Silver Spike Investment (NASDAQ:SSIC – Get Free Report) will be issuing its quarterly earnings data before the market opens on Thursday, March 28th. Analysts expect the company to announce earnings of $0.28 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.
Silver Spike Investment Stock Performance
Shares of SSIC stock opened at $9.66 on Thursday. The firm’s 50 day moving average price is $8.79 and its 200-day moving average price is $9.14. Silver Spike Investment has a one year low of $7.29 and a one year high of $10.47.
Silver Spike Investment Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 28th. Investors of record on Wednesday, March 20th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 10.35%. The ex-dividend date is Tuesday, March 19th.
Institutional Investors Weigh In On Silver Spike Investment
A hedge fund recently bought a new stake in Silver Spike Investment stock. Penserra Capital Management LLC bought a new position in shares of Silver Spike Investment Corp. (NASDAQ:SSIC – Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor bought 109,935 shares of the company’s stock, valued at approximately $1,462,000. Penserra Capital Management LLC owned 1.81% of Silver Spike Investment as of its most recent SEC filing. Institutional investors own 5.28% of the company’s stock.
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.
Further Reading
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Read More: Silver Spike Investment (SSIC) Set to Announce Earnings on Thursday