Silver Spike Investment (NASDAQ:SSIC – Get Free Report) released its quarterly earnings data on Wednesday. The company reported $0.28 EPS for the quarter, hitting analysts’ consensus estimates of $0.28, Yahoo Finance reports. The firm had revenue of $3.66 million for the quarter, compared to the consensus estimate of $3.38 million. Silver Spike Investment had a net margin of 61.51% and a return on equity of 7.47%.
Silver Spike Investment Price Performance
Shares of NASDAQ SSIC opened at $9.61 on Friday. The firm’s 50-day moving average is $8.96 and its two-hundred day moving average is $9.13. The company has a market capitalization of $59.68 million, a PE ratio of 8.21 and a beta of 0.42. Silver Spike Investment has a 12-month low of $7.29 and a 12-month high of $10.47.
Silver Spike Investment Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Wednesday, March 20th were given a $0.25 dividend. The ex-dividend date was Tuesday, March 19th. This represents a $1.00 annualized dividend and a dividend yield of 10.41%. Silver Spike Investment’s dividend payout ratio is presently 85.47%.
Hedge Funds Weigh In On Silver Spike Investment
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.
Featured Articles
- Five stocks we like better than Silver Spike Investment
- Conference Calls and Individual Investors
- 3 Value Stocks Too Small For Buffett’s Portfolio
- 3 Home Improvement Stocks that Can Upgrade Your Portfolio
- Foot Locker Builds Up Another Head of Steam; Gains Imminent
- What is a Low P/E Ratio and What Does it Tell Investors?
- Disney Stock Catches 3 Upgrades In a Single Week
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.