Profile
Sector:
Financial ServicesIndustry:
Asset ManagementCountry:
United StatesIPO:
04 February 2022Website:
http://ssic.silverspikecap.comNext earnings report:
09 August 2024Last dividends:
20 June 2024Next dividends:
N/APrice
after hours | Mon, 01 Jul 2024 21:31:15 GMTAnalysts recommendations
Institutional Ownership
SSIC Latest News
Silver Spike Investment Corp. reported negative net investment income in latest earnings, but dividend yield remains safe with coverage of 132%. SSIC's potential catalysts include growth in the cannabis industry and possible federal legalization, which could positively impact their cash flows. Despite solid fundamentals and safe dividend yield, SSIC remains a hold due to unstable NAV and possible overvaluation.
Silver Spike Investment (SSIC) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
Silver Spike Investment Corp. ("SSIC" or the "Company") (NASDAQ: SSIC) will release its financial results for the first quarter of 2024 on Friday, May 10, 2024, before the market opens.
Silver Spike Investment Corp. (SSIC) Q4 2023 Earnings Call Transcript
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 development company, today announced it will report financial results for its fiscal year ended December 31, 2023, before market open on Thursday, March 28, 2024.
Silver Spike Investment is a BDC focused on direct-lending to the cannabis industry, making it an attractive investment in a growing market. SSIC's financials have not been strong since going public, but they have a pipeline of $448 million in the works and a portfolio of well-known cannabis operators. SSIC stock is currently trading at a discount of roughly 45% to its NAV, making it a compelling investment for those willing to take on the risk.
What type of business is 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. The company was founded in 2021 and is based in New York, New York.
What sector is Silver Spike Investment in?
Silver Spike Investment is in the Financial Services sector
What industry is Silver Spike Investment in?
Silver Spike Investment is in the Asset Management industry
What country is Silver Spike Investment from?
Silver Spike Investment is headquartered in United States
When did Silver Spike Investment go public?
Silver Spike Investment initial public offering (IPO) was on 04 February 2022
What is Silver Spike Investment website?
http://ssic.silverspikecap.com
Is Silver Spike Investment in the S&P 500?
No, Silver Spike Investment is not included in the S&P 500 index
Is Silver Spike Investment in the NASDAQ 100?
No, Silver Spike Investment is not included in the NASDAQ 100 index
Is Silver Spike Investment in the Dow Jones?
No, Silver Spike Investment is not included in the Dow Jones index
When does Silver Spike Investment report earnings?
The next expected earnings date for Silver Spike Investment is 09 August 2024