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: $18.06 to $18.33
• 50-Day Range: $17.42 to $19.76
• 52-Week Range: $16.26 to $22.30
• Volume: 9,762 shs
• Average Volume: 26,267 shs
• Market Capitalization: $368.24 million
• P/E Ratio: N/A
• Dividend Yield: 16.48%
• Price Target: $21.75
• Consensus Rating: Strong Buy

SPMC Stock Analysis - Frequently Asked Questions

How have SPMC shares performed this year?

Sound Point Meridian Capital's stock was trading at $20.90 on January 1st, 2025. Since then, SPMC shares have decreased by 12.9% and is now trading at $18.20.
View the best growth stocks for 2025 here.

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

Sound Point Meridian Capital, Inc. (NYSE:SPMC) posted its earnings results on Thursday, May, 29th. The company reported $0.66 EPS for the quarter, topping the consensus estimate of $0.60 by $0.06. The business had revenue of $22.66 million for the quarter, compared to analyst estimates of $20.48 million.

Who are Sound Point Meridian Capital's major shareholders?

Top institutional shareholders of Sound Point Meridian Capital include Goldman Sachs Group Inc. (2.47%), Thomas J. Herzfeld Advisors Inc. (1.11%), Envestnet Asset Management Inc. (0.72%) and Choreo LLC (0.12%). 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 4/30 Dividend: 4/15/2025
• Ex-Dividend for 4/30 Dividend: 4/15/2025
• Dividend Payable: 4/30/2025
• Ex-Dividend for 5/30 Dividend: 5/15/2025
• Record date for 5/30 Dividend: 5/16/2025
• Last Earnings: 5/29/2025
• Dividend Payable: 5/30/2025
• Today: 6/12/2025
• Next Earnings (Estimated): 8/15/2025
• Fiscal Year End: 3/31/2026

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: Holding & other investment offices
• 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 Stock Price Target: $21.75
• High Stock Price Target: $22.50
• Low Stock Price Target: $21.00
• Potential Upside/Downside: +20.2%
• Consensus Rating: Strong Buy
• Rating Score (0-4): 3.50
• Research Coverage: 2 Analysts

Profitability

• EPS (Most Recent Fiscal Year): N/A
• Trailing P/E Ratio: N/A
• 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: N/A
• Price / Sales: N/A
• 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: $366.12 million
• Optionable: N/A
• Beta: N/A