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S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
Delta Airline’s Put Option Activity Isn’t Bad News
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
Delta Airline’s Put Option Activity Isn’t Bad News
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
Delta Airline’s Put Option Activity Isn’t Bad News
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
NASDAQ:SSIC

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

$9.61
-0.25 (-2.54%)
(As of 03/28/2024 ET)
Today's Range
$8.38
$9.87
50-Day Range
$7.65
$10.28
52-Week Range
$7.29
$10.47
Volume
65,208 shs
Average Volume
16,717 shs
Market Capitalization
$59.68 million
P/E Ratio
N/A
Dividend Yield
10.41%
Price Target
$8.80

Silver Spike Investment MarketRank™ Stock Analysis

Analyst Rating
0.00 Rating Score
Upside/​Downside
8.4% Downside
$8.80 Price Target
Short Interest
Healthy
0.76% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
-0.36mentions of Silver Spike Investment in the last 14 days
Based on 7 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-27.10%
From $1.07 to $0.78 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.

0.09 out of 5 stars

Finance Sector

850th out of 851 stocks

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

Q4 2023 Silver Spike Investment Corp Earnings Call
Top Project Outperforms BTC in 2023…
According to a recently published report… One DeFi protocol boasted gains over 100% during one of the biggest crashes the crypto market has ever seen. And now, this crypto coin is set to soar in the parabolic bull run projected in 2024.
Earnings Outlook For Silver Spike Investment
Top Project Outperforms BTC in 2023…
According to a recently published report… One DeFi protocol boasted gains over 100% during one of the biggest crashes the crypto market has ever seen. And now, this crypto coin is set to soar in the parabolic bull run projected in 2024.
Silver Spike Investment Corp SSIC
SSIC Silver Spike Investment Corp.
Q3 2023 Silver Spike Investment Corp Earnings Call
Sad Silver Lags Gold
SSIC - Silver Spike Investment Corp.
See More Headlines
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Company Calendar

Ex-Dividend for 12/29 Dividend
12/19/2023
Dividend Payable
12/29/2023
Ex-Dividend for 3/28 Dividend
3/19/2024
Last Earnings
3/27/2024
Today
3/28/2024
Dividend Payable
3/28/2024
Next Earnings (Estimated)
5/09/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
N/A
Sub-Industry
N/A
Current Symbol
NASDAQ:SSIC
Web
N/A
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
-8.4%
Consensus Rating
Rating Score (0-4)
0.00
Research Coverage
0 Analysts

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
$10,000.00

Miscellaneous

Free Float
1,695,000
Market Cap
$59.68 million
Optionable
Not Optionable
Beta
0.42
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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

SSIC Stock Analysis - Frequently Asked Questions

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

0 equities research analysts have issued 12-month price objectives for Silver Spike Investment's stock. Their SSIC share price targets range from $8.80 to $8.80. On average, they anticipate the company's share price to reach $8.80 in the next twelve months. This suggests that the stock has a possible downside of 8.4%.
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 at the beginning of 2024. Since then, SSIC stock has increased by 13.9% and is now trading at $9.61.
View the best growth stocks for 2024 here
.

Are investors shorting Silver Spike Investment?

Silver Spike Investment saw a increase in short interest during the month of March. As of March 15th, there was short interest totaling 12,900 shares, an increase of 25.2% from the February 29th total of 10,300 shares. Based on an average daily volume of 14,400 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.8% of the company's shares 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) released its quarterly earnings data on Wednesday, March, 27th. The company reported $0.28 earnings per share for the quarter, hitting the consensus estimate of $0.28. The company earned $3.66 million during the quarter, compared to analyst estimates of $3.38 million.

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. Investors 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 annualized dividend and a yield of 10.41%. 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 10.19%. SSIC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
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 2.71% 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 acted 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 3/29/2024 by MarketBeat.com Staff

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