Sound Point Meridian Capital, Inc. (SPMC)

NYSE: SPMC · Real-Time Price · USD
19.56
-0.20 (-1.01%)
May 8, 2025, 4:00 PM - Market closed
-1.01%
Market Cap 396.77M
Revenue (ttm) 46.38M
Net Income (ttm) 63.60M
Shares Out 20.28M
EPS (ttm) 3.14
PE Ratio 6.24
Forward PE 8.10
Dividend $2.83 (14.47%)
Ex-Dividend Date Jun 13, 2025
Volume 33,008
Open 19.80
Previous Close 19.76
Day's Range 19.52 - 20.00
52-Week Range 16.26 - 22.30
Beta n/a
Analysts Strong Buy
Price Target 21.75 (+11.2%)
Earnings Date May 17, 2025

About SPMC

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]

Founded 2022
Country United States
Stock Exchange NYSE
Ticker Symbol SPMC
Full Company Profile

Financial Performance

Financial numbers in USD Financial Statements

Analyst Forecast

According to 2 analysts, the average rating for SPMC stock is "Strong Buy." The 12-month stock price forecast is $21.75, which is an increase of 11.20% from the latest price.

Price Target
$21.75
(11.20% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

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...

1 day ago - Seeking Alpha

2 High-Yield Picks From ECC And SPMC - Yields Up To 9%

CLO equity is popular but often overvalued; fixed income instruments from ECC and SPMC offer more attractive risk-adjusted returns. ECCW Baby Bond offers a 6.75% annual dividend, trading at $23 with a...

Other symbols: ECC
2 days ago - Seeking Alpha

Weekly Closed-End Fund Roundup: CUBA Jumping On CLO Bandwagon (April 13, 2025)

10 out of 22 CEF sectors were positive on price and 5 out of 22 sectors were positive on NAV last week. Herzfeld Caribbean Basin Fund is jumping on the CLO bandwagon. CLM/CRF announces a rights offeri...

15 days ago - Seeking Alpha

Why CLO Equity Could Be In For More Pain Ahead (And How To Navigate It)

CLO equity prices are facing pressure from rising risks and default expectations. CLO equity is still generating strong cash flows for patient investors. Our CEF rotation strategy can deliver alpha du...

6 weeks 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...

7 weeks ago - Seeking Alpha

CEF Weekly Review: The Different Flavors Of Net Investment Income

We review the CEF market valuation and performance through the last week of February and highlight recent market action. CEF market saw mixed performance with Muni sectors outperforming due to lower T...

Other symbols: CCIFPDCC
2 months ago - Seeking Alpha

The Tide Is Changing, Be Prepared With CLOs To Keep The Income Streaming In

The Magnificent Seven stocks led a bull run from late 2022 to 2024, but 2025's market correction reveals vulnerabilities, offering opportunities in high-yield CLO equity funds. CLO equity funds, like ...

Other symbols: CCIFECCOCCIOXLC
2 months ago - Seeking Alpha

SPMC: Outperformance And Income Growth Catalysts For This 13.7% Yielding CEF

SPMC's Q4 results show a net investment income of $0.62 per share, with NAV rising by nearly 5% due to significant realized and unrealized gains. The fund focuses on the primary CLO market for cleaner...

2 months ago - Seeking Alpha

CEF Weekly Review: Explaining Preferred CEFs Double-Digit Gains

We review the CEF market valuation and performance through the first week of February and highlight recent market action. CEFs had a strong week, with most sectors in the green, driven by EM Equity an...

2 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: SPMA
3 months ago - Seeking Alpha

Sound Point Meridian Capital, Inc. Announces Results for the Third Fiscal Quarter Ended December 31, 2024

NEW YORK--(BUSINESS WIRE)-- #CLO--Sound Point Meridian Capital, Inc. (NYSE: SPMC, SPMA), a closed-end management investment company that has registered as an investment company under the Investment Co...

3 months ago - Business Wire

Sound Point Meridian Capital, Inc. Announces First Fiscal Quarter 2026 Common Distributions and Preferred Distributions

NEW YORK--(BUSINESS WIRE)-- #CLO--Sound Point Meridian Capital, Inc. (NYSE: SPMC, SPMA), a closed-end management investment company that has registered as an investment company under the Investment Co...

3 months ago - Business Wire

Sound Point Meridian Capital, Inc. Schedules Third Fiscal Quarter Ended December 31, 2024 Earnings Release and Conference Call

NEW YORK--(BUSINESS WIRE)-- #CLO--Sound Point Meridian Capital, Inc. (NYSE: SPMC), a closed-end management investment company that has registered as an investment company under the Investment Company ...

3 months ago - Business Wire

SPMC: New CLO Equity CEF Raises Monthly Dividend Again, Now Yields 13%

Sound Point Meridian Capital Inc., a new closed-end fund investing in CLO Equity, is rated a Buy due to strong performance, high-yield dividends, and solid backing from reputable institutions. The CLO...

5 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: IVRSPMA
6 months ago - Seeking Alpha

CEF Weekly Review: Few Opportunities This Tax-Loss Season

We review the CEF market valuation and performance through the second week of November and highlight recent market action. CEFs had a strong week, with MLPs and Equity-linked sectors leading. Tax-loss...

Other symbols: XFLT
6 months ago - Seeking Alpha

Sound Point Meridian Capital, Inc. Announces Results for the Second Fiscal Quarter Ended September 30, 2024

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...

6 months ago - Business Wire

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: SPMA
6 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: SPMA
6 months ago - Business Wire

SPMC: Not The Right Time To Leverage Up, Preferred Shares Look Better

SPMC predominantly invests in CLO equity tranches, with about 95% of its portfolio consisting of these high-yield but high-risk instruments. The remaining investments include warehouse debt and CLO de...

6 months ago - Seeking Alpha

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...

Other symbols: SPMA
6 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: SPMA
6 months ago - Business Wire

Sound Point Meridian Capital, Inc. Schedules Second Fiscal Quarter Ended September 30, 2024 Earnings Release and Conference Call

NEW YORK--(BUSINESS WIRE)-- #CLO--Sound Point Meridian Capital, Inc. (NYSE: SPMC), a closed-end management investment company that has registered as an investment company under the Investment Company ...

6 months ago - Business Wire

CEF Weekly Review: CEFs Rally Through First Fed Cut

We review the CEF market valuation and performance through the third week of September and highlight recent market action. Most CEF sectors rose, led by preferreds and convertibles. The DTF Tax-Free I...

Other symbols: DTFPCF
7 months ago - Seeking Alpha

SPMC: The 13%-Yielding CLO CEF Makes Its Public Debut

SPMC, a new CLO Equity CEF, recently launched with a 13% yield. SPMC's unique use of a credit facility for leverage, unlike peers, could pose risks due to strict covenants but offers potential for hig...

8 months ago - Seeking Alpha