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

0 analysts have issued 1 year 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 twelve months. This suggests that the stock has a possible downside of 19.5%. 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 on January 1st, 2024. Since then, SSIC shares have increased by 29.5% and is now trading at $10.93. View the best growth stocks for 2024 here .

Are investors shorting Silver Spike Investment?

Silver Spike Investment saw a decline in short interest during the month of March. As of March 31st, there was short interest totaling 4,400 shares, a decline of 65.9% from the March 15th total of 12,900 shares. Based on an average daily volume of 15,900 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.3% of the shares of the company are sold short. 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) announced its quarterly earnings data on Wednesday, March, 27th. The company reported $0.28 earnings per share for the quarter, hitting analysts' consensus estimates of $0.28. The company had revenue of $3.66 million for the quarter, compared to analyst estimates of $3.38 million. Silver Spike Investment had a trailing twelve-month return on equity of 7.54% and a net margin of 61.51%.

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. Stockholders of record on Wednesday, March 20th will be paid a dividend of $0.25 per share on Thursday, March 28th. This represents a $1.00 dividend on an annualized basis and a yield of 9.15%. 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 9.62%. 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 2.44% 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 .

NASDAQ:SSIC

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

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Free SSIC Stock Alerts

$10.93

+0.20 (+1.86%)

(As of 04/19/2024 ET)

Compare

Today's Range: $10.55
▼
$10.96
50-Day Range: $7.93
▼
$10.65
52-Week Range: $7.29
▼
$10.96

Volume: 14,958 shs
Average Volume: 15,540 shs
Market Capitalization: $67.88 million

P/E Ratio: 9.34
Dividend Yield: 9.15%
Price Target: $8.80

Get Silver Spike Investment alerts:

Silver Spike Investment MarketRank™ Stock Analysis

Analyst Rating: 0.00 Rating Score
Upside/Downside: 19.5% 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: N/A
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.

1.23 out of 5 stars

Finance Sector

748th out of 845 stocks

0.0

Analyst's Opinion

Amount of Analyst Coverage
Silver Spike Investment has received no research coverage in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
0.26% of the float of Silver Spike Investment has been sold short.
Short Interest Ratio / Days to Cover
Silver Spike Investment has a short interest ratio ("days to cover") of 0.3, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Silver Spike Investment has recently decreased by 65.89%, indicating that investor sentiment is improving significantly.

1.7

Dividend Strength

Dividend Leadership
Silver Spike Investment is a leading dividend payer. It pays a dividend yield of 9.62%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Silver Spike Investment does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Silver Spike Investment is 85.47%. Payout ratios above 75% are not desirable because they may not be sustainable.
Dividend Sustainability
Based on EPS estimates, Silver Spike Investment will have a dividend payout ratio of 101.01% in the coming year. This indicates that Silver Spike Investment may not be able to sustain their current dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for SSIC.

0.0

News and Social Media Coverage

Search Interest
Only 1 people have searched for SSIC on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.
MarketBeat Follows
Only 1 people have added Silver Spike Investment to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Silver Spike Investment insiders have not sold or bought any company stock.
Percentage Held by Insiders
72.73% of the stock of Silver Spike Investment is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
Only 4.36% of the stock of Silver Spike Investment is held by institutions.

3.8

Earnings and Valuation

Earnings Growth
Earnings for Silver Spike Investment are expected to grow by 35.62% in the coming year, from $0.73 to $0.99 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Silver Spike Investment is 9.34, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 145.54.
Price to Earnings Ratio vs. Sector
The P/E ratio of Silver Spike Investment is 9.34, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 61.58.
Price to Book Value per Share Ratio
Silver Spike Investment has a P/B Ratio of 0.79. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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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

30 days | 90 days | 365 days | Advanced Chart

SSIC Stock News Headlines

April 3, 2024 | seekingalpha.com

Silver Spike Investment Q4: This Cannabis BDC Looks Poised For Growth

March 29, 2024 | finance.yahoo.com

Q4 2023 Silver Spike Investment Corp Earnings Call

April 19, 2024 | Altimetry (Ad)

Secret Bull Market Starts in This Unusual Sector

March 28, 2024 | msn.com

Cannabis Finance Company Silver Spike Announces Solid 2023 Gains

March 27, 2024 | globenewswire.com

Silver Spike Investment Corp. Reports Fiscal Year End 2023 Financial Results

March 27, 2024 | benzinga.com

Earnings Outlook For Silver Spike Investment

March 14, 2024 | globenewswire.com

Silver Spike Investment Corp. Announces Fiscal Year End 2023 Financial Results Conference Call

March 8, 2024 | msn.com

Silver Spike Investment declares $0.25 dividend

April 19, 2024 | Altimetry (Ad)

