Silver Spike Investment (NASDAQ:SSIC) Issues Quarterly Earnings Results

Silver Spike Investment (NASDAQ:SSICGet Free Report) announced its quarterly earnings results on Wednesday. The company reported $0.28 earnings per share for the quarter, meeting the consensus estimate of $0.28, Yahoo Finance reports. The firm had revenue of $3.66 million for the quarter, compared to analysts’ expectations of $3.38 million. Silver Spike Investment had a net margin of 61.51% and a return on equity of 7.47%.

Silver Spike Investment Price Performance

Shares of Silver Spike Investment stock opened at $9.61 on Friday. Silver Spike Investment has a 12 month low of $7.29 and a 12 month high of $10.47. The stock has a market capitalization of $59.68 million, a price-to-earnings ratio of 8.21 and a beta of 0.42. The firm’s fifty day simple moving average is $8.96 and its 200-day simple moving average is $9.13.

Silver Spike Investment Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Wednesday, March 20th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 10.41%. The ex-dividend date was Tuesday, March 19th. Silver Spike Investment’s payout ratio is presently 85.47%.

Institutional Trading of Silver Spike Investment

An institutional investor recently bought a new position in Silver Spike Investment stock. Penserra Capital Management LLC purchased a new position in shares of Silver Spike Investment Corp. (NASDAQ:SSICFree Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 109,935 shares of the company’s stock, valued at approximately $1,462,000. Penserra Capital Management LLC owned about 1.81% of Silver Spike Investment as of its most recent SEC filing. Institutional investors and hedge funds own 4.36% of the company’s stock.

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.

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Earnings History for Silver Spike Investment (NASDAQ:SSIC)

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