B. Riley Issues Negative Outlook for SPMC Earnings

Sound Point Meridian Capital, Inc. (NYSE:SPMC) – Investment analysts at B. Riley reduced their Q1 2026 EPS estimates for shares of Sound Point Meridian Capital in a note issued to investors on Tuesday, July 15th. B. Riley analyst R. Binner now expects that the company will post earnings of $0.60 per share for the quarter, down from their previous estimate of $0.64. B. Riley also issued estimates for Sound Point Meridian Capital’s Q2 2026 earnings at $0.63 EPS, Q3 2026 earnings at $0.65 EPS, Q4 2026 earnings at $0.66 EPS, FY2026 earnings at $2.55 EPS and FY2027 earnings at $2.65 EPS.

Sound Point Meridian Capital (NYSE:SPMC) last posted its quarterly earnings data on Thursday, May 29th. The company reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.06. The firm had revenue of $22.66 million for the quarter, compared to analysts’ expectations of $20.48 million.

Sound Point Meridian Capital Trading Down 2.2%

NYSE SPMC opened at $17.94 on Wednesday. Sound Point Meridian Capital has a twelve month low of $16.26 and a twelve month high of $22.30. The firm’s 50 day moving average price is $18.14 and its two-hundred day moving average price is $19.46.

Hedge Funds Weigh In On Sound Point Meridian Capital

An institutional investor recently bought a new position in Sound Point Meridian Capital stock. Marshall Wace LLP purchased a new stake in shares of Sound Point Meridian Capital, Inc. (NYSE:SPMC) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 17,747 shares of the company’s stock, valued at approximately $371,000. Marshall Wace LLP owned approximately 0.09% of Sound Point Meridian Capital as of its most recent SEC filing.

Sound Point Meridian Capital Dividend Announcement

The business also recently declared a dividend, which will be paid on Thursday, July 31st. Stockholders of record on Wednesday, July 16th will be issued a dividend of $0.25 per share. This represents a dividend yield of 16.81%. The ex-dividend date of this dividend is Tuesday, July 15th.

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.