Sound Point Meridian Capital, Inc. (SPMA)
| Market Cap | 365.53M |
| Revenue (ttm) | 46.38M |
| Net Income (ttm) | 63.60M |
| Shares Out | 20.28M |
| EPS (ttm) | 3.14 |
| PE Ratio | 5.75 |
| Forward PE | 6.83 |
| Dividend | $0.96 (3.95%) |
| Ex-Dividend Date | Apr 15, 2025 |
| Volume | n/a |
| Open | n/a |
| Previous Close | 24.38 |
| Day's Range | n/a |
| 52-Week Range | 23.68 - 25.20 |
| Beta | n/a |
| Analysts | n/a |
| Price Target | n/a |
| Earnings Date | n/a |
About SPMA
Sound Point Meridian Capital, LLC operates as a closed-end management investment company in the United States. It focuses on investing primarily in equity and mezzanine tranches of collateralized loan obligations, which are collateralized by portfolios consisting primarily of below-investment grade U.S. senior secured loans. The company was founded in 2022 and is based in New York, New York. [Read more]
Financial Performance
News
Closed-End Funds: Seeking Stable Yields From CLO Baby Bonds And Preferred
Collateralized loan obligation CEFs offer high yields but come with significant leverage, volatility and higher risk, making them less appropriate for all income investors. Baby bonds and preferred of...
Sound Point Meridian Capital Inc (SPMC) Q3 2025 Earnings Call Transcript
Sound Point Meridian Capital Inc (NYSE:SPMC) Q3 2025 Earnings Conference Call February 12, 2025 10:00 AM ET Company Participants Peter Sceusa - Investor Relations Ujjaval Desai - Chief Executive Offi...
SPMA: An 8.00% Term Preferred IPO From Sound Point Meridian Capital
Sound Point Meridian Capital Inc's 8% Series A Term Preferred Shares, SPMA, offer an attractive yield, trading at $24.90 with a Yield to Maturity of 8.35%. SPMA's strong capital structure and signific...
Preferreds Weekly Review: Mortgage REITs See Some Redemptions
We take a look at the action in preferreds and baby bonds through the second week of November and highlight some of the key themes we are watching. Preferred stocks had a strong week with a 2% total r...
SPMA: New CEF Preferred Equity, 8% Yield
SPMA represents the ticker for the new Series A preferred shares from Sound Point Meridian Capital. SPMA began trading on November 8, 2024, below the $25 par value, largely due to the underwriting pro...
Sound Point Meridian Capital, Inc. Announces 9.1% Increase in First Calendar Quarter 2025 Common Distributions and Declares Preferred Distributions
NEW YORK--(BUSINESS WIRE)-- #CLOs--Sound Point Meridian Capital, Inc. (NYSE: SPMC, SPMA), a closed-end management investment company that has registered as an investment company under the Investment C...
Sound Point Meridian Capital Prices Offering of Preferred Shares
NEW YORK--(BUSINESS WIRE)-- #CLO--Sound Point Meridian Capital, Inc. (the “Company”) (NYSE: SPMC) today announced that it has priced an underwritten public offering of 2,000,000 shares of its 8.00% Se...
Sound Point Meridian Capital Announces Offering of Series A Preferred Shares
NEW YORK--(BUSINESS WIRE)-- #CLO--Sound Point Meridian Capital, Inc. (the “Company”) (NYSE: SPMC), an externally managed closed-end fund focused on primarily investing in equity and junior debt tranch...