Silver Spike Investment (NASDAQ:SSIC – Get Free Report) is scheduled to release its earnings data before the market opens on Friday, May 10th. Analysts expect Silver Spike Investment to post earnings of $0.16 per share for the quarter. Persons 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 EPS for the quarter, hitting the consensus estimate of $0.28. The business had revenue of $3.66 million for the quarter, compared to the consensus estimate of $3.38 million. Silver Spike Investment had a return on equity of 7.54% and a net margin of 61.51%. On average, analysts expect Silver Spike Investment to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Silver Spike Investment Price Performance
Shares of NASDAQ:SSIC opened at $11.19 on Friday. The company has a market cap of $69.54 million, a P/E ratio of 9.56 and a beta of 0.28. Silver Spike Investment has a 1 year low of $7.29 and a 1 year high of $11.30. The stock’s fifty day moving average price is $10.15 and its 200-day moving average price is $9.27.
Silver Spike Investment Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Wednesday, March 20th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 8.94%. The ex-dividend date of this dividend was Tuesday, March 19th. Silver Spike Investment’s dividend payout ratio (DPR) is presently 85.47%.
About Silver Spike Investment
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.
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