B. Riley Issues Pessimistic Forecast for SPMC Earnings

Sound Point Meridian Capital, Inc. (NYSE:SPMC - Free Report) - Stock analysts at B. Riley reduced their Q1 2026 EPS estimates for shares of Sound Point Meridian Capital in a research note issued to investors on Tuesday, July 15th. B. Riley analyst R. Binner now forecasts that the company will post earnings of $0.60 per share for the quarter, down from their previous forecast of $0.64. B. Riley also issued estimates for Sound Point Meridian Capital's Q2 2026 earnings at $0.63 EPS, Q3 2026 earnings at $0.65 EPS, Q4 2026 earnings at $0.66 EPS, FY2026 earnings at $2.55 EPS and FY2027 earnings at $2.65 EPS.

Separately, Alliance Global Partners initiated coverage on shares of Sound Point Meridian Capital in a report on Friday. They issued a "buy" rating and a $20.00 price objective on the stock.

Sound Point Meridian Capital Stock Down 0.9%

Shares of NYSE SPMC traded down $0.17 during trading on Wednesday, hitting $18.28. 7,188 shares of the company were exchanged, compared to its average volume of 24,162. Sound Point Meridian Capital has a 12-month low of $16.26 and a 12-month high of $22.30. The company has a fifty day moving average price of $18.07 and a 200-day moving average price of $19.44.

Sound Point Meridian Capital (NYSE:SPMC - Get Free Report) last posted its quarterly 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 company had revenue of $22.66 million for the quarter, compared to analysts' expectations of $20.48 million.

Sound Point Meridian Capital Announces Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, July 31st. Stockholders of record on Wednesday, July 16th will be given a dividend of $0.25 per share. This represents a dividend yield of 16.81%. The ex-dividend date of this dividend is Tuesday, July 15th.

Hedge Funds Weigh In On Sound Point Meridian Capital

An institutional investor recently bought a new position in Sound Point Meridian Capital stock. Marshall Wace LLP acquired a new position in shares of Sound Point Meridian Capital, Inc. (NYSE:SPMC - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 17,747 shares of the company's stock, valued at approximately $371,000. Marshall Wace LLP owned approximately 0.09% of Sound Point Meridian Capital as of its most recent filing with the Securities & Exchange Commission.

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.