Sound Point Meridian Capital (SPMC) Stock Price, News & Analysis

Company Overview

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. Sound Point Meridian Capital Inc. is based in NEW YORK.

Key Stats

• Today's Range: $17.80 to $17.90
• 50-Day Range: $17.04 to $18.44
• 52-Week Range: $16.26 to $22.30
• Volume: 19,175 shs
• Average Volume: 19,872 shs
• Market Capitalization: $360.25 million
• P/E Ratio: 12.55
• Dividend Yield: 16.85%
• Price Target: $21.25
• Consensus Rating: Buy

Sound Point Meridian Capital Stock Analysis - MarketRank™

Sound Point Meridian Capital scored higher than 56% of companies evaluated by MarketBeat, and ranked 611th out of 934 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.5 / 5
• Analyst Rating: Buy

Consensus Rating

Sound Point Meridian Capital has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

Sound Point Meridian Capital has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Sound Point Meridian Capital is 12.55, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 28.74.

Price to Earnings Ratio vs. Sector

The P/E ratio of Sound Point Meridian Capital is 12.55, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 19.44.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.14% of the float of Sound Point Meridian Capital has been sold short.

Short Interest Ratio / Days to Cover

Sound Point Meridian Capital has a short interest ratio ("days to cover") of 1.2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Sound Point Meridian Capital has recently increased by 1.74%, indicating that investor sentiment is decreasing.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Leadership

Sound Point Meridian Capital is a leading dividend payer. It pays a dividend yield of 16.83%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Sound Point Meridian Capital does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Sound Point Meridian Capital is 211.27%. Payout ratios above 75% are not desirable because they may not be sustainable.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

0.14% of the float of Sound Point Meridian Capital has been sold short.

Short Interest Ratio / Days to Cover

Sound Point Meridian Capital has a short interest ratio ("days to cover") of 1.2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Sound Point Meridian Capital has recently increased by 1.74%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 2.5 / 5
• News Sentiment: 0.59

News Sentiment

Sound Point Meridian Capital has a news sentiment score of 0.59. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 1.18 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 5 news articles for Sound Point Meridian Capital this week, compared to 1 article on an average week.

Search Interest

6 people have searched for SPMC on MarketBeat in the last 30 days. This is an increase of 500% compared to the previous 30 days.

MarketBeat Follows

Only 4 people have added Sound Point Meridian Capital to their MarketBeat watchlist in the last 30 days. This is a decrease of -43% compared to the previous 30 days.

Company Ownership

• Score: N/A
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Sound Point Meridian Capital insiders have not sold or bought any company stock.

SPMC Stock Analysis - Frequently Asked Questions

How have SPMC shares performed this year?

Sound Point Meridian Capital's stock was trading at $20.90 at the start of the year. Since then, SPMC shares have decreased by 14.7% and is now trading at $17.8250.

How were Sound Point Meridian Capital's earnings last quarter?

Sound Point Meridian Capital, Inc. (NYSE:SPMC) posted its quarterly earnings data on Tuesday, August, 12th. The company reported $0.53 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.56 by $0.03. The company had revenue of $19.21 million for the quarter, compared to the consensus estimate of $20.72 million.

Who are Sound Point Meridian Capital's major shareholders?

Top institutional investors of Sound Point Meridian Capital include Kim LLC (53.31%), Envestnet Asset Management Inc. (0.49%), Marshall Wace LLP (0.38%) and Everest Management Corp. (0.36%). Insiders that own company stock include Stephen Ketchum and Matthew E Forstenhausler.
View institutional ownership trends.

How do I buy shares of Sound Point Meridian Capital?

Shares of SPMC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of Sound Point Meridian Capital own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Sound Point Meridian Capital investors own include Exxon Mobil (XOM), Vitesse Energy (VTS), Philip Morris International (PM), Oaktree Specialty Lending (OCSL), Blue Owl Capital (OBDC), Altria Group (MO) and Jefferies Financial Group (JEF).

Company Calendar

• Record date for 7/31 Dividend: 7/15/2025
• Ex-Dividend for 7/31 Dividend: 7/15/2025
• Dividend Payable: 7/31/2025
• Last Earnings: 8/12/2025
• Record date for 8/29 Dividend: 8/15/2025
• Ex-Dividend for 8/29 Dividend: 8/15/2025
• Today: 8/29/2025
• Dividend Payable: 8/29/2025
• Next Earnings (Estimated): 9/12/2025
• Fiscal Year End: 3/31/2026

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: FIN - INVEST MGMT
• Sub-Industry: N/A
• Current Symbol: NYSE:SPMC
• Previous Symbol: NYSE:SPMC
• CIK: 1930147
• Web: www.soundpointcap.com
• Phone: (212) 895-2280
• Fax: N/A
• Employees: N/A
• Year Founded: N/A

Price Target and Rating

• Average Price Target for Sound Point Meridian Capital: $21.25
• High Price Target: $22.50
• Low Price Target: $20.00
• Potential Upside/Downside: +19.2%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 3 Analysts

Profitability

• EPS (Trailing Twelve Months): N/A
• Trailing P/E Ratio: 12.55
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: N/A
• Net Margins: N/A
• Pretax Margin: N/A
• Return on Equity: N/A
• Return on Assets: N/A

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: N/A
• Quick Ratio: N/A

Sales & Book Value

• Annual Sales: $64.39 million
• Price / Sales: 5.60
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: N/A
• Price / Book: N/A

Miscellaneous

• Outstanding Shares: 20,233,000
• Free Float: N/A
• Market Cap: $360.65 million
• Optionable: N/A
• Beta: 0.26