B. Riley Issues Pessimistic Estimate for SPMC Earnings

Sound Point Meridian Capital, Inc. (NYSE:SPMC) – Investment analysts at B. Riley lowered their Q1 2026 earnings per share (EPS) estimates for Sound Point Meridian Capital in a research report issued to clients and investors on Tuesday, July 15th. B. Riley analyst R. Binner now anticipates that the company will earn $0.60 per share for the quarter, down from their prior estimate of $0.64. B. Riley also issued estimates for Sound Point Meridian Capital’s Q2 2026 earnings at $0.63 EPS, Q3 2026 earnings at $0.65 EPS, Q4 2026 earnings at $0.66 EPS, FY2026 earnings at $2.55 EPS and FY2027 earnings at $2.65 EPS.

Sound Point Meridian Capital (NYSE:SPMC) last announced its earnings results on Thursday, May 29th. The company reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.06. The firm had revenue of $22.66 million for the quarter, compared to analyst estimates of $20.48 million.

Sound Point Meridian Capital Stock Down 0.9%

NYSE:SPMC opened at $17.82 on Wednesday. Sound Point Meridian Capital has a one year low of $16.26 and a one year high of $22.30. The stock has a 50 day moving average price of $18.10 and a 200 day moving average price of $19.45.

Sound Point Meridian Capital Dividend Announcement

The firm also recently announced a dividend, which will be paid on Thursday, July 31st. Shareholders of record on Wednesday, July 16th will be paid a dividend of $0.25 per share. The ex-dividend date is Tuesday, July 15th. This represents a yield of 16.81%.

Institutional Investors Weigh In On Sound Point Meridian Capital

A hedge fund recently raised its stake in Sound Point Meridian Capital stock. Envestnet Asset Management Inc. lifted its stake in Sound Point Meridian Capital, Inc. (NYSE:SPMC) by 8.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 145,851 shares of the company’s stock after purchasing an additional 11,602 shares during the period. Envestnet Asset Management Inc. owned about 0.72% of Sound Point Meridian Capital worth $2,908,000 at the end of the most recent quarter.

About Sound Point Meridian Capital

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.