Silver Spike Investment (SSIC) Scheduled to Post Earnings on Thursday

Silver Spike Investment (NASDAQ:SSIC) is scheduled to post its quarterly earnings results before the market opens on Thursday, March 28th. Analysts expect Silver Spike Investment to post earnings of $0.28 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Silver Spike Investment Stock Performance

NASDAQ SSIC opened at $9.81 on Wednesday. Silver Spike Investment has a one year low of $7.29 and a one year high of $10.47. The company’s 50 day moving average price is $8.90 and its 200 day moving average price is $9.12.

Silver Spike Investment Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 28th. Shareholders of record on Wednesday, March 20th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 10.19%. The ex-dividend date is Tuesday, March 19th.

Institutional Trading of Silver Spike Investment

An institutional investor recently bought a new position in Silver Spike Investment stock. Penserra Capital Management LLC purchased a new position in shares of Silver Spike Investment Corp. (NASDAQ:SSIC) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 109,935 shares of the company’s stock, valued at approximately $1,462,000. Penserra Capital Management LLC owned approximately 1.81% of Silver Spike Investment at the end of the most recent quarter. 4.36% of the stock is currently owned by hedge funds and other institutional investors.

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.