B.Riley Securit Downgrades Sound Point Meridian Capital (NYSE:SPMC) to Hold

Sound Point Meridian Capital (NYSE:SPMC) was downgraded by stock analysts at B.Riley Securit from a “strong-buy” rating to a “hold” rating in a research note issued on Wednesday,Zacks.com reports.

SPMC has been the subject of a number of other research reports. Compass Point set a $12.00 price target on Sound Point Meridian Capital in a research note on Wednesday. Zacks Research raised shares of Sound Point Meridian Capital from a “strong sell” rating to a “hold” rating in a research report on Friday, January 30th. Alliance Global Partners reiterated a “buy” rating on shares of Sound Point Meridian Capital in a research report on Wednesday. iA Financial set a $18.50 price objective on shares of Sound Point Meridian Capital in a report on Thursday, November 13th. Finally, Oppenheimer set a $20.00 price objective on Sound Point Meridian Capital in a research report on Monday, December 1st. One analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $16.42.

Sound Point Meridian Capital Price Performance

NYSE SPMC opened at $11.59 on Wednesday. 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 has a 1 year low of $11.45 and a 1 year high of $22.30. The business’s 50-day moving average is $13.79 and its 200 day moving average is $15.91.

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

Insider Buying and Selling

In other news, major shareholder Guaranty Ltd Assured sold 4,562 shares of Sound Point Meridian Capital stock in a transaction that occurred on Tuesday, January 27th. The shares were sold at an average price of $14.31, for a total transaction of $65,282.22. Following the completion of the transaction, the insider directly owned 5,269,690 shares in the company, valued at approximately $75,409,263.90. This trade 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 business’s stock in a transaction that occurred on Thursday, December 18th. The stock was bought at an average price of $13.60 per share, for a total transaction of $56,004.80. Following the purchase, the director directly owned 6,318 shares in the company, valued at $85,924.80. The trade was a 187.18% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders have acquired 8,480 shares of company stock valued at $115,727 and have sold 10,803 shares valued at $156,663. 0.89% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Sound Point Meridian Capital

A number of hedge funds have recently added to or reduced their stakes in SPMC. Kim LLC bought a new position in Sound Point Meridian Capital in the 2nd quarter valued at approximately $192,821,000. Everest Management Corp. lifted its holdings in shares of Sound Point Meridian Capital by 5.6% during the fourth quarter. Everest Management Corp. now owns 79,798 shares of the company’s stock valued at $1,097,000 after purchasing an additional 4,243 shares in the last quarter. Marshall Wace LLP boosted its position in shares of 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 buying an additional 20,163 shares during the last quarter. Finally, Citadel Advisors LLC bought a new stake in Sound Point Meridian Capital in the 3rd quarter worth about $267,000.

More Sound Point Meridian Capital News

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

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