B. Riley Brokers Reduce Earnings Estimates for SPMC

Sound Point Meridian Capital, Inc. (NYSE:SPMC) – Investment analysts at B. Riley decreased their Q4 2025 earnings per share (EPS) estimates for shares of Sound Point Meridian Capital in a report issued on Monday, April 21st. B. Riley analyst R. Binner now expects that the company will earn $0.62 per share for the quarter, down from their prior forecast of $0.68. B. Riley currently has a “Strong-Buy” rating on the stock.

Sound Point Meridian Capital Stock Up 1.8 %

SPMC stock opened at $18.86 on Wednesday. Sound Point Meridian Capital has a fifty-two week low of $16.26 and a fifty-two week high of $22.30. The business has a fifty day moving average price of $19.99 and a 200 day moving average price of $20.18.

Sound Point Meridian Capital (NYSE:SPMC) last released its 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.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Sound Point Meridian Capital stock. Oppenheimer & Co. Inc. grew its stake in Sound Point Meridian Capital, Inc. (NYSE:SPMC) by 15.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,920 shares of the company’s stock after purchasing an additional 2,145 shares during the period. Oppenheimer & Co. Inc. owned about 0.08% of Sound Point Meridian Capital worth $333,000 as of its most recent filing with the Securities and Exchange Commission.

Sound Point Meridian Capital Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $3.00 annualized dividend and a yield of 15.91%.

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.