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Sound Point Meridian Capital

SPMC

Market cap $113M

5.84 USD

+0.34

6.18%

At close Updated Nov 6, 4:00 PM EST

1 day

6.18%

5 days

1.74%

1 month

-29.21%

3 months

-45.11%

6 months

-46.27%

Year to date

-57.4%

1 year

-64.48%

5 years

-70.8%

10 years

-70.8%

About: Sound Point Meridian Capital Inc is a closed-end management investment company. The Company's primary investment objective is to generate high current income, with a secondary objective to generate capital appreciation.

Financials Asset Management

News

Positive

Neutral

Negative

Sentiment 3-Months

Positive 0%

Neutral 57.1%

Negative 42.9%

Neutral

Seeking Alpha

4 days ago

Weekly Closed-End Fund Roundup (October 25, 2026)

CEFs fell this week: 4 of 26 sectors rose on price (average -0.90%) and 8 of 26 on NAV (average -0.20%); munis held up while commodities lagged. HERZ's tender for 5% of its shares at 97.5% of NAV drew 71% participation, so only about 7% of tendered shares were accepted, worth about +1.4% on a full position. At the fund level, HQH (+6.80%) led on price and OCCI (-17.42%) fell the most, while THW (+5.18%) led on NAV and ASA (-5.78%) declined the most.

Neutral

Business Wire

9 days ago

Sound Point Meridian Capital, Inc. Schedules Second Fiscal Quarter Ended September 30, 2026 Earnings Release and Conference Call

NEW YORK--(BUSINESS WIRE)-- #CLO--Sound Point Meridian Capital, Inc. (NYSE: SPMC), a closed-end management investment company that has registered as an investment company under the Investment Company Act of 1940, as amended (the “Company”), today announced it plans to release its financial results for its second fiscal quarter ended September 30, 2026 prior to the opening of the stock market on Thursday, November 12, 2026, and discuss these results in a conference call at 11:00 a.m. ET. All interested.

Negative

Zacks Investment Research

24 days ago

Sound Point Meridian Capital, Inc. (SPMC) Loses 20.6% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner

Sound Point Meridian Capital, Inc. (SPMC) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.

Neutral

Seeking Alpha

2 months ago

Sound Point Meridian Capital Inc (SPMC) Q1 2027 Earnings Call Transcript

Negative

MarketBeat

2 months ago

Sound Point Meridian Capital Q1 Earnings Call Highlights

Sound Point Meridian Capital NYSE: SPMC reported net investment income of $5 million, or $0.24 per share, for its fiscal first quarter ended June 30, 2026, as spread tightening and higher modeled loss reserves on AI-impacted software loans continued to pressure income from its CLO equity portfolio.

Negative

Zacks Investment Research

2 months ago

Sound Point Meridian Capital, Inc. (SPMC) Lags Q1 Earnings and Revenue Estimates

Sound Point Meridian Capital, Inc. (SPMC) came out with quarterly earnings of $0.24 per share, missing the Zacks Consensus Estimate of $0.3 per share. This compares to earnings of $0.53 per share a year ago.

Neutral

Business Wire

2 months ago

Sound Point Meridian Capital, Inc. Announces Third Fiscal Quarter 2027 Common and Preferred Distributions and Results for the First Fiscal Quarter Ended June 30, 2026

NEW YORK--(BUSINESS WIRE)-- #CLO--Sound Point Meridian Capital, Inc. (NYSE: SPMC, SPMA, SPME), a closed-end management investment company that has registered as an investment company under the Investment Company Act of 1940, as amended (the “Company”), today announced the declaration of distributions on shares of the Company's common and preferred stock for the third fiscal quarter 2027 (fourth calendar quarter of 2026), results for the first fiscal quarter ended June 30, 2026 and additional activity.

Neutral

Business Wire

3 months ago

Sound Point Meridian Capital, Inc. Schedules First Fiscal Quarter Ended June 30, 2026 Earnings Release and Conference Call

NEW YORK--(BUSINESS WIRE)-- #CLO--Sound Point Meridian Capital, Inc. (NYSE: SPMC), a closed-end management investment company that has registered as an investment company under the Investment Company Act of 1940, as amended (the “Company”), today announced it plans to release its financial results for its first fiscal quarter ended June 30, 2026 prior to the opening of the stock market on Wednesday, August 12, 2026, and discuss these results in a conference call at 11:00 a.m. ET. All interested partie.

Neutral

Newsfile Corp

4 months ago

South Pacific Metals Intersects 12 m at 3.1 g/t Gold, Including 1 m at 18.1 g/t Gold, at New Megabe Target, Ontenu NE; Provides Corporate Update Across Its Multi-Asset PNG Gold-Copper Portfolio

Drill hole ONED26-007 returns 12 m at 3.1 g/t Au, including 1 m at 18.1 g/t Au, at the new Megabe target; two rigs turning at Ontenu NE within the Osena Project, with a porphyry test being prepared at Ontenu Central; surface exploration and drill-target definition advancing at the Anga Project, adjacent to K92 Mining's operation; reconnaissance at May River secures community consent and site access Vancouver, British Columbia--(Newsfile Corp. - June 16, 2026) - South Pacific Metals Corp. (TSXV: SPMC) (OTCQB: SPMEF) (FSE: 6J00) ("SPMC" or "South Pacific Metals" or the "Company") is pleased to report new high-grade gold drill results from its Ontenu NE project and to provide a corporate update across its portfolio of gold-copper exploration projects in Papua New Guinea ("PNG"). Drill hole ONED26-007, the first hole testing the new Megabe target at Ontenu NE, returned 12 m at 3.1 g/t Au, including 1 m at 18.1 g/t Au.

Negative

Zacks Investment Research

5 months ago

Sound Point Meridian Capital, Inc. (SPMC) Q4 Earnings and Revenues Lag Estimates

Sound Point Meridian Capital, Inc. (SPMC) came out with quarterly earnings of $0.34 per share, missing the Zacks Consensus Estimate of $0.41 per share. This compares to earnings of $0.66 per share a year ago.

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Sound Point Meridian Capital SPMC Market cap $113M

News

Sound Point Meridian Capital

SPMC

Market cap $113M