Silver Spike Investment (SSIC) Scheduled to Post Quarterly Earnings on Friday

Posted by James Quigley on May 8th, 2024

Silver Spike Investment (NASDAQ:SSIC – Get Free Report) is scheduled to issue its quarterly earnings data before the market opens on Friday, May 10th. Analysts expect the company to announce earnings of $0.08 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Silver Spike Investment (NASDAQ:SSIC – Get Free Report) last released its earnings results on Wednesday, March 27th. The company reported $0.28 earnings per share for the quarter, meeting the consensus estimate of $0.28. Silver Spike Investment had a return on equity of 7.54% and a net margin of 61.51%. The firm had revenue of $3.66 million for the quarter, compared to the consensus estimate of $3.38 million.

Silver Spike Investment Stock Performance

NASDAQ:SSIC opened at $11.40 on Wednesday. The firm has a market capitalization of $70.82 million, a PE ratio of 9.74 and a beta of 0.28. The stock’s fifty day moving average is $10.22 and its 200 day moving average is $9.31. Silver Spike Investment has a fifty-two week low of $7.29 and a fifty-two week high of $11.41.

Silver Spike Investment Dividend Announcement

The company also recently announced 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 8.78%. The ex-dividend date of this dividend was Tuesday, March 19th. Silver Spike Investment’s dividend payout ratio is currently 85.47%.

About Silver Spike Investment

(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.