B. Riley Issues Negative Outlook for SPMC Earnings

Sound Point Meridian Capital, Inc. (NYSE:SPMC) – Analysts at B. Riley lowered their Q4 2025 earnings estimates for Sound Point Meridian Capital in a research note issued on Monday, April 21st. B. Riley analyst R. Binner now forecasts that the company will post earnings of $0.62 per share for the quarter, down from their previous forecast of $0.68. B. Riley has a “Strong-Buy” rating on the stock.

Sound Point Meridian Capital (NYSE:SPMC) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.11.

Sound Point Meridian Capital Stock Up 4.6 %

Shares of SPMC stock opened at $18.53 on Wednesday. The business has a 50-day moving average price of $20.04 and a two-hundred day moving average price of $20.19. Sound Point Meridian Capital has a 12-month low of $16.26 and a 12-month high of $22.30.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Sound Point Meridian Capital stock. Oppenheimer & Co. Inc. lifted its holdings in shares of Sound Point Meridian Capital, Inc. (NYSE:SPMC) by 15.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund 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 SEC.

Sound Point Meridian Capital Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be paid a $0.25 dividend. This represents a $3.00 annualized dividend and a yield of 16.19%. The ex-dividend date is Tuesday, April 15th.

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.