Sound Point Meridian Capital, Inc. (SPMA)

NYSE: SPMA · Real-Time Price · USD · Preferred Stock
25.08
-0.15 (-0.59%)
At close: Aug 1, 2025, 4:00 PM
25.08
0.00 (0.00%)
After-hours: Aug 1, 2025, 7:00 PM EDT
-0.59%
Market Cap364.11M
Revenue (ttm)84.32M
Net Income (ttm)21.12M
Shares Out 20.32M
EPS (ttm)n/a
PE Ratio17.24
Forward PE7.20
Dividend$1.46 (5.83%)
Ex-Dividend DateJul 15, 2025
Volume984
Open25.25
Previous Close25.23
Day's Range25.08 - 25.25
52-Week Range23.68 - 25.46
Betan/a
Analystsn/a
Price Targetn/a
Earnings Daten/a

About CTIC

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]

Sector Financials
Founded 2022
Country United States
Stock Exchange NYSE
Ticker Symbol SPMA
Full Company Profile

News

Preferreds Weekly Review: Bonds Vs. Preferreds

We take a look at the action in preferreds and baby bonds through the second week of July and highlight some of the key themes we are watching. Preferreds outperformed broader markets last week; secto...

Other symbols: NYMTSPMC
12 days ago - Seeking Alpha

SPME: An 7.875% Term Preferred IPO From Sound Point Meridian Capital

SPME offers a 7.875% nominal yield, is well-covered by assets, and is priced near par, making it attractive for income-focused portfolios. Sound Point Meridian Capital's asset coverage ratio is 380%, ...

Other symbols: SPMC
13 days ago - Seeking Alpha

Sound Point Meridian Capital Inc (SPMC) Q4 2025 Earnings Call Transcript

Sound Point Meridian Capital Inc (NYSE:SPMC) Q4 2025 Earnings Conference Call May 29, 2025 11:00 AM ET Company Participants Julie Smith - IR Ujjaval Desai - CEO Kevin Gerlitz - CFO Conference Call Pa...

Other symbols: SPMC
2 months ago - Seeking Alpha

It's Raining CLO Equity CEFs And Why We Got Longer

The CLO Equity CEF sector has doubled in size over the past two years, driven by new entrants and favorable market conditions. Key catalysts include a benign default environment, tightening credit spr...

3 months ago - Seeking Alpha

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...

4 months ago - Seeking Alpha

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...

Other symbols: SPMC
6 months ago - Seeking Alpha

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...

7 months ago - Seeking Alpha

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...

Other symbols: IVRSPMC
9 months ago - Seeking Alpha

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...

Other symbols: SPMC
9 months ago - Seeking Alpha

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...

Other symbols: SPMC
9 months ago - Business Wire

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...

Other symbols: SPMC
9 months ago - Business Wire