B. Riley Issues Pessimistic Outlook for SPMC Earnings

Sound Point Meridian Capital, Inc. (NYSE:SPMC) – Stock analysts at B. Riley reduced their Q4 2025 earnings estimates for Sound Point Meridian Capital in a research note issued on Monday, April 21st. B. Riley analyst R. Binner now expects that the company will post earnings per share of $0.62 for the quarter, down from their previous estimate of $0.68. B. Riley currently has a “Strong-Buy” rating on the stock.

Sound Point Meridian Capital Trading Up 4.6 %

Shares of SPMC stock opened at $18.53 on Wednesday. The business’s 50 day moving average price is $20.04 and its 200-day moving average price is $20.19. Sound Point Meridian Capital has a fifty-two week low of $16.26 and a fifty-two week high of $22.30.

Sound Point Meridian Capital (NYSE:SPMC) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.11.

Sound Point Meridian Capital Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be issued a $0.25 dividend. The ex-dividend date is Tuesday, April 15th. This represents a $3.00 annualized dividend and a yield of 16.19%.

Institutional Investors Weigh In On Sound Point Meridian Capital

An institutional investor recently raised its position in Sound Point Meridian Capital stock. Oppenheimer & Co. Inc. raised its position in shares of Sound Point Meridian Capital, Inc. (NYSE:SPMC) by 15.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 15,920 shares of the company’s stock after acquiring an additional 2,145 shares during the quarter. Oppenheimer & Co. Inc. owned approximately 0.08% of Sound Point Meridian Capital worth $333,000 at the end of the most recent quarter.

Sound Point Meridian Capital Company Profile

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.