Sound Point Meridian Capital Inc. (SPMC)
NYSE: SPMCFinancial ServicesAsset ManagementUSD
At close: Oct 8, 4:00 PM ET · Delayed 15 min
SPMC stock chart
Technical analysisKey statistics
All statistics- Market cap
- $169.57M
- Forward P/E
- 6.15
- EPS (TTM)
- -$6.15
- Dividend yield
- 34.67% ($2.85)
- 52-week range
- 7.82 – 17.94
- Day range
- 8.17 – 8.29
- Volume / Avg
- 11.30K / 25.21K
- Beta
- —
- Shares outstanding
- 20.63M
52-week range
SPMC stock today
Shares of Sound Point Meridian Capital (SPMC) finished lower on Oct 8 at $8.22, a drop of 0.12% or $0.01 per share, versus the S&P 500's 0.47% decline. Trading was light, with 11.30K shares changing hands, about 45% of the average daily volume. Shares are 54.2% below their 52-week high of $17.94 and 5.1% above the 52-week low of $7.82, near the bottom of the past year's range.
Sound Point Meridian Capital has posted a net loss over the last twelve months (EPS of -$6.15), so its P/E ratio is not meaningful. Sound Point Meridian Capital pays an annual dividend of $2.85 per share, a 34.67% yield at the current price.
Summary generated from market data by MetaCap's automated system. Methodology
About Sound Point Meridian Capital
Company profileSound 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.
- Sector
- Financial Services
- Industry
- Asset Management
- CEO
- Mr. Ujjaval Desai
- Headquarters
- New York, NY
- IPO year
- 2024
Analyst forecast
ForecastConsensus (4 analysts)
buy
Avg. price target
$10.50+27.74%
- Strong buy 0
- Buy 2
- Hold 2
- Sell 0
- Strong sell 0
Target range
Ratings and targets reflect third-party analyst opinions, not MetaCap recommendations.
Dividends
Dividend history- Annual dividend
- $2.85
- Dividend yield
- 34.67%
Sound Point Meridian Capital peers
Financial Services sector| Company | Price | % Chg | Market cap | Compare |
|---|---|---|---|---|
| OPPRiverNorth/DoubleLine Strategic Opportunity Fund Inc. | 6.90 | 0.00% | $172.43M | vs SPMC |
| EDFVirtus Stone Harbor Emerging Markets Income Fund | 4.72 | -0.42% | $151.86M | vs SPMC |
| RVIIRobinhood Ventures Fund II | 21.94 | -0.23% | $198.92M | vs SPMC |
| SABASaba Capital Income & Opportunities Fund II | 7.80 | -0.26% | $208.68M | vs SPMC |
| PNNTPennantPark Investment Corporation | 3.21 | +0.94% | $209.60M | vs SPMC |
| IAFabrdn Australia Equity Fund Inc. | 12.55 | +0.97% | $120.26M | vs SPMC |
| LGILazard Global Total Return and Income Fund | 16.96 | -0.29% | $220.94M | vs SPMC |
| JHSJohn Hancock Income Securities Trust | 10.12 | +0.40% | $117.86M | vs SPMC |
Indexes, lists and sector
Sound Point Meridian Capital stock FAQ
What is Sound Point Meridian Capital's stock price today?
SPMC last traded at $8.22 as of Oct 8, 4:00 PM EDT, down 0.12% on the day. Prices are delayed at least 15 minutes.
Does Sound Point Meridian Capital pay a dividend?
Yes. Sound Point Meridian Capital pays $2.85 per share annually, a 34.67% yield.
Who is Sound Point Meridian Capital's CEO?
Mr. Ujjaval Desai is the chief executive officer of Sound Point Meridian Capital Inc..
What is the SPMC 52-week high?
The 52-week high for SPMC is $17.94 and the 52-week low is $7.82. The stock is currently 54.2% below its high.