Sound Point Meridian Capital’s (SPMC) Neutral Rating Reaffirmed at B. Riley Securities

B. Riley Securities reiterated their neutral rating on shares of Sound Point Meridian Capital (NYSE:SPMC) in a research report sent to investors on Thursday morning, Marketbeat.com reports. B. Riley Securities currently has a $12.00 price target on the stock, down from their prior price target of $16.00.

SPMC has been the subject of several other reports. Zacks Research raised shares of Sound Point Meridian Capital from a “strong sell” rating to a “hold” rating in a report on Friday, January 30th. Compass Point set a $12.00 target price on Sound Point Meridian Capital in a research note on Wednesday. iA Financial set a $18.50 price target on Sound Point Meridian Capital in a research note on Thursday, November 13th. B. Riley Financial lowered Sound Point Meridian Capital from a “buy” rating to a “neutral” rating in a report on Wednesday. Finally, Alliance Global Partners reissued a “buy” rating on shares of Sound Point Meridian Capital in a report on Wednesday. One analyst has rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Sound Point Meridian Capital currently has an average rating of “Hold” and a consensus price target of $16.42.

Sound Point Meridian Capital Price Performance

Sound Point Meridian Capital stock opened at $11.59 on Thursday. The business has a 50 day simple moving average of $13.79 and a 200-day simple moving average of $15.91. Sound Point Meridian Capital has a 12 month low of $11.45 and a 12 month high of $22.30. The stock has a market capitalization of $237.60 million, a PE ratio of -3.28 and a beta of 0.32.

Sound Point Meridian Capital (NYSE:SPMC) last announced its quarterly earnings data on Wednesday, February 11th. The company reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.11). The business had revenue of $17.95 million for the quarter, compared to the consensus estimate of $20.45 million.

Sound Point Meridian Capital Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a $0.20 dividend. This represents a c) annualized dividend and a yield of 20.7%. The ex-dividend date of this dividend is Monday, June 15th. Sound Point Meridian Capital’s dividend payout ratio (DPR) is presently 1,500.00%.

Insider Buying and Selling at Sound Point Meridian Capital

In other Sound Point Meridian Capital news, major shareholder Guaranty Ltd Assured sold 4,562 shares of the company’s stock in a transaction on Tuesday, January 27th. The stock was sold at an average price of $14.31, for a total value of $65,282.22. Following the sale, the insider owned 5,269,690 shares of the company’s stock, valued at approximately $75,409,263.90. This represents a 0.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Matthew E. Forstenhausler purchased 4,118 shares of the company’s stock in a transaction dated Thursday, December 18th. The stock was purchased at an average price of $13.60 per share, with a total value of $56,004.80. Following the transaction, the director owned 6,318 shares of the company’s stock, valued at approximately $85,924.80. This represents a 187.18% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders have purchased 8,480 shares of company stock valued at $115,727 and have sold 10,803 shares valued at $156,663. Insiders own 0.89% of the company’s stock.

Institutional Trading of Sound Point Meridian Capital

Several institutional investors and hedge funds have recently modified their holdings of SPMC. Everest Management Corp. grew its position in shares of Sound Point Meridian Capital by 3.7% in the third quarter. Everest Management Corp. now owns 75,555 shares of the company’s stock valued at $1,311,000 after purchasing an additional 2,697 shares during the last quarter. Citadel Advisors LLC purchased a new stake in Sound Point Meridian Capital in the 3rd quarter valued at approximately $267,000. Marshall Wace LLP grew its holdings in Sound Point Meridian Capital by 35.4% during the 2nd quarter. Marshall Wace LLP now owns 77,152 shares of the company’s stock valued at $1,379,000 after buying an additional 20,163 shares during the last quarter. Finally, Kim LLC purchased a new position in Sound Point Meridian Capital during the second quarter worth $192,821,000.

Key Headlines Impacting Sound Point Meridian Capital

Here are the key news stories impacting Sound Point Meridian Capital this week:

• Positive Sentiment: Company declared monthly common and preferred distributions of $0.20 per share (monthly), implying a very high annualized yield (~20.8%) that can support demand from yield-focused investors. This dividend schedule (multiple record/ex-dividend dates announced) likely underpins short-term buying interest. Press Release
• Neutral Sentiment: Management held its Q3 2026 earnings call; the transcript and highlights discuss portfolio positioning and market navigation but didn’t provide a clear catalyst to reverse the revenue/earnings weakness. Investors should read the call for color on portfolio income, leverage and NAV strategy. Earnings Call Transcript Call Highlights
• Negative Sentiment: Q3 results missed expectations: EPS $0.44 vs. consensus $0.55 and revenue $17.95M vs. $20.45M consensus — a quarter-on-quarter decline from prior-year EPS. This earnings/revenue shortfall raises near-term performance concerns and pressure on NAV. Earnings Release / Marketbeat Zacks Coverage
• Negative Sentiment: B. Riley lowered its view on SPMC — downgraded from “strong-buy” to “hold/neutral” and cut the price target from $16 to $12 (now only modestly above current market price). A reputable shop cutting the PT and rating increases sell-side pressure and reduces prospective upside in the near term. Finviz / B. Riley Note Zacks report

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. Sound Point Meridian Capital Inc is based in NEW YORK.