Shares of Silver Spike Investment Corp. (NASDAQ:SSIC – Get Rating) rose 2% during mid-day trading on Thursday . The company traded as high as $10.50 and last traded at $10.26. Approximately 254 shares were traded during trading, a decline of 81% from the average daily volume of 1,303 shares. The stock had previously closed at $10.06.
Wall Street Analysts Forecast Growth
Separately, Piper Sandler reduced their price target on Silver Spike Investment from $17.00 to $14.00 and set an “overweight” rating for the company in a research report on Friday, August 19th.
Silver Spike Investment Stock Up 2.0 %
The stock has a 50 day moving average price of $10.16 and a 200 day moving average price of $9.86.
Institutional Trading of Silver Spike Investment
Silver Spike Investment Company Profile
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.
- Get a free copy of the StockNews.com research report on Silver Spike Investment (SSIC)
- Institutional Support for Analog Devices Remains High
- Microsoft Shares: Is it Time to Back Up the Truck?
- Is the 60/40 Portfolio Mix Still in Vogue?
- Salesforce Cuts Labor, Shows Strong Earnings Despite Challenges
- Three CBD Stocks to Dominate a Budding Industry
Receive News & Ratings for Silver Spike Investment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Silver Spike Investment and related companies with MarketBeat.com's FREE daily email newsletter.