Silver Spike Investment logo

Silver Spike InvestmentNASDAQ: SSIC

Profile

Country:

United States

IPO:

04 February 2022

Next earnings report:

N/A

Last dividends:

19 September 2024

Next dividends:

N/A
$81.04 M
-9%vs. 3y high
20%vs. sector
-94%vs. 3y high
63%vs. sector
-2%vs. 3y high
31%vs. sector
-92%vs. 3y high
87%vs. sector

Price

regular market | Fri, 15 Nov 2024 14:30:00 GMT
$13.04+$0.43(+3.41%)
$2.78 M-$165.01 K

Analysts recommendations

Institutional Ownership

SSIC Latest News

Silver Spike Investment Corp. Completes Loan Portfolio Acquisition
globenewswire.com01 October 2024 Sentiment: POSITIVE

NEW YORK, Oct. 01, 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 the completion of its previously announced acquisition from Chicago Atlantic Loan Portfolio, LLC (“CALP”) of a portfolio of loans (the “CALP Loan Portfolio”) in exchange for newly issued shares of the Company's common stock (the “Loan Portfolio Acquisition”). As a result of the Loan Portfolio Acquisition, the Company has net assets of approximately $300 million and investments in 28 portfolio companies.

Silver Spike Investment Corp. Announces Stockholder Approval of Loan Portfolio Acquisition
globenewswire.com23 September 2024 Sentiment: POSITIVE

NEW YORK, Sept. 23, 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 that the stockholders of the Company have voted at the Company's special meeting of stockholders held today (the “Special Meeting”) to approve the proposal related to the Company's acquisition from Chicago Atlantic Loan Portfolio, LLC (“CALP”) of a portfolio of loans (the “CALP Loan Portfolio”) in exchange for newly-issued shares of SSIC's common stock (the “Loan Portfolio Acquisition”).

Silver Spike Investment Corp. Reports Second Quarter 2024 Financial Results and Announces Cash Dividend of $0.25 Per Share
globenewswire.com08 August 2024 Sentiment: POSITIVE

NEW YORK, Aug. 08, 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 its financial results for the second quarter ended June 30, 2024.

Silver Spike Investment: Potential Gem's 8% Yield Not As Risky As It Seems
seekingalpha.com24 June 2024 Sentiment: POSITIVE

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) Soars 5.8%: Is Further Upside Left in the Stock?
zacks.com19 June 2024 Sentiment: NEUTRAL

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. Announces First Quarter 2024 Financial Results Conference Call
GlobeNewsWire25 April 2024 Sentiment: POSITIVE

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
Seeking Alpha28 March 2024 Sentiment: POSITIVE

Silver Spike Investment Corp. (SSIC) Q4 2023 Earnings Call Transcript

Silver Spike Investment Corp. Announces Fiscal Year End 2023 Financial Results Conference Call
GlobeNewsWire14 March 2024 Sentiment: POSITIVE

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: Cannabis BDC With Attractive Dividends
Seeking Alpha04 February 2024 Sentiment: POSITIVE

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 was Silver Spike Investment the previous earnings report?

No data

When does Silver Spike Investment earnings report?

Next earnings report date is not announced yet