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

Company Overview

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.

Key Stats

• Today's Range: $12.21 to $12.58
• 50-Day Range: $10.73 to $13.24
• 52-Week Range: $7.29 to $12.45
• Volume: 7,477 shs
• Average Volume: 11,019 shs
• Market Capitalization: $76.01 million
• P/E Ratio: 14.06
• Dividend Yield: 8.18%
• Price Target: N/A
• Consensus Rating: N/A

SSIC Stock Analysis - Frequently Asked Questions

How have SSIC shares performed this year?

Silver Spike Investment's stock was trading at $8.44 on January 1st, 2024. Since then, SSIC shares have increased by 44.9% and is now trading at $12.23.
View the best growth stocks for 2024 here.

How were Silver Spike Investment's earnings last quarter?

Silver Spike Investment Corp. (NASDAQ:SSIC) posted its quarterly earnings data on Thursday, May, 9th. The company reported ($0.01) earnings per share for the quarter, missing analysts' consensus estimates of $0.08 by $0.09. The firm had revenue of $2.76 million for the quarter, compared to the consensus estimate of $2.38 million. Silver Spike Investment had a net margin of 44.96% and a trailing twelve-month return on equity of 5.62%.

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 $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.
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What other stocks do shareholders of Silver Spike Investment own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Silver Spike Investment investors own include NVIDIA (NVDA), Broadcom (AVGO), General Electric (GE), Arista Networks (ANET), e.l.f. Beauty (ELF), Disc Medicine (IRON) and Jabil (JBL).

Company Calendar

• Last Earnings: 5/09/2024
• Ex-Dividend for 9/27 Dividend: 9/19/2024
• Dividend Payable: 9/27/2024
• Today: 12/21/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: N/A
• Sub-Industry: N/A
• Current Symbol: NASDAQ:SSIC
• CUSIP: N/A
• CIK: 1843162
• Web: www.silverspikecap.com
• Phone: 212-905-4923
• Fax: N/A
• Employees: N/A
• Year Founded: N/A

Profitability

• EPS (Most Recent Fiscal Year): $0.87
• Trailing P/E Ratio: 14.06
• 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: 7.01
• Cash Flow: $1.06 per share
• Price / Cash Flow: 11.50
• Book Value: $13.77 per share
• Price / Book: 0.89

Miscellaneous

• Outstanding Shares: 6,215,000
• Free Float: 1,695,000
• Market Cap: $76.01 million
• Optionable: Not Optionable
• Beta: 0.28