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Sound Point Meridian Capital

SPMC · NYSE

$6.19−$0.5531 (−8.21%)TodayMarket closed ·
Prev close $6.74

About SPMC

Sound Point Meridian Capital Inc is a US-based company operating in Capital Markets industry. The company is headquartered in New York City, New York. The company went IPO on 2024-06-14. Sound Point Meridian Capital, Inc. is an externally managed, non-diversified, closed-end management investment company. The Company’s investment objective is to generate high current income, with a secondary objective to generate capital appreciation. The company seeks to achieve its investment objectives by investing primarily in third-party collateralized loan obligations (CLO) equity and mezzanine tranches of predominately United States dollar denominated CLOs backed by corporate leveraged loans issued primarily to United States obligors. The company may also invest in other securities and instruments including, among other investments, junior debt tranches of CLOs and loan accumulation facilities. The firm is externally managed and advised by Sound Point Meridian Management Company, LLC.

Employees
0
Headquarters
New York City, New York
Listed
Jun 14, 2024
Sector
Financials
Industry
Capital Markets
Website
soundpointmeridiancap.com

SPMC key statistics

Market cap
211.86M
Price-earnings ratio
0.00
Dividend yield
41.55%
Average volume
27.82K
Volume
96.72K
Open price
$6.69
High today
$6.77
Low today
$6.09
52 Week high
$16.75
52 Week low
$6.70

Sound Point Meridian Capital (SPMC) at a glance

Sound Point Meridian Capital (SPMC) last traded at $6.19, with a market cap of 211.86M, a price-to-earnings ratio of 0.00 and a dividend yield of 41.55%.

Today the stock has traded between $6.09 and $6.77. The current price is 1.6% above the day's low and 8.5% below its high.

Volume so far is 96.72K shares, above the average of 27.82K shares a day.

Over the past year Sound Point Meridian Capital has ranged from $6.70 to $16.75, and now sits -5% of the way up that range.

Sound Point Meridian Capital met or beat analyst EPS estimates in 0 of the last 5 quarters. In Q1 FY27 it reported $0.24 per share against an estimate of $0.6332.

The average analyst price target is $12.62, 104.0% above the current price, from 3 recent ratings.

Analyst ratings

Latest rating from each analyst over the past 12 months

33%of 3 analyst ratings say Buy
  • Buy33.3%
  • Hold66.7%
  • Sell0.0%
Price target · 6 analystsAvg $12.62
Low
$10.10
Now
$6.19
High
$18.90

SPMC earnings

Earnings per share, reported against the analyst estimate

Didn’t beat the estimate in any of the last 5 quarters.

  1. Q1 FY26: reported $0.53 per share against an estimate of $0.5814
  2. Q2 FY26: reported $0.54 per share against an estimate of $0.572
  3. Q3 FY26: reported $0.44 per share against an estimate of $0.5433
  4. Q4 FY26: reported $0.34 per share against an estimate of $0.4236
  5. Q1 FY27: reported $0.24 per share against an estimate of $0.6332

SPMC news

  • 12 Financials Stocks Moving In Tuesday's After-Market Session

  • Press releaseBusiness Wire

    Sound Point Meridian Capital, Inc. Announces Third Fiscal Quarter 2027 Common and Preferred Distributions and Results for the First Fiscal Quarter Ended June 30, 2026

  • Press releaseBusiness Wire

    Sound Point Meridian Capital, Inc. Schedules First Fiscal Quarter Ended June 30, 2026 Earnings Release and Conference Call

  • Press releaseBusiness Wire

    Sound Point Meridian Capital, Inc. Announces Results for the Fourth Fiscal Quarter Ended March 31, 2026

  • Press releaseBusiness Wire

    Sound Point Meridian Capital, Inc. Announces Second Fiscal Quarter 2027 Common and Preferred Distributions

  • Press releaseBusiness Wire

    Sound Point Meridian Capital, Inc. Schedules Fourth Fiscal Quarter Ended March 31, 2026 Earnings Release and Conference Call

  • Press releaseBusiness Wire

    Sound Point Meridian Capital, Inc. Announces First Fiscal Quarter 2027 Common Distributions and Preferred Distributions and Results for the Third Fiscal Quarter Ended December 31, 2025

  • Press releaseBusiness Wire

    Sound Point Meridian Capital, Inc. Schedules Third Fiscal Quarter Ended December 31, 2025 Earnings Release and Conference Call

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Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.