Sound Point Meridian Capital, Inc. (SPMC)
| Market Cap | 400.01M |
| Revenue (ttm) | 46.38M |
| Net Income (ttm) | 63.60M |
| Shares Out | 20.28M |
| EPS (ttm) | 3.14 |
| PE Ratio | 6.29 |
| Forward PE | 7.97 |
| Dividend | $2.83 (14.35%) |
| Ex-Dividend Date | Jun 13, 2025 |
| Volume | 40,355 |
| Open | 19.70 |
| Previous Close | 19.84 |
| Day's Range | 19.30 - 19.97 |
| 52-Week Range | 18.20 - 22.30 |
| Beta | n/a |
| Analysts | Strong Buy |
| Price Target | 21.75 (+10.29%) |
| 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]
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 10.29% from the latest price.
News
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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...
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...
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...
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...
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...
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 ...
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...
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...
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...
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...
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...
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...
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...
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 ...
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...
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...
Sound Point Meridian Capital, Inc Announces Fourth Fiscal Quarter 2024 Common Distributions and Fiscal Second Quarter 2024 Financial Results
NEW YORK--(BUSINESS WIRE)-- #CLO--Sound Point Meridian Capital, Inc. (the “Company”) (NYSE: SPMC) today is pleased to announce the declaration of distributions on shares of the Company's common stock,...
Sound Point Meridian Capital, Inc. Schedules Second Quarter 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 ...
Sound Point Meridian Announces $100 Million “Net Asset Value” Credit Facility
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 ...