Sound Point Meridian Capital, Inc. (NYSE:SPMC - Free Report) - Equities research analysts at B. Riley reduced their Q1 2026 earnings per share (EPS) estimates for Sound Point Meridian Capital in a report issued on Tuesday, July 15th. B. Riley analyst R. Binner now forecasts that the company will earn $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 began coverage on shares of Sound Point Meridian Capital in a report on Friday. They set a "buy" rating and a $20.00 price objective on the stock.
Check Out Our Latest Analysis on SPMC
Sound Point Meridian Capital Price Performance
SPMC stock traded down $0.28 during midday trading on Wednesday, reaching $18.17. The company's stock had a trading volume of 12,923 shares, compared to its average volume of 24,265. The business's 50-day simple moving average is $18.05 and its 200-day simple moving average is $19.42. Sound Point Meridian Capital has a 52 week low of $16.26 and a 52 week high of $22.30.
Sound Point Meridian Capital (NYSE:SPMC - Get Free Report) last issued its quarterly earnings data on Thursday, May 29th. The company reported $0.66 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.60 by $0.06. The business had revenue of $22.66 million during the quarter, compared to the consensus estimate of $20.48 million.
Sound Point Meridian Capital Dividend Announcement
The business also recently announced a dividend, which will be paid on Thursday, July 31st. Shareholders of record on Wednesday, July 16th will be given a dividend of $0.25 per share. The ex-dividend date is Tuesday, July 15th. This represents a yield of 16.81%.
Institutional Trading of Sound Point Meridian Capital
A hedge fund recently raised its stake in Sound Point Meridian Capital stock. Envestnet Asset Management Inc. lifted its position in Sound Point Meridian Capital, Inc. (NYSE:SPMC - Free Report) by 8.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 145,851 shares of the company's stock after acquiring an additional 11,602 shares during the quarter. Envestnet Asset Management Inc. owned 0.72% of Sound Point Meridian Capital worth $2,908,000 as of its most recent SEC filing.
Sound Point Meridian Capital Company Profile
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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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