B. Riley Has Pessimistic View of SPMC Q2 Earnings

Key Points

• B. Riley analysts have reduced their Q2 2026 earnings per share estimate for Sound Point Meridian Capital from $0.63 to $0.56, along with their estimates for the following quarters.
• Sound Point Meridian Capital reported $0.53 EPS for the last quarter, missing consensus estimates by $0.03 and generated $19.21 million in revenue, below expectations of $20.72 million.
• The company has declared a dividend of $0.25 per share, with a significant dividend yield of 1,637.0% and a payout ratio of 211.27%.

Sound Point Meridian Capital, Inc. (NYSE:SPMC - Free Report) - Research analysts at B. Riley cut their Q2 2026 earnings estimates for shares of Sound Point Meridian Capital in a note issued to investors on Wednesday, August 13th. B. Riley analyst R. Binner now expects that the company will earn $0.56 per share for the quarter, down from their prior estimate of $0.63. B. Riley also issued estimates for Sound Point Meridian Capital's Q3 2026 earnings at $0.60 EPS, Q4 2026 earnings at $0.62 EPS, FY2026 earnings at $2.30 EPS and FY2027 earnings at $2.60 EPS.

Separately, Alliance Global Partners initiated coverage on shares of Sound Point Meridian Capital in a research note on Friday, July 18th. They issued a "buy" rating and a $20.00 target price on the stock.

Sound Point Meridian Capital Stock Performance

SPMC traded down $0.38 during midday trading on Thursday, reaching $17.92. The company had a trading volume of 24,765 shares, compared to its average volume of 19,046. The stock has a market cap of $362.52 million, a PE ratio of 6.69 and a beta of 0.26. Sound Point Meridian Capital has a 12-month low of $16.26 and a 12-month high of $22.30. The business has a 50-day moving average price of $17.91 and a two-hundred day moving average price of $19.06.

Sound Point Meridian Capital (NYSE:SPMC - Get Free Report) last released its earnings results on Tuesday, August 12th. The company reported $0.53 earnings per share for the quarter, missing analysts' consensus estimates of $0.56 by ($0.03). The business had revenue of $19.21 million for the quarter, compared to analysts' expectations of $20.72 million.

Sound Point Meridian Capital Dividend Announcement

The firm also recently declared a dividend, which will be paid on Friday, August 29th. Investors of record on Monday, August 18th will be paid a dividend of $0.25 per share. This represents a dividend yield of 1,637.0%. The ex-dividend date is Friday, August 15th. Sound Point Meridian Capital's dividend payout ratio is presently 211.27%.

Institutional Trading of Sound Point Meridian Capital

Institutional investors have recently modified their holdings of the business. Marshall Wace LLP purchased a new stake in shares of Sound Point Meridian Capital during the 4th quarter valued at approximately $371,000. Everest Management Corp. purchased a new stake in shares of Sound Point Meridian Capital during the 2nd quarter valued at approximately $1,303,000. Envestnet Asset Management Inc. lifted its stake in shares of Sound Point Meridian Capital by 8.6% during the 1st quarter. Envestnet Asset Management Inc. now owns 145,851 shares of the company's stock valued at $2,908,000 after buying an additional 11,602 shares in the last quarter. Finally, Kim LLC purchased a new stake in shares of Sound Point Meridian Capital during the 2nd quarter valued at approximately $192,821,000.

About Sound Point Meridian Capital

Sound Point Meridian Capital Inc is an externally managed, non-diversified closed-end management investment company. Its investment objective is to generate high current income, with a secondary objective to generate capital appreciation, by investing primarily in third-party collateralized loan obligation equity and mezzanine tranches.