Sound Point Meridian Capital (SPMC) Stock Price, News & Analysis

Company Overview

Sound Point Meridian Capital Inc. is an externally managed, non-diversified closed-end management investment company. Its investment objective is to generate high current income, with a secondary objective to generate capital appreciation, by investing primarily in third-party collateralized loan obligation equity and mezzanine tranches. Sound Point Meridian Capital Inc. is based in NEW YORK.

Key Stats

• Today's Range: $20.21 to $20.43
• 50-Day Range: $18.75 to $21.41
• 52-Week Range: $18.20 to $21.97
• Volume: 11,804 shs
• Average Volume: 19,379 shs
• Market Capitalization: N/A
• P/E Ratio: N/A
• Dividend Yield: 14.15%
• Price Target: $21.75
• Consensus Rating: Strong Buy

Sound Point Meridian Capital Stock Analysis - MarketRank™

Sound Point Meridian Capital scored higher than 42% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.8 / 5
• Analyst Rating: Strong Buy

Consensus Rating

Sound Point Meridian Capital has received a consensus rating of Strong Buy. The company's average rating score is 3.50, and is based on 1 buy rating, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Sound Point Meridian Capital has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 120.00%

Earnings Growth

Earnings for Sound Point Meridian Capital are expected to grow by 120.00% in the coming year, from $1.25 to $2.75 per share.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.05% of the float of Sound Point Meridian Capital has been sold short.

Short Interest Ratio / Days to Cover

Sound Point Meridian Capital has a short interest ratio ("days to cover") of 0.3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Sound Point Meridian Capital has recently increased by 2.56%, indicating that investor sentiment is decreasing.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Leadership

Sound Point Meridian Capital is a leading dividend payer. It pays a dividend yield of 12.95%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Sound Point Meridian Capital does not have a long track record of dividend growth.

Dividend Sustainability

Based on EPS estimates, Sound Point Meridian Capital will have a dividend payout ratio of 104.73% in the coming year. This indicates that Sound Point Meridian Capital may not be able to sustain their current dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

0.05% of the float of Sound Point Meridian Capital has been sold short.

Short Interest Ratio / Days to Cover

Sound Point Meridian Capital has a short interest ratio ("days to cover") of 0.3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Sound Point Meridian Capital has recently increased by 2.56%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 1.9 / 5
• News Sentiment: N/A

News Sentiment

Sound Point Meridian Capital has a news sentiment score of 0.40. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.75 average news sentiment score of Finance companies.

Search Interest

Only 2 people have searched for SPMC on MarketBeat in the last 30 days. This is a decrease of -75% compared to the previous 30 days.

MarketBeat Follows

1 people have added Sound Point Meridian Capital to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, Sound Point Meridian Capital insiders have bought more of their company's stock than they have sold. Specifically, they have bought $121,850.00 in company stock and sold $0.00 in company stock.

SPMC Stock Analysis - Frequently Asked Questions

How have SPMC shares performed this year?

Sound Point Meridian Capital's stock was trading at $19.90 on January 1st, 2024. Since then, SPMC shares have increased by 2.3% and is now trading at $20.36.
View the best growth stocks for 2024 here.

Who are Sound Point Meridian Capital's major shareholders?

Sound Point Meridian Capital's top institutional shareholders include Rivernorth Capital Management LLC, Rivernorth Capital Management LLC and Oppenheimer & Co. Inc.. Insiders that own company stock include Stephen Ketchum and Matthew E Forstenhausler.
View institutional ownership trends.

How do I buy shares of Sound Point Meridian Capital?

Shares of SPMC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Sound Point Meridian Capital own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Sound Point Meridian Capital investors own include Exxon Mobil (XOM), Vitesse Energy (VTS), Philip Morris International (PM), Oaktree Specialty Lending (OCSL), Blue Owl Capital (OBDC), Altria Group (MO) and Jefferies Financial Group (JEF).

Company Calendar

• Ex-Dividend for 12/31 Dividend: 12/16/2024
• Today: 12/21/2024
• Dividend Payable: 12/31/2024
• Fiscal Year End: 12/31/2024
• Ex-Dividend for 1/31 Dividend: 1/15/2025
• Dividend Payable: 1/31/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: Holding & other investment offices
• Sub-Industry: N/A
• Current Symbol: NYSE:SPMC
• CUSIP: N/A
• CIK: 1930147
• Web: www.soundpointcap.com
• Phone: (212) 895-2280
• Fax: N/A
• Employees: N/A
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $21.75
• High Stock Price Target: $22.50
• Low Stock Price Target: $21.00
• Potential Upside/Downside: +6.8%
• Consensus Rating: Strong Buy
• Rating Score (0-4): 3.50
• Research Coverage: 2 Analysts

Profitability

• EPS (Most Recent Fiscal Year): N/A
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: N/A
• Net Margins: N/A
• Pretax Margin: N/A
• Return on Equity: N/A
• Return on Assets: N/A

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: N/A
• Quick Ratio: N/A

Sales & Book Value

• Annual Sales: N/A
• Price / Sales: N/A
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: N/A
• Price / Book: N/A

Miscellaneous

• Outstanding Shares: N/A
• Free Float: N/A
• Market Cap: N/A
• Optionable: N/A
• Beta: N/A