
Upside/​Downside
11.9% Downside
$8.80 Price Target
Short Interest
Healthy
0.26% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
1.59mentions of Silver Spike Investment in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
35.62%
From $0.73 to $0.99 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.31 out of 5 stars

Finance Sector

1906th out of 2,589 stocks

SSIC stock logo

About Silver Spike Investment Stock (NASDAQ:SSIC)

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. The company was founded in 2021 and is based in New York, New York.

SSIC Stock Price History

SSIC Stock News Headlines

Q4 2023 Silver Spike Investment Corp Earnings Call
Elon Musk Secret Crypto Plot Exposed
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Earnings Outlook For Silver Spike Investment
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Silver Spike Investment Corp SSIC
SSIC Silver Spike Investment Corp.
Q3 2023 Silver Spike Investment Corp Earnings Call
Sad Silver Lags Gold
SSIC - Silver Spike Investment Corp.
See More Headlines
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Company Calendar

Last Earnings
8/11/2023
Ex-Dividend for 3/28 Dividend
3/19/2024
Dividend Payable
3/28/2024
Today
4/12/2024
Next Earnings (Estimated)
5/09/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
N/A
Sub-Industry
N/A
Current Symbol
NASDAQ:SSIC
Fax
N/A
Employees
N/A
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$8.80
High Stock Price Target
$8.80
Low Stock Price Target
$8.80
Potential Upside/Downside
-11.8%
Consensus Rating
Rating Score (0-4)
0.00
Research Coverage
0 Analysts

Profitability

Net Income
$7.34 million
Pretax Margin
55.55%

Debt

Sales & Book Value

Annual Sales
$11.93 million
Cash Flow
$0.95 per share
Book Value
$13.77 per share

Miscellaneous

Free Float
1,695,000
Market Cap
$61.98 million
Optionable
Not Optionable
Beta
0.41
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Key Executives

  • Mr. Scott Gordon (Age 63)
    Chairperson & CEO
  • Mr. Umesh Bhaskar Mahajan (Age 53)
    Chief Financial Officer
  • Ms. Roxanne Nicole Jenkins (Age 38)
    Chief Compliance Officer & Secretary

SSIC Stock Analysis - Frequently Asked Questions

What is Silver Spike Investment's stock price target for 2024?

0 equities research analysts have issued 12 month target prices for Silver Spike Investment's shares. Their SSIC share price targets range from $8.80 to $8.80. On average, they anticipate the company's stock price to reach $8.80 in the next year. This suggests that the stock has a possible downside of 11.9%.
View analysts price targets for SSIC
or view top-rated stocks among Wall Street analysts.

How have SSIC shares performed in 2024?

Silver Spike Investment's stock was trading at $8.44 at the beginning of 2024. Since then, SSIC stock has increased by 18.4% and is now trading at $9.99.
View the best growth stocks for 2024 here
.

Are investors shorting Silver Spike Investment?

Silver Spike Investment saw a decrease in short interest during the month of March. As of March 31st, there was short interest totaling 4,400 shares, a decrease of 65.9% from the March 15th total of 12,900 shares. Based on an average daily volume of 15,900 shares, the short-interest ratio is currently 0.3 days. Approximately 0.3% of the shares of the stock are short sold.
View Silver Spike Investment's Short Interest
.

When is Silver Spike Investment's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 9th 2024.
View our SSIC earnings forecast
.

How were Silver Spike Investment's earnings last quarter?

Silver Spike Investment Corp. (NASDAQ:SSIC) posted its quarterly earnings results on Friday, August, 11th. The company reported $0.31 EPS for the quarter, topping analysts' consensus estimates of $0.22 by $0.09. The firm earned $2.89 million during the quarter, compared to the consensus estimate of $2.61 million. Silver Spike Investment had a trailing twelve-month return on equity of 7.54% and a net margin of 61.51%. During the same period last year, the firm posted $0.04 earnings per share.

How often does Silver Spike Investment pay dividends? What is the dividend yield for Silver Spike Investment?

Silver Spike Investment announced a quarterly dividend on Friday, March 8th. Investors of record on Wednesday, March 20th will be given a dividend of $0.25 per share on Thursday, March 28th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 10.01%. The ex-dividend date of this dividend is Tuesday, March 19th.
Read our dividend analysis for SSIC
.

Is Silver Spike Investment a good dividend stock?

Silver Spike Investment (NASDAQ:SSIC) pays an annual dividend of $1.00 per share and currently has a dividend yield of 10.17%. SSIC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 85.47%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, SSIC will have a dividend payout ratio of 101.01% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for SSIC.

What ETF holds Silver Spike Investment's stock?

Amplify Seymour Cannabis ETF holds 82,918 shares of SSIC stock, representing 2.71% of its portfolio.

When did Silver Spike Investment IPO?

Silver Spike Investment (SSIC) raised $85 million in an IPO on Friday, February 4th 2022. The company issued 6,100,000 shares at a price of $14.00 per share. Stifel and Piper Sandler served as the underwriters for the IPO and Canaccord Genuity and Cantor were co-managers.

How do I buy shares of Silver Spike Investment?

Shares of SSIC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:SSIC) was last updated on 4/12/2024 by MarketBeat.com Staff

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