What is B. Riley’s Estimate for SPMC Q3 Earnings?

Sound Point Meridian Capital, Inc. (NYSE:SPMC) – Equities research analysts at B. Riley issued their Q3 2026 earnings estimates for Sound Point Meridian Capital in a research note issued on Thursday, November 20th. B. Riley analyst T. D’agostino forecasts that the company will post earnings per share of $0.56 for the quarter. B. Riley currently has a “Buy” rating and a $16.00 price objective on the stock. B. Riley also issued estimates for Sound Point Meridian Capital’s Q4 2026 earnings at $0.57 EPS, FY2026 earnings at $2.20 EPS, Q1 2027 earnings at $0.57 EPS, Q2 2027 earnings at $0.57 EPS, Q3 2027 earnings at $0.58 EPS and FY2027 earnings at $2.30 EPS.

Other equities analysts also recently issued reports about the stock. Zacks Research raised shares of Sound Point Meridian Capital from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 26th. Industrial Alliance Securities set a $18.50 price objective on Sound Point Meridian Capital in a research report on Thursday, November 13th. Finally, Compass Point set a $20.00 target price on Sound Point Meridian Capital in a report on Tuesday, September 30th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $18.63.

Sound Point Meridian Capital Stock Down 2.6%

Shares of NYSE SPMC opened at $14.71 on Monday. The company has a market cap of $301.01 million, a price-to-earnings ratio of 73.53 and a beta of 0.20. Sound Point Meridian Capital has a 52 week low of $14.54 and a 52 week high of $22.30. The firm’s fifty day moving average is $16.77 and its 200 day moving average is $17.61.

Sound Point Meridian Capital (NYSE:SPMC) last released its earnings results on Thursday, November 13th. The company reported $0.54 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.02). The firm had revenue of $20.23 million during the quarter, compared to the consensus estimate of $20.45 million.

Sound Point Meridian Capital Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th will be paid a $0.25 dividend. This represents a c) annualized dividend and a dividend yield of 20.4%. The ex-dividend date is Monday, March 16th. Sound Point Meridian Capital’s dividend payout ratio is currently 1,500.00%.

Insider Activity

In related news, major shareholder Guaranty Ltd Assured sold 1,882 shares of the stock in a transaction that occurred on Friday, October 24th. The shares were sold at an average price of $16.64, for a total transaction of $31,316.48. Following the transaction, the insider owned 5,281,112 shares in the company, valued at $87,877,703.68. This represents a 0.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Stephen Ketchum bought 2,000 shares of the firm’s stock in a transaction on Tuesday, October 21st. The shares were bought at an average price of $15.31 per share, with a total value of $30,620.00. Following the completion of the purchase, the chairman owned 94,090 shares in the company, valued at approximately $1,440,517.90. The trade was a 2.17% increase in their position. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders have bought 28,000 shares of company stock worth $434,270 and have sold 16,929 shares worth $290,924.

Institutional Trading of Sound Point Meridian Capital

A number of hedge funds have recently bought and sold shares of the company. Kim LLC purchased a new position in shares of Sound Point Meridian Capital in the second quarter worth approximately $192,821,000. Everest Management Corp. bought a new stake in shares of Sound Point Meridian Capital during the 2nd quarter valued at $1,303,000. Marshall Wace LLP lifted its position in Sound Point Meridian Capital by 35.4% during the second quarter. Marshall Wace LLP now owns 77,152 shares of the company’s stock valued at $1,379,000 after purchasing an additional 20,163 shares in the last quarter. Citadel Advisors LLC purchased a new position in Sound Point Meridian Capital during the third quarter valued at $267,000. Finally, Envestnet Asset Management Inc. grew its holdings in Sound Point Meridian Capital by 8.6% during the first quarter. Envestnet Asset Management Inc. now owns 145,851 shares of the company’s stock valued at $2,908,000 after purchasing an additional 11,602 shares during the period.

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.