Sound Point Meridian Capital, Inc. (SPMC)
| Market Cap | 384.92M |
| Revenue (ttm) | n/a |
| Net Income (ttm) | n/a |
| Shares Out | 20.20M |
| EPS (ttm) | n/a |
| PE Ratio | n/a |
| Forward PE | 11.28 |
| Dividend | $2.64 (13.85%) |
| Ex-Dividend Date | Dec 16, 2024 |
| Volume | 26,186 |
| Open | 19.30 |
| Previous Close | 19.31 |
| Day's Range | 18.95 - 19.40 |
| 52-Week Range | 18.20 - 20.65 |
| Beta | n/a |
| Analysts | Strong Buy |
| Price Target | 21.75 (+14.11%) |
| Earnings Date | Nov 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]
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 14.11% from the latest price.
News
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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 ...
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...
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, ...
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...
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 ...
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...