Silver Spike Investment Corp. (SSIC)

NASDAQ: SSIC · IEX Real-Time Price · USD
9.91
-0.07 (-0.70%)
At close: Apr 12, 2024, 4:00 PM
10.05
+0.14 (1.41%)
After-hours: Apr 12, 2024, 4:32 PM EDT
-0.70%
Market Cap 61.59M
Revenue (ttm) 7.76M
Net Income (ttm) 5.40M
Shares Out 6.21M
EPS (ttm) 0.86
PE Ratio 11.52
Forward PE 15.55
Dividend $0.25 (2.52%)
Ex-Dividend Date Mar 19, 2024
Volume 10,348
Open 9.93
Previous Close 9.98
Day's Range 9.90 - 10.00
52-Week Range 7.29 - 10.47
Beta 0.41
Analysts Hold
Price Target 8.80 (-11.2%)
Earnings Date May 9, 2024

About SSIC

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 can... [Read more]

Sector Healthcare
IPO Date Feb 4, 2022
Country United States
Stock Exchange NASDAQ
Ticker Symbol SSIC
Full Company Profile

Financial Performance

Financial Statements

Analyst Forecast

According to one analyst, the rating for SSIC stock is "Hold" and the 12-month stock price forecast is $8.8.

Price Target
$8.8
(-11.20% downside)
Analyst Consensus: Hold
Stock Forecasts

News

Silver Spike Investment Corp. Reports Fiscal Year End 2023 Financial Results

NEW YORK, March 27, 2024 (GLOBE NEWSWIRE) -- Silver Spike Investment Corp. (“SSIC” or the “Company”) (NASDAQ: SSIC), a specialty finance company that has elected to be regulated as a business developm...

17 days ago - GlobeNewsWire

Silver Spike Investment Corp. Announces Fiscal Year End 2023 Financial Results Conference Call

NEW YORK, March 14, 2024 (GLOBE NEWSWIRE) -- Silver Spike Investment Corp. (“SSIC” or the “Company”) (NASDAQ: SSIC), a specialty finance company that has elected to be regulated as a business developm...

4 weeks ago - GlobeNewsWire

Silver Spike Investment Corp. Declares Cash Dividend for First Quarter 2024

NEW YORK, March 08, 2024 (GLOBE NEWSWIRE) -- Silver Spike Investment Corp. (“Silver Spike” or the “Company”) (NASDAQ: SSIC), a specialty finance company that has elected to be treated as a business de...

5 weeks ago - GlobeNewsWire

Chicago Atlantic Enters into Joint Venture with Silver Spike

CHICAGO--(BUSINESS WIRE)--Chicago Atlantic and Silver Spike Capital, investment adviser of Silver Spike Investment Corp (NASDAQ: SSIC), pursue a joint venture.

7 weeks ago - Business Wire

Silver Spike Investment Corp. Announces a Broadening of Its Investment Strategy

NEW YORK, Feb. 20, 2024 (GLOBE NEWSWIRE) -- Silver Spike Investment Corp. (“Silver Spike” or the “Company”) (Nasdaq: SSIC), a specialty finance company that has elected to be treated as a business dev...

7 weeks ago - GlobeNewsWire

Silver Spike Investment Corp. Announces Agreement to Acquire Loan Portfolio From Chicago Atlantic

NEW YORK, Feb. 20, 2024 (GLOBE NEWSWIRE) -- Silver Spike Investment Corp. (the “Company”) (Nasdaq: SSIC), a specialty finance company that has elected to be treated as a business development company, ...

7 weeks ago - GlobeNewsWire

Silver Spike Investment Corp. Reports Third Quarter 2023 Financial Results

NEW YORK, Nov. 09, 2023 (GLOBE NEWSWIRE) -- Silver Spike Investment Corp. (“Silver Spike” or the “Company”), a specialty finance company that was formed to invest across the cannabis ecosystem through...

5 months ago - GlobeNewsWire

Silver Spike Investment Corp. Announces Third Quarter 2023 Financial Results Conference Call

NEW YORK, Oct. 25, 2023 (GLOBE NEWSWIRE) -- Silver Spike Investment Corp. (“SSIC” or the “Company”), a specialty finance company that was formed to invest across the cannabis ecosystem through investm...

6 months ago - GlobeNewsWire

Silver Spike Investment Corp. Declares Regular and Special Dividend

NEW YORK, Sept. 05, 2023 (GLOBE NEWSWIRE) -- Silver Spike Investment Corp. (“Silver Spike” or the “Company”), a specialty finance company that was formed to invest across the cannabis ecosystem throug...

7 months ago - GlobeNewsWire

Silver Spike Investment Corp. Reports Second Quarter 2023 Financial Results

NEW YORK, Aug. 10, 2023 (GLOBE NEWSWIRE) -- Silver Spike Investment Corp. (“Silver Spike” or the “Company”), a specialty finance company that was formed to invest across the cannabis ecosystem through...

8 months ago - GlobeNewsWire

Silver Spike Investment Corp. Announces Second Quarter 2023 Financial Results Conference Call

NEW YORK, July 25, 2023 (GLOBE NEWSWIRE) -- Silver Spike Investment Corp. (“SSIC” or the “Company”), a specialty finance company that was formed to invest across the cannabis ecosystem through investm...

