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Silver Spike Investment Corp - SSIC STOCK NEWS

Welcome to our dedicated news page for Silver Spike Investment (Ticker: SSIC), a resource for investors and traders seeking the latest updates and insights on Silver Spike Investment.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Silver Spike Investment's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Silver Spike Investment's position in the market.

Rhea-AI Summary
Silver Spike Investment Corp. (NASDAQ: SSIC) announced their first quarter 2024 financial results conference call scheduled for May 10, 2024. The call will discuss the financial results for the quarter ended March 31, 2024. Participants can register for the call on their website and a live webcast will be available. The replay will also be accessible on their website by the end of the day.
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End-of-Day
0.25%
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Rhea-AI Summary
Silver Spike Investment Corp. (SSIC) announced its financial results for the fiscal year ended December 31, 2023, with highlights including total investment income of $3.6 million, net investment income of $1.7 million, and an investment portfolio of $54.1 million at fair value. Despite a decrease in NAV per share, the company declared a cash dividend of $0.25 per share and entered into a loan portfolio acquisition agreement. The company remains optimistic about future investment opportunities and market dynamics.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.54%
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Rhea-AI Summary
Silver Spike Investment Corp. to Report Fiscal Year 2023 Financial Results on March 28, 2024
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Rhea-AI Sentiment
End-of-Day
0.92%
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Rhea-AI Summary
Silver Spike Investment Corp. (SSIC) declares a cash dividend of $0.25 per share for the quarter ending March 31, 2024. The dividend dates are Record Date on March 20, 2024, and Payment Date on March 28, 2024. The Company offers a Dividend Reinvestment Plan (DRIP) for automatic reinvestment of dividends unless stockholders opt for cash.
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End-of-Day
-0.87%
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dividends earnings
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Rhea-AI Summary
Chicago Atlantic BDC Holdings, LLC and affiliates have entered into a definitive agreement with Silver Spike Capital, LLC to create a joint venture, subject to SSIC stockholder approvals. Upon closing, SSIC will be renamed Chicago Atlantic BDC, Inc. Positive market response is expected due to Chicago Atlantic's successful track record in real estate investment.
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Rhea-AI Summary
Silver Spike Investment Corp. (SSIC) expands its investment strategy to include companies outside the cannabis and health sectors while still focusing on cannabis. The board approves this move to seek attractive risk-adjusted returns.
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Rhea-AI Sentiment
End-of-Day
8.76%
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none
Rhea-AI Summary
Silver Spike Investment Corp. (SSIC) announced a definitive agreement with Chicago Atlantic Loan Portfolio, LLC for the purchase of a large loan portfolio. The acquisition aligns with SSIC's new investment strategy. The deal is expected to close in mid-2024, adding approximately $130 million in assets to SSIC. The transaction aims to increase scale, liquidity, portfolio diversification, and access to capital markets for SSIC. The Board unanimously approved the acquisition, expecting it to enhance stockholder value.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.76%
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Rhea-AI Summary
Silver Spike Investment Corp. (SSIC) announced its Q3 2023 financial results, reporting total investment income of $2.9 million and net investment income of $1.6 million. The investment portfolio stands at $57.4 million at fair value, with a decrease in net asset value (NAV) per share from $14.49 to $14.06. The company declared a cash dividend of $0.70 per share, consisting of a regular quarterly dividend of $0.25 and a special dividend of $0.45.
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Rhea-AI Sentiment
End-of-Day
-0.42%
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Rhea-AI Summary
Silver Spike Investment Corp. will report financial results for its third quarter ended September 30, 2023, on November 10, 2023. The company will host a conference call and webcast to discuss the results.
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Rhea-AI Sentiment
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0.5%
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Rhea-AI Summary
Silver Spike Investment Corp. declares cash dividend of $0.63 per share, consisting of regular quarterly dividend of $0.23 per share and special dividend of $0.40 per share. Special dividend paid out of excess taxable income. Company expects to pay special dividend in Q4 2023. Dividend reinvestment plan in place.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.2%
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dividends
Silver Spike Investment Corp

Nasdaq:SSIC

SSIC Rankings

SSIC Stock Data

61.59M
0.44%
76.77%
0.07%
Securities and Commodity Exchanges
Finance and Insurance
United States
New York