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NASDAQ:SSIC

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

$11.46
0.00 (0.00%)
(As of 09/6/2024 ET)
Today's Range
$11.46
$11.46
50-Day Range
$11.34
$12.00
52-Week Range
$7.29
$12.45
Volume
261 shs
Average Volume
2,527 shs
Market Capitalization
$71.28 million
P/E Ratio
13.17
Dividend Yield
8.73%
Price Target
N/A
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

Silver Spike Investment (NASDAQ:SSIC) Stock Price Down 0.6%
China Stockpiling Gold “Like No Tomorrow”
For 18 consecutive months, China’s central bank has increased its gold reserve. The country, with a population of over 1.4 BILLION is “buying gold like there’s no tomorrow,” according to The New York Times. China, a rising global economic threat, aims to reduce its dependence on the US dollar… .
Q2 2024 Silver Spike Investment Corp Earnings Call
China Stockpiling Gold “Like No Tomorrow”
For 18 consecutive months, China’s central bank has increased its gold reserve. The country, with a population of over 1.4 BILLION is “buying gold like there’s no tomorrow,” according to The New York Times. China, a rising global economic threat, aims to reduce its dependence on the US dollar… .
3 Hypergrowth Stocks That You Want to Be Early On
Q1 2024 Silver Spike Investment Corp Earnings Call
Q4 2023 Silver Spike Investment Corp Earnings Call
See More Headlines
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Company Calendar

Ex-Dividend for 6/28 Dividend
6/20/2024
Dividend Payable
6/28/2024
Last Earnings
8/08/2024
Today
9/07/2024
Ex-Dividend for 9/27 Dividend
9/19/2024
Dividend Payable
9/27/2024
Next Earnings (Estimated)
11/14/2024
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

Profitability

Net Income
$7.34 million
Pretax Margin
38.68%

Debt

Sales & Book Value

Annual Sales
$11.93 million
Cash Flow
$0.94 per share
Book Value
$13.56 per share

Miscellaneous

Free Float
1,695,000
Market Cap
$71.28 million
Optionable
Not Optionable
Beta
0.28
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Key Executives

  • Mr. Scott Charles 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

How have SSIC shares performed this year?

Silver Spike Investment's stock was trading at $8.44 at the beginning of 2024. Since then, SSIC stock has increased by 35.8% and is now trading at $11.46.
View the best growth stocks for 2024 here
.

How were Silver Spike Investment's earnings last quarter?

Silver Spike Investment Corp. (NASDAQ:SSIC) released its earnings results on Thursday, August, 8th. The company reported $0.25 earnings per share (EPS) for the quarter. The company had revenue of $3.08 million for the quarter, compared to analyst estimates of $2.50 million. Silver Spike Investment had a trailing twelve-month return on equity of 5.62% and a net margin of 44.96%.

When did Silver Spike Investment IPO?

Silver Spike Investment (SSIC) raised $85 million in an initial public offering 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 9/7/2024 by MarketBeat.com Staff

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