Q3 Earnings Estimate for SPMC Issued By B. Riley

Sound Point Meridian Capital, Inc. (NYSE:SPMC) – Stock analysts at B. Riley issued their Q3 2026 earnings per share estimates for Sound Point Meridian Capital in a research note issued to investors on Thursday, November 20th. B. Riley analyst T. D’agostino forecasts that the company will post earnings of $0.56 per share for the quarter. B. Riley currently has a “Buy” rating and a $16.00 price target 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.

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

A number of other brokerages have also recently weighed in on SPMC. Compass Point set a $20.00 price objective on shares of Sound Point Meridian Capital in a report on Tuesday, September 30th. Zacks Research cut Sound Point Meridian Capital from a “hold” rating to a “strong sell” rating in a research report on Friday, November 21st. Finally, Industrial Alliance Securities set a $18.50 price target on Sound Point Meridian Capital in a research note on Thursday, November 13th. Two investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $18.63.

Sound Point Meridian Capital Price Performance

NYSE:SPMC opened at $14.59 on Monday. The firm’s 50-day moving average price is $16.65 and its 200-day moving average price is $17.54. The company has a market capitalization of $299.05 million, a PE ratio of 72.94 and a beta of 0.20. Sound Point Meridian Capital has a 1-year low of $14.12 and a 1-year high of $22.30.

Institutional Investors Weigh In On Sound Point Meridian Capital

Several institutional investors have recently modified their holdings of the business. Envestnet Asset Management Inc. increased its holdings in Sound Point Meridian Capital by 8.6% in the 1st quarter. Envestnet Asset Management Inc. now owns 145,851 shares of the company’s stock worth $2,908,000 after buying an additional 11,602 shares in the last quarter. Everest Management Corp. bought a new stake in shares of Sound Point Meridian Capital in the second quarter worth approximately $1,303,000. Marshall Wace LLP raised its holdings 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 purchasing an additional 20,163 shares during the last quarter. Kim LLC bought a new position in Sound Point Meridian Capital during the second quarter valued at approximately $192,821,000. Finally, Citadel Advisors LLC purchased a new stake in Sound Point Meridian Capital in the third quarter worth approximately $267,000.

Insider Activity

In other Sound Point Meridian Capital news, major shareholder Guaranty Ltd Assured sold 1,882 shares of the stock in a transaction on Friday, October 24th. The stock was sold at an average price of $16.64, for a total transaction of $31,316.48. Following the sale, the insider directly owned 5,281,112 shares in the company, valued at approximately $87,877,703.68. This trade represents a 0.04% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Stephen Ketchum bought 2,000 shares of Sound Point Meridian Capital stock in a transaction on Tuesday, October 21st. The stock was acquired at an average cost of $15.31 per share, with a total value of $30,620.00. Following the acquisition, the chairman owned 94,090 shares in the company, valued at approximately $1,440,517.90. This represents 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.

Sound Point Meridian Capital Announces Dividend

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 20.6%. The ex-dividend date is Monday, March 16th. Sound Point Meridian Capital’s dividend payout ratio is currently 1,500.00%.

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.