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

Silver Spike Investment (NASDAQ:SSIC) is scheduled to be posting its quarterly earnings results before the market opens on Friday, May 10th. Analysts expect Silver Spike Investment to post earnings of $0.08 per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Silver Spike Investment (NASDAQ:SSIC) last posted its earnings results on Wednesday, March 27th. The company reported $0.28 earnings per share (EPS) for the quarter, hitting 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 company had revenue of $3.66 million for the quarter, compared to analysts’ expectations of $3.38 million.

Silver Spike Investment Stock Performance

NASDAQ SSIC opened at $11.40 on Wednesday. The stock has a market cap of $70.82 million, a P/E ratio of 9.74 and a beta of 0.28. Silver Spike Investment has a fifty-two week low of $7.29 and a fifty-two week high of $11.41. The stock has a 50 day simple moving average of $10.22 and a two-hundred day simple moving average of $9.31.

Silver Spike Investment Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Wednesday, March 20th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 8.78%. The ex-dividend date was Tuesday, March 19th. Silver Spike Investment’s payout ratio is 85.47%.

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.