Secret Bull Market Starts in This Unusual Sector

March 8, 2024 | globenewswire.com

Silver Spike Investment Corp. Declares Cash Dividend for First Quarter 2024

February 20, 2024 | markets.businessinsider.com

Silver Spike Investment Agrees To Purchase Loan Portfolio From Chicago Atlantic

February 20, 2024 | businesswire.com

Chicago Atlantic Enters into Joint Venture with Silver Spike

February 20, 2024 | finance.yahoo.com

Silver Spike Investment Corp. Announces Agreement to Acquire Loan Portfolio From Chicago Atlantic

February 20, 2024 | finance.yahoo.com

Silver Spike Investment Corp. Announces a Broadening of Its Investment Strategy

February 20, 2024 | globenewswire.com

Silver Spike Investment Corp. Announces a Broadening of Its Investment Strategy

February 20, 2024 | globenewswire.com

Silver Spike Investment Corp. Announces Agreement to Acquire Loan Portfolio From Chicago Atlantic

February 10, 2024 | investorplace.com

The 3 Most Undervalued Cannabis Stocks to Buy in February 2024

December 29, 2023 | morningstar.com

Silver Spike Investment Corp SSIC

December 20, 2023 | seekingalpha.com

SSIC Silver Spike Investment Corp.

November 30, 2023 | msn.com

Silver Spike Investment raises dividend by 11.1% to $0.70

November 27, 2023 | msn.com

Silver Spike Investment (SSIC) Price Target Increased by 29.55% to 11.63

November 11, 2023 | finance.yahoo.com

Q3 2023 Silver Spike Investment Corp Earnings Call

November 9, 2023 | finance.yahoo.com

Silver Spike Investment Corp. Reports Third Quarter 2023 Financial Results

November 6, 2023 | investing.com

Sad Silver Lags Gold

October 25, 2023 | finance.yahoo.com

Silver Spike Investment Corp. Announces Third Quarter 2023 Financial Results Conference Call

September 11, 2023 | au.finance.yahoo.com

SSIC - Silver Spike Investment Corp.

September 5, 2023 | finance.yahoo.com

Silver Spike Investment Corp. Declares Regular and Special Dividend

See More Headlines

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Company Calendar

Ex-Dividend for 3/28 Dividend: 3/19/2024
Last Earnings: 3/27/2024
Dividend Payable: 3/28/2024
Today: 4/19/2024
Next Earnings (Estimated): 5/09/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

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

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: -19.5%
Consensus Rating
Rating Score (0-4): 0.00
Research Coverage: 0 Analysts

Profitability

EPS (Most Recent Fiscal Year): $1.17
Trailing P/E Ratio: 9.34
Forward P/E Ratio: 14.97
P/E Growth: N/A
Net Income: $7.34 million
Net Margins: 61.51%
Pretax Margin: 55.55%
Return on Equity: 7.54%
Return on Assets: 7.38%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 29.27
Quick Ratio: 29.27

Sales & Book Value

Annual Sales: $11.93 million
Price / Sales: 5.69
Cash Flow: $0.98 per share
Price / Cash Flow: 11.11
Book Value: $13.77 per share
Price / Book: 0.79

Miscellaneous

Outstanding Shares: 6,210,000
Free Float: 1,695,000
Market Cap: $67.88 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

Key Competitors

View All Competitors

SSIC Stock Analysis - Frequently Asked Questions

What is Silver Spike Investment's stock price target for 2024?: 0 analysts have issued 1 year 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 twelve months. This suggests that the stock has a possible downside of 19.5%.
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 on January 1st, 2024. Since then, SSIC shares have increased by 29.5% and is now trading at $10.93.
View the best growth stocks for 2024 here.
Are investors shorting Silver Spike Investment?: Silver Spike Investment saw a decline in short interest during the month of March. As of March 31st, there was short interest totaling 4,400 shares, a decline of 65.9% from the March 15th total of 12,900 shares. Based on an average daily volume of 15,900 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.3% of the shares of the company are sold short.
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) announced its quarterly earnings data on Wednesday, March, 27th. The company reported $0.28 earnings per share for the quarter, hitting analysts' consensus estimates of $0.28. The company had revenue of $3.66 million for the quarter, compared to analyst estimates of $3.38 million. Silver Spike Investment had a trailing twelve-month return on equity of 7.54% and a net margin of 61.51%.
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. Stockholders of record on Wednesday, March 20th will be paid a dividend of $0.25 per share on Thursday, March 28th. This represents a $1.00 dividend on an annualized basis and a yield of 9.15%. 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 9.62%. 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 2.44% 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 4/19/2024 by MarketBeat.com Staff

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

Silver Spike Investment MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Silver Spike Investment Stock (NASDAQ:SSIC)

SSIC Stock Price History

SSIC Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

SSIC Stock Analysis - Frequently Asked Questions

Overall MarketRank^™