Marshall Wace LLP acquired a new stake in shares of Sound Point Meridian Capital, Inc. (NYSE:SPMC - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 17,747 shares of the company's stock, valued at approximately $371,000. Marshall Wace LLP owned about 0.09% of Sound Point Meridian Capital at the end of the most recent quarter.
Separately, Oppenheimer & Co. Inc. increased its position in shares of Sound Point Meridian Capital by 15.6% during the 4th quarter. Oppenheimer & Co. Inc. now owns 15,920 shares of the company's stock valued at $333,000 after purchasing an additional 2,145 shares during the last quarter.
Sound Point Meridian Capital Stock Performance
Shares of SPMC traded down $0.05 on Friday, reaching $19.51. The company's stock had a trading volume of 13,484 shares, compared to its average volume of 26,406. Sound Point Meridian Capital, Inc. has a 12-month low of $16.26 and a 12-month high of $22.30. The stock's 50 day simple moving average is $19.55 and its two-hundred day simple moving average is $20.15.
Sound Point Meridian Capital (NYSE:SPMC - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.51 by $0.11.
Sound Point Meridian Capital Company Profile
(
Free Report)
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.
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