Sound Point Meridian Capital Inc (SPMC)

NYSE: SPMC · IEX Real-Time Price · USD
19.75
+0.08 (0.41%)
Jul 15, 2024, 2:26 PM EDT - Market open
0.41%
Market Cap n/a
Revenue (ttm) n/a
Net Income (ttm) n/a
Shares Out n/a
EPS (ttm) n/a
PE Ratio n/a
Forward PE n/a
Dividend $2.40 (12.15%)
Ex-Dividend Date Sep 16, 2024
Volume 2,186
Open 19.66
Previous Close 19.67
Day's Range 19.66 - 19.75
52-Week Range 18.20 - 20.21
Beta n/a
Analysts Buy
Price Target 21.00 (+6.33%)
Earnings Date Aug 17, 2024

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 NY
Stock Exchange NYSE
Ticker Symbol SPMC
Full Company Profile

Analyst Forecast

According to one analyst, the rating for SPMC stock is "Buy" and the 12-month stock price forecast is $21.0.

Price Target
$21.0
(6.33% upside)
Analyst Consensus: Buy
Stock Forecasts

News

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 ...

5 days ago - Business Wire

Four ONDA Family Lawyers Named to Lawdragon's 500 X – The Next Generation List

DALLAS--(BUSINESS WIRE)--Four Orsinger, Nelson, Downing & Anderson, LLP (ONDA) attorneys have earned placement on Lawdragon's 500 X – The Next Generation, a global legal guide that recognizes what the...

5 days ago - Business Wire

AM Best to Host Briefing on Cyber Insurance Trends; Industry Panel to Discuss Top Risks and How to Mitigate Them

OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--A panel of AM Best analysts and industry experts will discuss trends in the cyber insurance segment in an online briefing scheduled for Thursday, July 25, ...

6 days ago - Business Wire

Sound Point Meridian Capital, Inc. Announces Common Second Fiscal Quarter 2024 Distributions

NEW YORK--(BUSINESS WIRE)-- #CLOs--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...

17 days ago - Business Wire

Sound Point Meridian Capital, Inc. Announces Closing of Initial Public Offering

NEW YORK--(BUSINESS WIRE)-- #Alternatives--Sound Point Meridian Capital, Inc. (NYSE: SPMC) (the “Company”) today announced the closing of its previously announced initial public offering of 4,000,000 ...

27 days ago - Business Wire

Sound Point Meridian Capital, Inc. Prices Initial Public Offering

NEW YORK--(BUSINESS WIRE)-- #CLO--Sound Point Meridian Capital, Inc. (NYSE: SPMC) (the “Company”) today announced the pricing of its initial public offering of 4,000,000 shares of common stock at a pu...

4 weeks ago - Business Wire