Silver Spike Investment (NASDAQ:SSIC) Trading 0.4% Higher

Silver Spike Investment Corp. (NASDAQ:SSIC) shares were up 0.4% on Thursday . The stock traded as high as $11.30 and last traded at $11.19. Approximately 11,459 shares traded hands during trading, a decline of 26% from the average daily volume of 15,391 shares. The stock had previously closed at $11.14.

Silver Spike Investment Stock Down 0.2 %

The firm’s fifty day moving average price is $10.18 and its two-hundred day moving average price is $9.28. The stock has a market capitalization of $69.37 million, a PE ratio of 9.55 and a beta of 0.28.

Silver Spike Investment (NASDAQ:SSIC) last announced its earnings results on Wednesday, March 27th. The company reported $0.28 EPS for the quarter, meeting analysts’ consensus estimates of $0.28. Silver Spike Investment had a net margin of 61.51% and a return on equity of 7.54%. The business had revenue of $3.66 million during the quarter, compared to analysts’ expectations of $3.38 million. As a group, analysts predict that Silver Spike Investment Corp. will post 0.73 EPS for the current year.

Silver Spike Investment Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Wednesday, March 20th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, March 19th. This represents a $1.00 dividend on an annualized basis and a yield of 8.95%. Silver Spike Investment’s dividend payout ratio is currently 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.