9 months ago - GlobeNewsWire

Silver Spike Investment Corp. Reports First Quarter 2023 Financial Results

NEW YORK, May 11, 2023 (GLOBE NEWSWIRE) -- Silver Spike Investment Corp. (“Silver Spike” or the “Company”), a specialty finance company that was formed to invest across the cannabis ecosystem through ...

1 year ago - GlobeNewsWire

Silver Spike Investment Corp. Expands Loan Portfolio with Senior Secured Credit Facility to DreamFields Brands, Inc. (Jeeter)

NEW YORK, May 08, 2023 (GLOBE NEWSWIRE) -- Silver Spike Investment Corp. (NASDAQ: SSIC) (“SSIC”) led and participated in the $35 million initial close of a senior secured credit facility to DreamField...

1 year ago - GlobeNewsWire

Silver Spike Investment Corp. Announces First Quarter 2023 Financial Results Conference Call

NEW YORK, May 03, 2023 (GLOBE NEWSWIRE) -- Silver Spike Investment Corp. (“SSIC” or the “Company”), a specialty finance company that was formed to invest across the cannabis ecosystem through investme...

1 year ago - GlobeNewsWire

Silver Spike Investment Corp. Reports Fiscal Year End 2022 Financial Results

NEW YORK, March 30, 2023 (GLOBE NEWSWIRE) -- Silver Spike Investment Corp. (“Silver Spike” or the “Company”), a specialty finance company that was formed to invest across the cannabis ecosystem throug...

1 year ago - GlobeNewsWire

Silver Spike Investment Corp. Announces Fiscal Year End 2022 Financial Results Conference Call

NEW YORK, March 08, 2023 (GLOBE NEWSWIRE) -- Silver Spike Investment Corp. (“SSIC” or the “Company”), a specialty finance company that was formed to invest across the cannabis ecosystem through invest...

1 year ago - GlobeNewsWire

Silver Spike Investment Corp. Expands Loan Portfolio with Senior Secured Credit Facility to MariMed Inc.

NEW YORK, Jan. 26, 2023 (GLOBE NEWSWIRE) -- Silver Spike Investment Corp. (NASDAQ: SSIC) (“SSIC”) co-led and participated in the recently announced MariMed Inc. (“MariMed”) $35 million senior secured ...

1 year ago - GlobeNewsWire

Silver Spike Investment Corp. Reports Second Quarter Fiscal 2023 Financial Results

NEW YORK, Nov. 10, 2022 (GLOBE NEWSWIRE) -- Silver Spike Investment Corp. (“Silver Spike” or the “Company”), a specialty finance company that was formed to invest across the cannabis ecosystem through...

1 year ago - GlobeNewsWire

Silver Spike Investment Corp. Expands Loan Portfolio with Senior Secured Credit Facility to Verano Holdings Corp.

NEW YORK, Oct. 31, 2022 (GLOBE NEWSWIRE) -- Silver Spike Investment Corp. (NASDAQ: SSIC) (“SSIC”), allocated a total of $21 million to the recently announced Verano Holdings Corp. (“Verano”) $350 mill...

1 year ago - GlobeNewsWire

Silver Spike Investment Corp. Reports First Quarter Fiscal 2023 Financial Results

NEW YORK, Aug. 12, 2022 (GLOBE NEWSWIRE) -- Silver Spike Investment Corp. (“Silver Spike” or the “Company”), a specialty finance company that was formed to invest across the cannabis ecosystem through...

1 year ago - GlobeNewsWire

Silver Spike Investment Corp. Co-Leads up to $170 million Senior Secured Term Loan to Shryne Group Inc.

NEW YORK, June 02, 2022 (GLOBE NEWSWIRE) -- Silver Spike Investment Corp. (NASDAQ: SSIC) (“Silver Spike”) today announced it has co-led a senior secured term loan of up to $170 million to Shryne Group...

2 years ago - GlobeNewsWire

Silver Spike Investment Raises $83.3M Via Its Initial Public Offering

Cannabis-focused finance company Silver Spike Investment Corp. SSIC announced that it closed its initial public offering of 6.07 million shares of its common stock, at a price to the public of $14.00 ...

2 years ago - Benzinga

Silver Spike Investment Raises $83.3M Via Initial Public Offering

Cannabis-focused finance company Silver Spike Investment Corp. SSIC closed its IPO of 6.07 million shares of its common stock, at $14.00 per share, on February 8, 2022. SSIC's shares of common stock b...

2 years ago - Benzinga

Executives Buy Around $64M Of 3 Stocks

US stock futures traded higher this morning, with the Dow futures adding more than 200 points this morning. Investors, meanwhile, focused on some notable insider trades.

Other symbols: PYPLRCKT
2 years ago - Benzinga

Silver Spike Investment Corp. Announces Closing of Initial Public Offering

NEW YORK--(BUSINESS WIRE)--Silver Spike Investment Corp. (NASDAQ: SSIC), a newly-organized closed-end management investment company that has elected to be treated as a business development company, to...

2 years ago - Business Wire